Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$309,263+1.5% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$67,042About 0.9× the local median income ($76,062): affordable for a typical household
Days on market60 daysAbout the same pace as a year ago
Next 12 months+1.6%Zillow expects prices to rise slightly
The typical home in Mille Lacs County, MN is worth $309,263, up 1.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $276,776, so the area is 11.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 60 days to sell, listings are up 10% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 1.6% over the next year. A household needs about $67,042 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,062. In the latest IRS figures, 77 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$309,263
Change in 1 year
+1.5%
Overvalued %
+11.7%
Show 7 more
Fair home value
$276,776
Change in 5 years
+14.8%
Zillow forecast, next 12 months
+1.6%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,676
Income needed to afford it
$67,042
Property tax rate
1.04%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,124
Market activity
Listings vs a year ago
+9.7%
Days on market
60
Listings with a price cut
16.1%
Show 3 more
Homes for sale
102
Pending sales per 100 listings
24
Asking price per sq ft
$209
People and jobs
Median household income
$76,062
Population change (1 year)
+0.3%
Unemployment rate
4.0%
Show 4 more
Population
27,753
Income adjusted for cost of living
$72,578
Net moves in (IRS)
+77
Cost of living (US = 100)
104.8
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
28.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
46.2
Wildfire risk score
65.8
Walkability (1 to 20)
6.5
Road, rail and air noise
54 dB
Questions people ask
Is Mille Lacs County, MN overvalued?
Home prices in Mille Lacs County, MN are well above what local incomes have historically supported: fair value is about $276,776, so the area is 11.7% overvalued.
Is Mille Lacs County, MN a buyer's or seller's market?
Mille Lacs County, MN is a balanced market, leaning toward buyers: homes take about 60 days to sell, listings are up 10% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Mille Lacs County, MN?
Home values in Mille Lacs County, MN are up 1.5% over the last year. Zillow's forecast for the next 12 months is +1.6%.
How much do you need to earn to buy a home in Mille Lacs County, MN?
A household needs about $67,042 a year to afford the typical home in Mille Lacs County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,062.