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Mille Lacs County Housing Market

Minnesota · 87 counties · Ranked #2279 in home value

Below National Avg

Housing at a Glance

Median Home Value

$237,500

vs national$237,500 vs $281,900 national

Median Gross Rent

$909/mo

vs national$909 vs $1,163 national

Effective Tax Rate

1.04%

vs national+1.04% vs 1.02% national

Median Household Income

$71,455

vs national$71,455 vs $74,755 national

Affordability Ratio

3.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,475

Tax as % of Home Value

1.04%

Monthly Owner Cost

$1,247

Renter Income

$35,305

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Frequently Asked Questions

What is the median home value in Mille Lacs County?

The median home value in Mille Lacs County is $237,500. This is below the national median of $281,900.

How much is rent in Mille Lacs County?

The median gross rent in Mille Lacs County is $909 per month.

What is the property tax rate in Mille Lacs County?

The effective property tax rate in Mille Lacs County is 1.04%. The median annual property tax bill is $2,475.

Is Mille Lacs County affordable?

With a home-value-to-income ratio of 3.3x, Mille Lacs County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.