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Advertise here →Milaca, MN · Market Data
Milaca, Minnesota real estate market data.
Real estate market data for Milaca, MN (Mille Lacs County) — Census median home value $184,900, county listing prices up about 5.4% over the past year.
Milaca, MN is in Mille Lacs County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 3,033, with a median household income of $49,063. Census data puts Milaca's median home value at $184,900.
At a glance
Milaca market snapshot
Population
3,033
Median Household Income
$49,063
Median Home Value (city)
$184,900
Median Gross Rent
$854/mo
Price Trend (YoY)
+5.4%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Milaca different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Milaca's median home value — across all owner-occupied homes, not just recent sales — at $184,900.
County Price Trend
Mille Lacs County's FHFA house price index shows a 5.43% annual change in 2025.
Population & Income
Milaca has an estimated population of 3,033 and a median household income of $49,063, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Milaca's Census-reported median home value works out to about 3.8x the area's median household income, and median gross rent runs roughly 21% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Milaca FAQ
What are home values like in Milaca, MN?
The Census Bureau's American Community Survey puts Milaca's median home value at $184,900.
What is the population of Milaca, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Milaca's population at approximately 3,033.
What's the median rent in Milaca, MN?
The Census ACS estimates median gross rent in Milaca at approximately $854 per month.
What is the median household income in Milaca, MN?
Census ACS data puts the median household income in Milaca at approximately $49,063.
Is the Milaca housing market growing?
Mille Lacs County's FHFA house price index shows a 5.43% annual change in 2025.
Is Milaca, MN affordable relative to income?
Census ACS data puts Milaca's median home value at about 3.8 times the median household income, with median gross rent equal to roughly 21% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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