Mille Lacs County, Minnesota home prices
Typical home $309,263 · +1.5% in a year · property tax 1.04%
The typical home in Mille Lacs County is worth $309,263, 11% less than the Minnesota typical home ($348,778). Values changed +1.5% in the past year and +14.8% over five years. Homeowners here pay a median 1.04% of their home's value in property tax each year ($3,230 on the typical home), versus 1.04% statewide.
Mortgage on the typical Mille Lacs County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $61,853 | $247,411 | $1,664 | $0 | $424 | $2,088 | $89,500 |
| 10% down | $30,926 | $278,337 | $1,872 | $116 | $424 | $2,412 | $103,400 |
| 5% down | $15,463 | $293,800 | $1,976 | $122 | $424 | $2,523 | $108,100 |
| 3.5% down (FHA) | $10,824 | $303,662 | $2,043 | $137 | $424 | $2,603 | $111,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.04% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Minnesota · part of the Minneapolis metro area.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Stearns County | $310,038 | +2.4% | 1% |
| Nicollet County | $312,313 | +3.0% | 1.13% |
| Morrison County | $312,773 | +3.3% | 0.88% |
| Benton County | $313,228 | +2.8% | 0.98% |
| Clay County | $303,991 | +2.5% | 1.13% |
| Blue Earth County | $301,642 | +2.1% | 0.98% |
| Hubbard County | $317,334 | +1.9% | 0.78% |
| Wabasha County | $318,894 | +5.2% | 1.05% |
| Carlton County | $298,854 | +4.2% | 1.17% |
| Sibley County | $297,792 | +5.9% | 1.1% |
Frequently asked questions
What is the average home price in Mille Lacs County, MN?
The typical home value in Mille Lacs County is $309,263 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mille Lacs County?
About $89,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Mille Lacs County?
The median effective rate is 1.04% of home value a year (Census ACS 2024 5-year estimates).