Preforeclosure Homes in Milaca, MN

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5 View this home at 125th Ave Milaca MN 56353
$181,412 EMV

4 Bed | 2 Bath | 1,092 Sq. Ft.

View this home at 4th Ave Ne Milaca MN 56353
$241,439 EMV
View this home at 3rd Ave Nw Milaca MN 56353
$161,820 EMV

| 912 Sq. Ft.

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Home Value Estimator For Milaca, MN

There are currently 3,189 real estate properties in Milaca, MN, with a median automated valuation model (AVM) price of $273,655.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Milaca, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Milaca, MN, is $302,087.00, with the most expensive house in Milaca, MN, topping out at $1,671,000.00 and the cheapest home in Milaca, MN, clocking in at $16,955.00. In other words, there’s something for every potential homebuyer or savvy investor in Milaca, MN!

Rent Prices In Milaca, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Milaca, MN, is on a rollercoaster ride. The average rent price in Milaca, MN, is $1,504.00. Indeed, when looking to rent in Milaca, MN, you can expect to pay as little as $630.00 or as much as $3,420.00, with the average rent median estimated to be $1,490.00. The good news is that finding an affordable and desirable property to rent in Milaca, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Milaca, MN In 2024

Milaca is located in Mille Lacs, Minnesota, with an estimated municipal population of 2,930 residents. All of the best foreclosed homes for sale in Milaca are located in the following zip code areas on 56353. The estimated population per square kilometer (.62 miles) in Milaca is 342.

Cost Of Living In Milaca, MN

So, about how much do homes cost in Milaca? The most recent median value of resident-owned homes in Milaca is 128,910. An estimated 59.1 percent of households in Milaca own their homes, with an average family size of 2.84. The median household income in Milaca is 41,801, with16.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Milaca, the median commute time of resident workers (in minutes) is 26.6. And last, but certainly not least, are you looking for homes to rent in Milaca? If so, the average rent price paid by renters in Milaca is 754, according to recent statistics.

Diversity And Demographics In Milaca, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Milaca, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Milaca is 41.5, split between 46.1 percent male versus 53.9 female. The percentage of residents who report being married in Milaca is 44, with an average family size of 2.84.

The percentage of residents who report their race in Milaca is as follows:

White 93.7%
Black / African American 0.7%
Asian 0%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 4.5%
Other 0.2%

Looking for family-friendly neighborhoods in and/or near Milaca? Or maybe you are searching for 55+ active adult communities in and/or near Milaca?

The percentage of residents who report their age in Milaca is as follows:

Under 10 10%
Aged 10-19 14.4%
20s 11.3%
30s 12.3%
40s 13.6%
50s 8.3%
60s 12.4%
70s 7.7%
80+ 9.9%

Best Schools In Milaca, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Milaca with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Milaca.

Pros And Cons Of Living In Milaca, Minnesota

How do you know that living in -- or moving to -- Milaca is right where you need to be? Perhaps you grew up in Milaca or already live nearby; therefore, the decision to buy a home in Milaca is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Milaca for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Milaca:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Milaca.

Reasons To Move To Milaca, Minnesota, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Milaca can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Milaca, meanwhile, can field multiple offers from more qualified buyers.

Milaca, MN Preforeclosure Homes


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