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Market MapMinnesotaMille Lacs

Mille Lacs County

MinnesotaPopulation: 26,680
66
/100
Buy
#188 of 1,000 counties
#38 in Minnesota (87 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$298,869
Median Home Price
28% above national median
$17,746/mo
Est. Rent
Based on regional data
5.94%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
66/100
66
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
80/100

Based on 3.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
64/100

Price-to-income ratio of 4.4x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

No significant strengths identified based on current data.

Challenges

  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
26,680
Median Income
$68,088
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
4.4x
Moderately affordable

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
CurrentMille LacsMN
66$298,869Est. pending—Buy
Blue EarthMN
66$293,828$1,4906.08%BuyView
PineMN
66$253,269Est. pending—BuyView
Le SueurMN
65$351,273Est. pending—BuyView
OlmstedMN
65$337,521$1,6765.96%BuyView
MowerMN
65$195,984$8084.94%BuyView

The Bottom Line

BuyMille Lacs offers solid investment potential with positive cash flow at typical financing.

Mille Lacs County in Minnesota scores 66/100, ranking #188 of 1,000 US counties (top 25%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Mille Lacs with stronger cash flow

  • Blue Earth County for cash-flow rentals
  • Olmsted County for cash-flow rentals
  • Mower County for cash-flow rentals

Cheaper alternatives to Mille Lacs

  • Mower County, lower entry price
  • Pine County, lower entry price
  • Blue Earth County, lower entry price

Head-to-head comparisons

  • Mille Lacs vs Blue Earth for rentals
  • Mille Lacs vs Pine for rentals
  • Mille Lacs vs Le Sueur for rentals
All counties in Minnesota →

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