Milaca, MN


Highest Appreciating Milaca Neighborhoods Since 2000

Milaca, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Milaca Housing Market Information

With a population of 2,883, 1,175 total housing units (homes and apartments), and a median house value of $147,885, Milaca real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Milaca, accounting for 51.56% of the city's housing units. Other types of housing that are prevalent in Milaca include large apartment complexes or high rise apartments ( 29.02%), mobile homes or trailers ( 7.81%), and a few row houses and other attached homes ( 6.92%).

People in Milaca primarily live in small (one, two or no bedroom) single-family detached homes. Milaca has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Milaca built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Milaca built between 1940-1969 ( 22.54%). A lesser amount of the housing stock also hails from before 1939 ( 16.74%). There's also some housing in Milaca built between 2000 and later ( 15.77%).

Vacant housing appears to be an issue in Milaca. Fully 12.57% of the housing stock is classified as vacant. Left unchecked, vacant Milaca homes and apartments can be a drag on the real estate market, holding Milaca real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Milaca Home Appreciation Rates

Milaca's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Milaca during the period has been just -2.07%, which is lower than 80% of US communities.

Appreciation rates are so strong in Milaca that despite a nationwide downturn in the housing market, Milaca real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Milaca appreciation rates continue to be some of the highest in America, at 6.34%, which is higher than appreciation rates in 76.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Milaca. Milaca appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Milaca's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.

Average Home Values


Median Home Value:


Value Range
> $1,177,000 0.0
$883,001 - $1,177,000 1.6
$589,001 - $883,000 0.2
$471,001 - $589,000 0.6
$353,001 - $471,000 1.7
$235,001 - $353,000 10.1
$118,001 - $235,000 50.9
$59,001 - $118,000 22.7
$0 - $59,000 12.2

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
50.9609750380874 68.7885010266941

Number Of Homes And Apartments:

Milaca Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
16.75% 0.90% 1 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$799 / per month

Homeownership Rate

Owners 50.52
Renters 49.48
Vacant 12.57

Housing Market Details


Age of Homes

2000 or Newer 15.8
1970 - 1999 44.9
1940 - 1969 22.5
1939 or Older 16.7

Types of Homes

Single-Family 51.6
Townhomes 6.9
Small Apt. Buildings 2.9
Apt. Complexes 29.0
Mobile Homes 7.8
Other 1.8

Home Size

No Bedroom 4.84
1 Bedroom 16.22
2 Bedrooms 39.21
3 Bedrooms 25.52
4 Bedrooms 12.50
5 or more bedrooms 1.71

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Zip Codes in Milaca, MN