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    AI-Generated Neighborhood Summary

    Location and Demographics

    Milaca, MN, with the zip code 56353, is a small city in Mille Lacs County. It is known for its tight-knit community and offers a rural feel. The area is primarily residential, with a population that enjoys a quieter lifestyle compared to urban centers.

    Crime Rate and School District

    The crime rate in Milaca is generally lower than in larger cities, contributing to a sense of safety among residents. The Milaca Public Schools district includes several educational facilities, known for providing a solid education with a focus on community involvement. School ratings can vary, so it's beneficial to check specific school performance regularly.

    Amenities and Economy

    Nearby amenities include local parks, recreational areas, and community centers, fostering outdoor activities. Grocery stores and essential services are available within the town, providing convenience. Milaca is relatively close to other small towns and offers some local tourist attractions, such as regional parks and trails. The average household income in Milaca and surrounding areas tends to be moderate, reflective of typical rural Minnesota communities. Job growth in the area has been stable with prospects in local businesses, healthcare, and education sectors. For more extensive amenities, residents may travel to nearby larger cities, providing a balance between rural charm and access to urban facilities.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in a quaint setting, this neighborhood offers a balance of affordability and charm, highlighted by its median home price of $159,100, which is notably lower than the national average, providing an attractive option for first-time homebuyers and investors. With 64% of homes occupied by owners and 31% by renters, the community demonstrates stability and investment potential. The vacancy rate is a low 5%, suggesting a healthy demand for housing. Residents enjoy a comfortable median household income of $57,500, slightly below the national average, but offset by the area's lower cost of living, exemplified by a median contract rent of $713, making it accessible for many families.

    Despite a poverty rate of 13%, which is marginally higher than the national figure, the neighborhood maintains a low unemployment rate of just 1%, indicating a strong local economy and job availability. The area shows a modest educational attainment with 12% holding college degrees, which is below the national average, yet it hosts a predominantly white demographic with a minor 1% non-U.S. citizen population, reflecting a close-knit, homogeneous community atmosphere. About 33% of homeowners do so without mortgages, signaling financial prudence and security among residents. However, 18% of households spend 30% or more of their income on mortgage costs, a statistic that aligns closely with broader trends.

    For prospective buyers seeking neighborhoods with similar price points but more favorable educational and income statistics, exploring nearby communities might be advisable. While crime statistics are unavailable, the substantial presence of married-couple families at 40% suggests a family-friendly environment. Investors and homebuyers should weigh these factors, considering both the current state and potential for growth and development in the area. This neighborhood presents a compelling option for those prioritizing affordability and stability, though exploring surrounding areas may yield competitive alternatives with enhanced prospects.

    Median Home Price

    $159,100

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $57,500
    Nat'l Avg: $69,021

    Percent Under Poverty

    13%
    Nat'l Avg: 12%

    Median Contract Rent

    $713
    Nat'l Avg: $988

    Owners vs Renters

    64% / 31%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    5%
    Nat'l Avg: 11%

    Unemployment Rate

    1%
    Nat'l Avg: 3%

    College Degree

    12%
    Nat'l Avg: 21%

    Dominant Race

    White
    Nat'l Avg: 68%

    Married-Couple Families

    40%
    Nat'l Avg: 48%

    Owners Without Morgages

    33%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    18%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    1%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Recreation Park

    1.5 miles

    Fairview Northland Medical Center

    17 miles

    Teal's Market

    0.7 miles

    Rough-Cut Grill & Bar

    1 mile

    Anytime Fitness

    17 miles

    Minneapolis-Saint Paul International Airport

    80 miles

    Milaca High School

    1 mile

    Milaca Public Library

    1 mile

    Milaca Police Department

    0.8 miles

    Milaca Fire Department

    1.2 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    The median sale price of homes in Milaca reached $300,000 in November 2024, marking a 27.7% increase from the previous year.
    Milaca's population grew by 1.73% from 2020 to 2024, reaching 3,066 residents.
    The median household income in Milaca was $46,218 in 2022, reflecting a 3.16% increase from the previous year.
    The average rent in Milaca was $666 per month as of March 2025, a 5.8% increase over the past year. These insights highlight significant growth in property values, a steady population increase, rising household incomes, and escalating rental costs in Milaca, MN.

    Custom Narratives

    Milaca's median home sale price reached $300,000 in November 2024, marking a 27.7% increase from the previous year, indicating a strong seller's market.
    The median household income in Milaca was $49,063 in 2023, reflecting a modest economic growth that may influence future real estate demand.
    With a median age of 45.2 years, Milaca's aging population could impact housing preferences, potentially increasing demand for downsized or accessible homes.
    The city's predominantly White demographic (92.8%) and low population density contribute to a quiet, close-knit community atmosphere, appealing to those seeking a serene living environment. These insights provide a comprehensive overview of Milaca's current market trends and community attributes, offering valuable context for potential homebuyers.

    Green Flags

    Friendly community atmosphere
    Access to outdoor recreational activities
    Proximity to larger cities
    Strong local schools and education options

    Red Flags

    Limited public transportation options
    Harsh winter weather conditions
    Limited shopping and dining choices
    Fewer cultural and entertainment venues
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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