Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 26,912 ↑ 1.7% since 2020 |
| Median Household Income | $71,455 4% below national median |
| Median Home Value | $237,500 |
| Unemployment Rate | 4.4% |
| Median Age | 41.2 years |
| Housing Vacancy Rate | 17.1% |
| Total Land Sales (Past 12 Months) | 70 transactions |
| Active Listings | 64 properties |
| Avg Days on Market | 416 days |
Rural Land Sales (1+ Acres) (Mar 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $7,353 |
| Recent Sales | 61 transactions |
| Avg Days on Market | 210 days |
| Avg Parcel Size | 34.32 acres |
| Active Listings | 43 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Mar 2026New | 3.43 | $37,500 | $10,943 | Highway 95 | Princeton |
| Mar 2026New | 4.46 | $30,000 | $6,726 | 175th Ave | Ogilvie |
| Feb 2026 | 5.00 | $80,000 | $16,000 | 46686 40th Ave | Isle |
| Feb 2026 | 5.00 | $60,000 | $12,000 | Xxx 210th St | Milaca |
| Feb 2026 | 40.00 | $180,000 | $4,500 | 39493 30th Ave | Wahkon |
| Jan 2026 | 29.78 | $52,500 | $1,763 | 15479 330th St | Onamia |
| Dec 2025 | 240.00 | $409,106 | $1,705 | 330th St #330 | Onamia |
| Dec 2025 | 151.99 | $290,894 | $1,914 | 330th St #330 | Onamia |
| Dec 2025 | 2.54 | $78,000 | $30,745 | 7 73rd St | Milaca |
| Dec 2025 | 5.00 | $51,000 | $10,200 | 12957 Central Ave | Milaca |
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Nov 2025 | 20.00 | $149,900 | $7,495 | 178XX 50th Ave | Ogilvie |
| Nov 2025 | 33.73 | $300,000 | $8,894 | 13247 130th Ave | Milaca |
| Nov 2025 | 10.00 | $86,000 | $8,600 | 195th Ave NE | Foreston |
| Nov 2025 | 52.00 | $300,000 | $5,769 | 0 Davenport Rd | Princeton |
| Nov 2025 | 4.34 | $34,900 | $8,041 | 0 32nd Ave E | Isle |
| Oct 2025 | 35.26 | $120,000 | $3,403 | 9342 120th St | Milaca |
| Oct 2025 | 120.00 | $75,000 | $625 | 33 30th Ave | Isle |
| Oct 2025 | 40.00 | $38,000 | $950 | 470 Street | Isle |
| Oct 2025 | 58.34 | $870,000 | $14,913 | 305th Ave NW | Princeton |
| Oct 2025 | 5.43 | $120,000 | $22,099 | X 185th St | Milaca |
| Oct 2025 | 4.51 | $65,000 | $14,412 | 1295 E Superior St | Isle |
| Sep 2025 | 50.00 | $210,000 | $4,200 | 19285 90th Ave | Milaca |
| Sep 2025 | 15.13 | $105,000 | $6,940 | 17 100th Ave | Milaca |
| Sep 2025 | 13.06 | $245,000 | $18,760 | 3431 Highway 18 | Isle |
| Sep 2025 | 15.00 | $113,000 | $7,533 | 230th St | Milaca |
| Aug 2025 | 20.00 | $105,000 | $5,250 | Merlin Rd | Milaca |
| Aug 2025 | 35.00 | $125,000 | $3,571 | 330th St | Onamia |
| Aug 2025 | 11.23 | $98,000 | $8,727 | 16876 100th St | Oak Park |
| Aug 2025 | 5.00 | $170,000 | $34,000 | 5804 180th St | Milaca |
| Jul 2025 | 16.16 | $89,900 | $5,563 | 171 S 1st St | Foreston |
| Jul 2025 | 8.63 | $80,000 | $9,270 | 15XYZ 206th St | Milaca |
| Jul 2025 | 20.00 | $180,000 | $9,000 | 60th Ave | Princeton |
| Jul 2025 | 2.04 | $110,000 | $53,922 | 18340 Gopher Ln | Garrison |
| Jul 2025 | 1.01 | $20,000 | $19,802 | 10 Ea St | Isle |
| Jul 2025 | 80.00 | $355,000 | $4,438 | Xxcb Merlin Rd | Hillman |
| Jun 2025 | 25.64 | $322,000 | $12,559 | 8242 52nd St | Princeton |
| Jun 2025 | 10.07 | $94,000 | $9,335 | 220th St | Milaca |
| Jun 2025 | 15.48 | $162,500 | $10,497 | 5679 140th St | Milaca |
| Jun 2025 | 1.70 | $12,500 | $7,353 | Stevens Rd | Onamia |
| Jun 2025 | 15.00 | $125,500 | $8,367 | Ivy Rd | Milaca |
| Jun 2025 | 62.51 | $240,000 | $3,839 | 35888 40th Ave | Isle |
| Jun 2025 | 40.00 | $255,000 | $6,375 | Tamarac Rd | Onamia |
| Jun 2025 | 14.73 | $90,000 | $6,110 | Xxx 80th St | Princeton |
| Jun 2025 | 1.00 | $20,500 | $20,500 | Xxx 30th Ave | Isle |
| May 2025 | 5.27 | $180,000 | $34,156 | 10757 Stevens Rd | Onamia |
| May 2025 | 80.00 | $64,000 | $800 | 2 470th St | Isle |
| May 2025 | 77.93 | $500,000 | $6,416 | 13149 State Highway 23 | Milaca |
| May 2025 | 1.01 | $2,700 | $2,673 | Stevens Rd | Onamia |
| May 2025 | 10.00 | $95,000 | $9,500 | 85th St | Princeton |
| May 2025 | 30.00 | $105,000 | $3,500 | 330th St | Onamia |
| Apr 2025 | 3.40 | $64,000 | $18,824 | 80th St Parcel C | Princeton |
| Apr 2025 | 7.40 | $49,900 | $6,743 | Xx 260th St | Milaca |
| Apr 2025 | 41.70 | $157,500 | $3,777 | Tamarac Rd | Onamia |
| Apr 2025 | 75.00 | $300,000 | $4,000 | 20801 60th Ave | Milaca |
| Apr 2025 | 9.09 | $70,000 | $7,701 | 13230 162nd Ave | Foreston |
| Apr 2025 | 40.00 | $199,000 | $4,975 | Xxxxx 140th Ave | Milaca |
| Apr 2025 | 4.08 | $67,500 | $16,544 | 80th St Parcel B | Princeton |
| Mar 2025 | 19.20 | $120,000 | $6,250 | 12557 150th Ave | Foreston |
| Mar 2025 | 20.00 | $93,600 | $4,680 | 12 105th St | Milaca |
| Mar 2025 | 80.00 | $245,000 | $3,062 | Red Rd | Isle |
| Mar 2025 | 240.00 | $127,000 | $529 | Xxx 30th Ave | Isle |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $23,000 |
| Recent Sales | 9 transactions |
| Avg Days on Market | 84 days |
| Avg Parcel Size | 0.38 acres |
| Active Listings | 21 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Feb 2026 | 0.20 | $45,000 | 210 4th Ave S | Princeton |
| Feb 2026 | 0.38 | $23,000 | 12XX Dorothy St | Isle |
| Jan 2026 | 0.67 | $42,000 | 176 Main St | Foreston |
| Dec 2025 | 0.68 | $134,000 | Central Ave S | Milaca |
| Dec 2025 | 0.20 | $110,000 | 15453 Twilight Rd | Onamia |
| Nov 2025 | 0.22 | $8,000 | 0 Mesabi Way S | Onamia |
| Nov 2025 | 0.52 | $10,000 | 18741 Gone Golfin | Garrison |
| Nov 2025 | 0.21 | $6,300 | Deer Trl | Garrison |
| Oct 2025 | 0.34 | $21,500 | Hyser Ave | Onamia |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 26,912 |
| Population (2020) | 26,459 |
| Population Growth | 1.71% |
| Median Household Income | $71,455 |
| Median Home Value | $237,500 |
| Total Housing Units | 12,958 |
| Vacant Housing Units | 2,219 |
| Housing Vacancy Rate | 17.1% |
| Median Age | 41.2 |
| Bachelor's Degree or Higher | 2,233 (8.3%) |
| Unemployment Rate | 4.4% |
Market Overview
Mille Lacs County, Minnesota has a population of 26,912, which has grown 1.71% since 2020. The median household income is $71,455, below the national median of $74,580 by 4.2%. The housing vacancy rate of 17.1% suggests soft market conditions. The county's location in Minnesota makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $7,225 per acre, with properties averaging 29.50 acres. There are currently 64 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Mille Lacs County, Minnesota?
As of the 2023 American Community Survey, Mille Lacs County has a population of 26,912. The county has grown 1.71% since the 2020 Census, indicating a growing community.
What is the median household income in Mille Lacs County?
The median household income in Mille Lacs County is $71,455, which is 4.2% below the national median of $74,580.
Is Mille Lacs County growing or shrinking?
Mille Lacs County is growing. The population has increased 1.71% since 2020.
What is the housing market like in Mille Lacs County?
The median home value in Mille Lacs County is $237,500. The housing vacancy rate is 17.1%, which suggests soft market conditions. The unemployment rate is 4.4%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $7,225 per acre. Suburban/urban lots under 1 acre have a median lot price of $30,833.
Does Reelvest buy land in Mille Lacs County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Mille Lacs County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.