43Alpha

Mille Lacs County, MN Housing Market Brief

county · MN · as of July 2026

Balanced

What is Mille Lacs County, MN’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
56
Inventory Health25%
47
Affordability20%
56
Economic Strength20%
14
Rental Yield15%
44

Where is Mille Lacs County, MN in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Mille Lacs County, MN is classified as Mature holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Mille Lacs County, MN?

Our model forecasts Mille Lacs County, MN’s home prices to rise about 4.6% over the next 12 months (medium confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Mille Lacs County, MN housing market data

MetricValueYoY
Median Sale Price$288K▲ +1.8%
Median Days on Market44 days▲ +131.6%
Months of Supply3.9▲ +11.4%
Homes for Sale109-0.9%
Homes Sold28-9.7%
Median Price / Sq Ft$179▲ +11.5%

How has Mille Lacs County, MN’s Alpha Score moved?

Now: 43
12-period trend
Median sale price · 12 mo

Markets like Mille Lacs County, MN

Frequently asked questions

Is Mille Lacs County, MN a buyer's or seller's market?

As of July 2026, Mille Lacs County, MN is classified as a Balanced Market, based on its Alpha Score of 43 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Mille Lacs County, MN?

The median sale price in Mille Lacs County, MN is $288K, having risen 1.8% over the past year.

How affordable is Mille Lacs County, MN?

Mille Lacs County, MN scores 56 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Mille Lacs County, MN's Alpha Score?

Mille Lacs County, MN's strongest dimension is Affordability (56/100) and its weakest is Economic Strength (14/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Mille Lacs County, MN? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.