Market Overview
Home Prices in Milaca, MN
The median home value in Milaca, MN is $243,610 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milaca are priced41% below average. Milaca is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Milaca home values have risen by approximately21.6%, reflecting strong long-term appreciation in this market.
Price History
Milaca Home Price Trend
City Comparison
Milaca vs. National Median
At $243,610, homes in Milaca cost 41% below the national median of $410,000. This makes Milaca a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milaca?
20% Down Payment
$48,722
on $243,610
Monthly P&I
$1,271/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,614/mo
incl. taxes & insurance
Income Needed
$64,560
gross annual (30% rule)
10% Down Option
$24,361
+ PMI applies
Loan Amount (20% dn)
$194,888
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Milaca, MN?
The median home value in Milaca is $243,610 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Milaca?
Over the past year, home values in Milaca have increased by 4.6%. Over five years, prices have risen approximately 21.6%.
How much do I need to earn to buy a home in Milaca?
To comfortably afford the median home price of $243,610 with a 20% down payment ($48,722) at today's rates (6.8%), you'd need a gross annual income of approximately $64,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Milaca compare to the national average home price?
The national median home value is approximately $410,000. At $243,610, homes in Milaca are 41% below the national average.
What metro area is Milaca part of?
Milaca is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.