Real Estate Investing in Milaca, Minnesota (56353)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56353 (Milaca, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Milaca, MN (56353)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 56353 Milaca
ZIP 56353 inside Mille Lacs County looks affordable on the surface — median value of $336K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 56353 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 56353 offers a low basis, the region around Milaca has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 56353 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 56353 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Milaca:
Property Strategy for 56353
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $254,782 | $1,520 | 4.3% | +6.4% | $127,391 |
| 3BR | $308,411 | $2,020 | 4.7% | — | $102,804 |
| 4BR | $366,770 | $2,270 | 4.5% | — | $91,693 |
Market Trends
Home Value History (with trend line)
📊 How Does 56353 Compare?
| Metric | 56353 | Milaca | Minnesota |
|---|---|---|---|
| Home Value | $335,901 | $335,901 | $340,597 |
| 5-Year CAGR | 4.7% | 4.7% | 4.9% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56353 (Milaca, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,901 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 56353
Population: 9,489
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 56353
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Are homes affordable in Milaca, MN?
The median home value in Milaca, MN is roughly $336K. That puts it reasonable relative to the MN statewide average.
How much do tenants pay in Milaca, MN?
Rents in Milaca, MN run near $1,368/mo. Compared with median home prices of $336K that produces solid gross yields for typical rentals.
How do experienced investors play Milaca, MN?
A careful cash-flow rentals with hands-on management strategy Milaca, MN best. The market produces predictable results for that approach at the $336K price point.
How do landlord-tenant laws work in Milaca, MN?
Milaca, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
What kind of market is Milaca, MN for investors?
Yes - Milaca, MN a 3.0/5 investability score. With $336K home prices against $1,368/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 56353 now. You don’t know where it ranks.
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How 56353 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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