Minneapolis-St. Paul-Bloomington, MN-WI · Minnesota
Mille Lacs County
ZIP 56386
26,912 residents99 permits TTM$71,455 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$237,500
ACS 5-Year
Cap rate proxy
4.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.3%
HUD FMR ÷ ACS HHI
Net migration
+2.45%
IRS SOI
Permits (TTM)
99
Census BPS
Climate risk
28.5
FEMA NRI (0–100)
ZIP 56386
Median home value
—
Gross yield
—
Cap rate
4.6%
Rent gap
—
Affordability
P/I: 4.0R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 56313 | — | — | — | 4.6% | — |
| 56363 | — | — | — | 4.6% | — |
| 56386 | — | — | — | 4.6% | — |
| 56359 | — | — | — | 3.8% | — |
| 56353 | — | — | — | 3.4% | — |
Ranked by composite score
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Demographics
Owner-occupied
77.7%
Census ACS
Vacancy rate
17.1%
Census ACS
Bachelor's degree +
17.6%
Census ACS
Rent burdened
38.5%
Census ACS (>30% income)
Median age
41.2
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026