Home Insurance in Milaca, Minnesota
Homes in Milaca carry a median value of $203,400 - 21% lower than the Mille Lacs County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Milaca was built around 1978. About 27% of homes were built before 1960, about 1 point above Mille Lacs County's 25%.
The housing stock in Milaca is 54% single-family homes, 34% apartments in buildings with 5+ units and 7% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 65% of owner-occupied homes in Milaca have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Milaca has an owner-occupancy rate of 58% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Most homes in Milaca - 68% - are primarily heated with natural gas.
Mille Lacs County's top FEMA-rated hazard is wildfire (Relatively Low), per FEMA's National Risk Index. Mille Lacs County had 58 active NFIP flood policies as of September 2026. See the full Mille Lacs County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Minnesota, the statewide average premium for a standard HO-3 homeowners policy is $1,988 per year (NAIC, 2023 data).
Key figures
| Median home value | $203,400 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 58% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Mille Lacs County | 58 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)