HomeMinnesotaMille Lacs CountyMilaca city
Milaca city, Minnesota: commercial real estate data.
Milaca city is a Census city of 3,044 people across 3.42 square miles of land, in Mille Lacs County. Median household income is $49,588, 58.4 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $4.5 m.
76 sourced place values · tier FULL · 8 sections
Milaca
What Milaca is
- Census place typecity
- Land area3.42 sq mi
- Water area0.21 sq mi
- Population per square mile of land890
- County holding the largest share of its areaMille Lacs County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milaca
How many people live in Milaca
- Population3,044
- Median age46.6
- Population under 18442 plus or minus 142
- Share under 1814.5 percent plus or minus 4.7
- Population 65 and over686 plus or minus 155
- Share 65 and over22.5 percent plus or minus 5.1
- Households1,586
- Family households748
- Share of households that are families47.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milaca
Income and work in Milaca
- Median household income$49,588
- Per capita income$33,952
- Civilian labor force1,731
- Employed1,677
- Unemployed54 plus or minus 44
- Unemployment rate3.1 percent plus or minus 2.5
- Adults 25 and over2,436
- Adults 25 and over with a high school diploma or higher90.2 percent
- Adults 25 and over with a bachelor degree or higher15.2 percent plus or minus 4.9
- Adults 25 and over with a graduate degree3.4 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milaca
Housing in Milaca
- Housing units1,726
- Occupied units1,586
- Vacant units140 plus or minus 99
- Vacancy rate8.1 percent plus or minus 5.7
- Owner occupied926
- Renter occupied660 plus or minus 152
- Ownership rate58.4 percent
- Median owner-occupied home value$203,400
- Median gross rent, monthly$835
- Annual rent as a share of median income20.2 percent
- Single family units940
- Share single family54.5 percent
- Units in buildings of two or more659 plus or minus 187
- Share in buildings of two or more38.2 percent plus or minus 10.5
- Mobile homes127 plus or minus 58
- Median year structure built1978
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milaca
How Milaca gets to work
- Workers 16 and over who commute1,487
- Commuting under 15 minutes455 plus or minus 152
- Share commuting under 15 minutes30.6 percent plus or minus 9.8
- Commuting 30 minutes or more611 plus or minus 158
- Share commuting 30 minutes or more41.1 percent plus or minus 9.9
- Drove alone75.1 percent
- Carpooled9.2 percent plus or minus 6.5
- Public transport0.4 percent plus or minus 0.7
- Walked3.7 percent plus or minus 2.6
- Worked from home9.5 percent plus or minus 4.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milaca
SBA 7(a) lending to Milaca borrowers
- Approvals9
- Gross approval$4,459,000
- Average approval$495,444
- Median approval$250,000
- Ninetieth percentile approval$1,390,000
- Largest approval$1,390,000
- Jobs supported102
- Jobs per approval11.3
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises0.0 percent
- Distinct lenders7
- Distinct industries by NAICS9
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Milaca
SBA 504 lending to Milaca borrowers
- Approvals8
- Gross approval$5,185,000
- Average approval$648,125
- Median approval$568,000
- Largest approval$1,915,000
- Jobs supported40
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mille Lacs County, not Milaca
Mille Lacs County context, not Milaca figures
These are Mille Lacs County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Milaca measurements.
- Establishments in Mille Lacs County742
- Employment at those establishments, Mille Lacs County8,011
- Covered employment, Mille Lacs County9,372
- Average annual pay, Mille Lacs County$47,582
- Average weekly wage, Mille Lacs County$915
- Housing units permitted, Mille Lacs County162
- Of those, single family, Mille Lacs County82
- County product, 2024, Mille Lacs County$1,159,849,000
- County product change over the prior year, Mille Lacs County7.8 percent
- Average income of an arriving household, Mille Lacs County$62,873
Every figure in this section is published for Mille Lacs County as a whole and is not a measurement of Milaca. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Milaca questions, answered from the record.
How many people live in Milaca, Minnesota?
3,044, in 1,586 households. Milaca city covers 3.42 square miles of land, which is 890 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Milaca in?
Mille Lacs County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Milaca?
$49,588. The median owner-occupied home is valued at $203,400. Median gross rent is $835 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Milaca businesses?
9 7(a) approvals totalling $4.5 m, across 7 lenders, median approval $250,000, plus 8 504 approvals worth $5.2 m. These count approvals to borrowers whose address is in Milaca, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Milaca borrowers get paid back?
No rate is published for Milaca. only 4 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Milaca figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Mille Lacs County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Milaca.
Is zoning published for Milaca?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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