Mille Lacs, MN Sees 31 Home Flips with $36K Average Gross Profit
The Minnesota county recorded a 16.3% gross ROI on average for properties resold within 12 months, indicating focused investor activity.
Real estate investors in Mille Lacs, Minnesota, engaged in 31 residential home flips over the trailing 12-month period ending July 2026, according to BatchData's Flip Activity Report. These properties, bought and resold within a year, generated an average gross profit of $36,000 per flip. This activity signals a vibrant segment of the local housing market driven by investors seeking to capitalize on property value improvements and efficient capital turns.
County Overview
The 31 homes flipped in Mille Lacs County represent properties that underwent significant investor attention, with a purchase and resale cycle completed within 12 months. The average gross profit of $36,000 per flip provides a clear picture of the potential returns for investors in this market. Importantly, this figure is a gross profit, calculated before accounting for rehabilitation costs, holding expenses, and selling fees, which are critical considerations for real estate investing strategies.
The average gross ROI for these flips stood at 16.3%, reflecting the efficiency with which investors are turning their capital in Mille Lacs. This gross ROI percentage is a key indicator of market attractiveness, as it measures the profit against the initial purchase price. Furthermore, the average time to flip these properties was 189 days, which places most of these transactions squarely in the category of properties held for 6-12 months, signaling a strategy that balances quick turnaround with value-add improvements. This average hold length is a crucial metric for investors planning their capital deployment and project timelines.
Local Market Context
Mille Lacs County's flipping activity, while robust at the local level, represents a smaller share of the broader Minnesota market. The county ranks #34 among the 85 counties in Minnesota for flip volume, contributing 0.5% to the state's total of 6,104 residential home flips. This positioning suggests that while Mille Lacs is not a primary hub for flipping activity within the state, it maintains a consistent presence that offers opportunities for targeted investors. For comparison, the national total for residential home flips stands at 341,944, underscoring the localized nature of Mille Lacs' market within the much larger U.S. landscape.
The average days to flip in Mille Lacs County, at 189 days, highlights a market where investors are generally holding properties for just over six months. This duration indicates a strategic approach to renovations and market timing, aiming to maximize returns within the one-year flip window. Investors interested in this market can leverage property data to identify potential properties, analyze market trends through market reports, and monitor activity using tools like smart monitoring to pinpoint opportunities that align with these hold lengths and gross profit margins. Understanding these local dynamics is crucial for investors developing acquisition and disposition strategies in the region.