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Milburn

Learn about the people, housing, costs and businesses in Milburn, Oklahoma

Median Home$103,800
Median Rent$757/month
Population258
Leading IndustriesManufacturing · Agriculture & Mining · Construction2% manufacturing
Home Value Growth+9.6% over 2 years
Young Adults29% of residentsslightly above average
Homeowners77% of occupied units
NotableAffordable Market$104k median home · lower cost than 91% of the country
Milburn
OK

Frequently Asked Questions

What are today's mortgage rates in Milburn?

As of today, the 30-year fixed mortgage rate for Milburn is approximately 7.068% (7.113% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Milburn?

The median home value in Milburn is $104k. The median monthly rent is $757. Annual property taxes average $526. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Milburn?

Home values in Milburn have increased 9.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Milburn?

Based on a typical all-in ownership cost of $541/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milburn is $51k/year.

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What industries drive the economy in Milburn?

The largest employment sectors in Milburn are public administration (25%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.