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Mill Plain

Learn about the people, housing, costs and businesses in Mill Plain, Connecticut

Median Home$829,100
Median Rent$2,990/month
Population1,744
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality6% professional services
Home Value Growth⬆⬆+18.1% over 2 years
Young Adults43% of residentstop 2% nationally
Homeowners84% of occupied units
NotableHigh Incomes$189k/year · top 1% nationally
NotableHighly Educated30% bachelor's · 27% graduate · top 9% nationally
Mill Plain
CT

Frequently Asked Questions

What are today's mortgage rates in Mill Plain?

As of today, the 30-year fixed mortgage rate for Mill Plain is approximately 6.941% (6.979% 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 Mill Plain?

The median home value in Mill Plain is $829k. The median monthly rent is $2,990. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mill Plain?

Home values in Mill Plain have increased 18.1% over the past two years. This indicates a strong appreciation trend. 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 Mill Plain?

Based on a typical all-in ownership cost of $2,902/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $124k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mill Plain is $189k/year.

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What industries drive the economy in Mill Plain?

The largest employment sectors in Mill Plain are public administration (28%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.