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Mill River

Learn about the people, housing, costs and businesses in Mill River, Vermont

Median Home$265,015
Median Rent$1,080/month
Population6,354
Leading IndustriesPublic Administration · Education · Wholesale Trade31% public administration
Home Value Growth⬆⬆⬆+27.3% over 2 years
Retirees26% of residentswell above average
Homeowners86% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Mill River
VT

Frequently Asked Questions

What are today's mortgage rates in Mill River?

As of today, the 30-year fixed mortgage rate for Mill River is approximately 6.939% (6.977% 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 River?

The median home value in Mill River is $265k. The median monthly rent is $1,080. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mill River?

Home values in Mill River have increased 27.3% 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 River?

Based on a typical all-in ownership cost of $1,121/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mill River is $72k/year.

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What industries drive the economy in Mill River?

The largest employment sectors in Mill River are public administration (31%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.