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Millbourne

Learn about the people, housing, costs and businesses in Millbourne, Pennsylvania

Median Home$184,600
Median Rent$1,268/month
Population1,068
Leading IndustriesFinance & Insurance · Information & Media10% finance & insurance
Home Value Growth⬆⬆⬆+24.3% over 2 years
Young Adults32% of residentsabove average nationally
Renters51% of occupied units
NotableTransit88/100 · excellent transit access
NotableAmenity Score69/100 · highly walkable area
Millbourne
PA

Frequently Asked Questions

What are today's mortgage rates in Millbourne?

As of today, the 30-year fixed mortgage rate for Millbourne is approximately 6.975% (7.017% 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 Millbourne?

The median home value in Millbourne is $185k. The median monthly rent is $1,268. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millbourne?

Home values in Millbourne have increased 24.3% 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 Millbourne?

Based on a typical all-in ownership cost of $1,079/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millbourne is $63k/year.

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What industries drive the economy in Millbourne?

The largest employment sectors in Millbourne are public administration (20%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.