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Millbury

Learn about the people, housing, costs and businesses in Millbury, Ohio

Median Home$197,300
Median Rent$839/month
Population1,092
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation14% healthcare
Home Value Growth+9.8% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners75% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Millbury
OH

Frequently Asked Questions

What are today's mortgage rates in Millbury?

As of today, the 30-year fixed mortgage rate for Millbury is approximately 6.887% (6.923% 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 Millbury?

The median home value in Millbury is $197k. The median monthly rent is $839. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millbury?

Home values in Millbury have increased 9.8% 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 Millbury?

Based on a typical all-in ownership cost of $1,018/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millbury is $76k/year.

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What industries drive the economy in Millbury?

The largest employment sectors in Millbury are public administration (19%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.