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Millerville

Learn about the people, housing, costs and businesses in Millerville, Alabama

Median Home$113,471
Median Rent$595/month
Population310
Leading IndustriesInformation & Media · Retail · Wholesale Trade14% information & media
Home Value Growth⬆⬆⬆+31.6% over 2 years
Young Adults26% of residents
Homeowners90% of occupied units
NotableAffordable Market$113k median home · lower cost than 87% of the country
Millerville
AL

Frequently Asked Questions

What are today's mortgage rates in Millerville?

As of today, the 30-year fixed mortgage rate for Millerville is approximately 6.953% (6.994% 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 Millerville?

The median home value in Millerville is $113k. The median monthly rent is $595. Annual property taxes average $234. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millerville?

Home values in Millerville have increased 31.6% 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 Millerville?

Based on a typical all-in ownership cost of $469/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millerville is $69k/year.

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What industries drive the economy in Millerville?

The largest employment sectors in Millerville are retail (27%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.