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Millheim

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

Median Home$260,200
Median Rent$983/month
Population846
Leading IndustriesWholesale Trade · Retail11% wholesale trade
Home Value Growth-4.5% over 2 years
Retirees26% of residentsabove average nationally
Homeowners86% of occupied units
Millheim
PA

Frequently Asked Questions

What are today's mortgage rates in Millheim?

As of today, the 30-year fixed mortgage rate for Millheim is approximately 6.992% (7.032% 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 Millheim?

The median home value in Millheim is $260k. The median monthly rent is $983. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millheim?

Home values in Millheim have decreased 4.5% over the past two years. Buyers may find more negotiating room in this market. 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 Millheim?

Based on a typical all-in ownership cost of $1,158/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millheim is $75k/year.

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What industries drive the economy in Millheim?

The largest employment sectors in Millheim are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.