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Millington Community Schools

Learn about the people, housing, costs and businesses in Millington Community Schools, Michigan

Median Home$310,416
Median Rent$1,699/month
Population248,930
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing8% finance & insurance
Home Value Growth⬆⬆+14.6% over 2 years
Family-Friendly27% of residentswell above average
Homeowners76% of occupied units
NotableHigh Incomes$106k/year · top 11% nationally
NotableHighly Educated24% hold a bachelor's degree · top 17% nationally
Millington Community Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Millington Community Schools?

As of today, the 30-year fixed mortgage rate for Millington Community Schools is approximately 6.927% (6.964% 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 Millington Community Schools?

The median home value in Millington Community Schools is $310k. The median monthly rent is $1,699. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millington Community Schools?

Home values in Millington Community Schools have increased 14.6% 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 Millington Community Schools?

Based on a typical all-in ownership cost of $1,750/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millington Community Schools is $106k/year.

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What industries drive the economy in Millington Community Schools?

The largest employment sectors in Millington Community Schools are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.