Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Millington

Learn about the people, housing, costs and businesses in Millington, Illinois

Median Home$307,724
Median Rent$1,479/month
Population665
Leading IndustriesInformation & Media · Wholesale Trade · Finance & Insurance10% information & media
Home Value Growth⬆⬆+12.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners85% of occupied units
NotableHigh Incomes$102k/year · top 16% nationally
Millington
IL

Frequently Asked Questions

What are today's mortgage rates in Millington?

As of today, the 30-year fixed mortgage rate for Millington is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Millington
What is the median home price in Millington?

The median home value in Millington is $308k. The median monthly rent is $1,479. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millington?

Home values in Millington have increased 12.4% 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?

Based on a typical all-in ownership cost of $1,743/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 is $102k/year.

Calculate your buying power
What industries drive the economy in Millington?

The largest employment sectors in Millington are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.