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Millington

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

Median Home$168,618
Median Rent$1,001/month
Population1,038
Leading IndustriesWholesale Trade · Manufacturing · Agriculture & Mining14% wholesale trade
Home Value Growth⬆⬆+19.9% over 2 years
Family-Friendly29% of residentswell above average
Homeowners91% of occupied units
Millington
MI

Frequently Asked Questions

What are today's mortgage rates in Millington?

As of today, the 30-year fixed mortgage rate for Millington is approximately 6.923% (6.960% 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?

The median home value in Millington is $169k. The median monthly rent is $1,001. Annual property taxes average $2k. 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 19.9% 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 $880/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millington is $70k/year.

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What industries drive the economy in Millington?

The largest employment sectors in Millington are public administration (25%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.