Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Milltown

Learn about the people, housing, costs and businesses in Milltown, South Dakota

Median Home$172,100
Median Rent$760/month
Population9
Leading IndustriesWholesale Trade · Transportation21% wholesale trade
Home Value Growth⬆⬆⬆+50.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners75% of occupied units
NotableTransit80/100 · excellent transit access
Milltown
SD

Frequently Asked Questions

What are today's mortgage rates in Milltown?

As of today, the 30-year fixed mortgage rate for Milltown is approximately 6.995% (7.035% 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 Milltown
What is the median home price in Milltown?

The median home value in Milltown is $172k. The median monthly rent is $760. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Milltown?

Home values in Milltown have increased 50.0% 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 Milltown?

Based on a typical all-in ownership cost of $779/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milltown is $72k/year.

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

The largest employment sectors in Milltown are public administration (22%) and wholesale trade (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.