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Millwood

Learn about the people, housing, costs and businesses in Millwood, Georgia

Median Home$157,900
Median Rent$640/month
Population71
Leading IndustriesTransportation · Public Administration · Retail4% transportation
Home Value Growth⬆⬆⬆+35.8% over 2 years
Retirees28% of residentswell above average
Homeowners70% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$158k median home · lower cost than 71% of the country
Millwood
GA

Frequently Asked Questions

What are today's mortgage rates in Millwood?

As of today, the 30-year fixed mortgage rate for Millwood is approximately 6.979% (7.018% 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 Millwood?

The median home value in Millwood is $158k. The median monthly rent is $640. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millwood?

Home values in Millwood have increased 35.8% 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 Millwood?

Based on a typical all-in ownership cost of $687/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millwood is $57k/year.

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What industries drive the economy in Millwood?

The largest employment sectors in Millwood are public administration (29%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.