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Millwood

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

Median Home$173,800
Median Rent$968/month
Population503
Leading IndustriesArts, Food & Hospitality · Healthcare · Education13% arts, food & hospitality
Home Value Growth⬆⬆+20.0% over 2 years
Young Adults41% of residentstop 2% nationally
Homeowners82% of occupied units
NotableHighly Educated33% bachelor's · 17% graduate · top 5% nationally
NotableVeteran Community9% of residents · top 22% nationally
Millwood
PA

Frequently Asked Questions

What are today's mortgage rates in Millwood?

As of today, the 30-year fixed mortgage rate for Millwood is approximately 6.853% (6.888% 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 $174k. The median monthly rent is $968. 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 20.0% 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 Millwood?

Based on a typical all-in ownership cost of $798/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millwood is $74k/year.

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What industries drive the economy in Millwood?

The largest employment sectors in Millwood are public administration (25%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.