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Millwood

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

Median Home$210,139
Median Rent$1,133/month
Population3,127
Leading IndustriesManufacturing · Education · Information & Media3% manufacturing
Home Value Growth⬆⬆⬆+31.0% over 2 years
Retirees33% of residentstop 2% nationally
Homeowners80% of occupied units
NotableVeteran Community15% of residents · top 1% nationally
Millwood
OK

Frequently Asked Questions

What are today's mortgage rates in Millwood?

As of today, the 30-year fixed mortgage rate for Millwood is approximately 7.011% (7.054% 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 $210k. The median monthly rent is $1,133. 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 31.0% 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 $1,005/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millwood is $75k/year.

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What industries drive the economy in Millwood?

The largest employment sectors in Millwood are public administration (19%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.