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Milroy

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

Median Home$140,800
Median Rent$839/month
Population1,554
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services21% healthcare
Home Value Growth⬆⬆+19.3% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners82% of occupied units
NotableHighly Educated24% bachelor's · 18% graduate · top 21% nationally
NotableAffordable Market$141k median home · lower cost than 78% of the country
Milroy
PA

Frequently Asked Questions

What are today's mortgage rates in Milroy?

As of today, the 30-year fixed mortgage rate for Milroy is approximately 6.844% (6.878% 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 Milroy?

The median home value in Milroy is $141k. The median monthly rent is $839. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Milroy?

Home values in Milroy have increased 19.3% 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 Milroy?

Based on a typical all-in ownership cost of $807/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milroy is $74k/year.

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What industries drive the economy in Milroy?

The largest employment sectors in Milroy are healthcare (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.