Millville, MA—01529
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millville, MA
As of Oct '25, the median home price in Millville, MA is $492,000, with a year-over-year change of 1.2%. This indicates that home prices in Millville, MA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $492,000 | 1.2% |
| Single Family | $515,000 | 1.2% |
| Condos | $301,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $326,000 | -0.9% |
3 Bed | $494,000 | 0.8% |
4 Bed | $630,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Millville, MA
Millville, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,350 | $2,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millville, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Millville, MA is 76. This is a increase of 171.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $669,000 | 49.0% |
Listing Count | 5 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 76 | 171.0% |
Demographics — Millville, MA
As of the latest ACS Survey released in 2023, Millville, MA has a population of 3,160, which has decreased by -2.7% over the past 5 years. Millville, MA is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,160 | -2.7% |
% Under 18 | 17.8% | -26.7% |
% Seniors | 16.4% | 42.6% |
% WFH | 8.7% | 85.1% |
% w/ College Degree | 31.3% | 12.2% |
As of the latest ACS Survey released in 2023, Millville, MA is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Millville, MA is black, making up 1.2% of the population. Foreign-born residents account for 6.1% of the population in Millville, MA, and this percentage has increased by 154.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.8% | -5.8% |
% Black | 1.2% | 140.0% |
% Hispanic | 1.2% | 9.1% |
% Asian | 0.8% | ∞% |
% Foreign Born | 6.1% | 154.2% |
Mortgage and Risk — Millville, MA
According to HUD data as of 2023, there were 77 mortgage originations in Millville, MA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Millville, MA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 77 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Millville, MA
Millville, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | N/A | N/A | $1,710 |
| 3 Bedroom | $50 | $2,350 | $2,400 |
| 4 Bedroom | N/A | N/A | $2,680 |
Affordability — Millville, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $492,000 |
| Median Household Income | $116,000 |