Millbrook, NY—12545
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millbrook, NY
Millbrook, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $644,000 | 5.6% |
| Single Family | $670,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $419,000 | 2.2% |
3 Bed | $591,000 | 5.2% |
4 Bed | $862,000 | 5.1% |
| 5 Bed | $2,084,000 | 3.6% |
% of Housing Stock
Rental Trends — Millbrook, NY
As of July '25, Rentcast reports the average rent in Millbrook, NY is $3,670, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Millbrook, NY is 1-bedrooms: $1,830, 2-bedrooms: $2,500, 3-bedrooms: $4,890, 4-bedrooms: $9,500. The most common rental property sizes in Millbrook, NY are 2-bedroom and 1-bedroom, accounting for 40.5% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $3,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,830 |
| 2 Bed Rent | $2,440 | $2,500 |
| 3 Bed Rent | $3,500 | $4,890 |
| 4 Bed Rent | $9,500 | $9,500 |
% of Rental Stock
Property Listings — Millbrook, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Millbrook, NY is 65. This is a increase of 16.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,080,000 | 39.0% |
Listing Count | 34 | 32.0% |
| Listings as % of Homes | 1.0% | 32.0% |
Days on Market | 65 | 16.0% |
Demographics — Millbrook, NY
As of the latest ACS Survey released in 2023, Millbrook, NY has a population of 4,390, which has decreased by -7.6% over the past 5 years. Millbrook, NY is a less popular place for families, as children make up 12.6% of the population. The area has a moderately educated workforce, with 41.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,390 | -7.6% |
% Under 18 | 12.6% | -27.2% |
% Seniors | 31.6% | 30.0% |
% WFH | 22.4% | 85.1% |
% w/ College Degree | 41.2% | -1.7% |
As of the latest ACS Survey released in 2023, Millbrook, NY is a predominantly white area, with 84.9% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Millbrook, NY is hispanic, making up 9.0% of the population. Foreign-born residents account for 8.5% of the population in Millbrook, NY, and this percentage has decreased by 1.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.9% | 0.1% |
% Black | 1.8% | -64.7% |
% Hispanic | 9.0% | 13.9% |
% Asian | 2.3% | 228.6% |
% Foreign Born | 8.5% | -1.2% |
Mortgage and Risk — Millbrook, NY
According to HUD data as of 2023, there were 54 mortgage originations in Millbrook, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Millbrook, NY. Investor activity is low, as 6.0% 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 | 54 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 6.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Millbrook, NY
As of 2024, the percent of homes in Millbrook, NY under the Section 8 program is 1.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Millbrook, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $1,850 | $1,300 |
| 2 Bedroom | -$780 | $2,440 | $1,660 |
| 3 Bedroom | -$1,380 | $3,500 | $2,120 |
| 4 Bedroom | -$7,190 | $9,500 | $2,310 |
Affordability — Millbrook, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $644,000 |
| Median Household Income | $78,000 |