Millersville, PA—17551
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millersville, PA
As of Oct '25, the median home price in Millersville, PA is $344,000, with a year-over-year change of 4.3%. This indicates that home prices in Millersville, PA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 4.3% |
| Single Family | $350,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $280,000 | 4.9% |
3 Bed | $331,000 | 4.1% |
4 Bed | $453,000 | 4.6% |
| 5 Bed | $612,000 | 5.9% |
% of Housing Stock
Rental Trends — Millersville, PA
As of July '25, Rentcast reports the average rent in Millersville, PA is $1,730, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Millersville, PA is 1-bedrooms: $1,280, 2-bedrooms: $1,540, 3-bedrooms: $1,820, 4-bedrooms: $3,100. The most common rental property sizes in Millersville, PA are 3-bedroom and 1-bedroom, accounting for 34.9% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,280 |
| 2 Bed Rent | $1,500 | $1,540 |
| 3 Bed Rent | $1,800 | $1,820 |
| 4 Bed Rent | $2,800 | $3,100 |
% of Rental Stock
Property Listings — Millersville, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Millersville, PA is 54. This is a decrease of -74.0% from last year, suggesting that homes are sitting on the market shorter 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 | $446,000 | -1.0% |
Listing Count | 24 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 54 | -74.0% |
Demographics — Millersville, PA
As of the latest ACS Survey released in 2023, Millersville, PA has a population of 11,900, which has increased by 4.1% over the past 5 years. Millersville, PA is a less popular place for families, as children make up 13.7% of the population. The area has a moderately educated workforce, with 40.4% 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 | 11,900 | 4.1% |
% Under 18 | 13.7% | -5.5% |
% Seniors | 13.7% | -8.1% |
% WFH | 8.7% | 569.2% |
% w/ College Degree | 40.4% | 6.9% |
As of the latest ACS Survey released in 2023, Millersville, PA is a predominantly white area, with 75.7% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Millersville, PA is hispanic, making up 8.8% of the population. Foreign-born residents account for 8.0% of the population in Millersville, PA, and this percentage has increased by 77.8% 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 | 75.7% | -12.8% |
% Black | 3.2% | -20.0% |
% Hispanic | 8.8% | 79.6% |
% Asian | 7.1% | 208.7% |
% Foreign Born | 8.0% | 77.8% |
Mortgage and Risk — Millersville, PA
According to HUD data as of 2023, there were 119 mortgage originations in Millersville, PA, of which 93.0% 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 Millersville, PA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Millersville, PA
As of 2024, the percent of homes in Millersville, PA under the Section 8 program is 8.1%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Millersville, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 135 |
Total Units Section 8 | 135 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 97.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,320 | $1,450 |
| 2 Bedroom | $330 | $1,500 | $1,830 |
| 3 Bedroom | $590 | $1,800 | $2,390 |
| 4 Bedroom | -$370 | $2,800 | $2,430 |
Affordability — Millersville, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $344,000 |
| Median Household Income | $69,700 |