Millbrook, AL—36054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millbrook, AL
As of Oct '25, the median home price in Millbrook, AL is $213,000, with a year-over-year change of 4.0%. This indicates that home prices in Millbrook, AL are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 4.0% |
| Single Family | $216,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | 6.4% |
3 Bed | $203,000 | 4.6% |
4 Bed | $303,000 | 3.4% |
| 5 Bed | $419,000 | 4.5% |
% of Housing Stock
Rental Trends — Millbrook, AL
As of July '25, Rentcast reports the average rent in Millbrook, AL is $1,530, with a year-over-year rent change of 11.7%. Per bedroom, the median rent as of July '25 in Millbrook, AL is 2-bedrooms: $1,300, 3-bedrooms: $1,470, 4-bedrooms: $1,890. The most common rental property sizes in Millbrook, AL are 2-bedroom and 3-bedroom, accounting for 45.7% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,300 | $1,470 |
| 4 Bed Rent | $1,800 | $1,890 |
% of Rental Stock
Property Listings — Millbrook, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Millbrook, AL is 46. This is a decrease of -12.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 4.0% |
Listing Count | 54 | 50.0% |
| Listings as % of Homes | 0.4% | 50.0% |
Days on Market | 46 | -12.0% |
Demographics — Millbrook, AL
As of the latest ACS Survey released in 2023, Millbrook, AL has a population of 14,900, which has decreased by -7.4% over the past 5 years. Millbrook, AL is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,900 | -7.4% |
% Under 18 | 23.5% | -15.2% |
% Seniors | 15.7% | 61.9% |
% WFH | 7.4% | 196.0% |
% w/ College Degree | 28.1% | 6.0% |
As of the latest ACS Survey released in 2023, Millbrook, AL is a predominantly white area, with 60.0% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Millbrook, AL is black, making up 27.2% of the population. Foreign-born residents account for 3.4% of the population in Millbrook, AL, and this percentage has increased by 78.9% 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 | 60.0% | -7.0% |
% Black | 27.2% | -2.2% |
% Hispanic | 6.9% | 50.0% |
% Asian | 1.5% | 400.0% |
% Foreign Born | 3.4% | 78.9% |
Mortgage and Risk — Millbrook, AL
According to HUD data as of 2023, there were 286 mortgage originations in Millbrook, AL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Millbrook, AL. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Millbrook, AL
Millbrook, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | -$310 | $1,300 | $990 |
| 3 Bedroom | -$40 | $1,300 | $1,260 |
| 4 Bedroom | -$220 | $1,800 | $1,580 |
Affordability — Millbrook, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $213,000 |
| Median Household Income | $61,000 |