Millry, AL—36558
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millry, AL
As of Oct '25, the median home price in Millry, AL is $167,000, with a year-over-year change of 2.4%. This indicates that home prices in Millry, AL are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $167,000 | 2.4% |
| Single Family | $168,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Millry, AL
Millry, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millry, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Millry, AL is 84. This is a decrease of -25.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 89.0% |
Listing Count | 6 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 84 | -25.0% |
Demographics — Millry, AL
As of the latest ACS Survey released in 2023, Millry, AL has a population of 4,500, which has increased by 31.9% over the past 5 years. Millry, AL is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,500 | 31.9% |
% Under 18 | 20.3% | -6.9% |
% Seniors | 19.7% | -14.3% |
% WFH | 3.3% | 32.0% |
% w/ College Degree | 19.7% | 23.9% |
As of the latest ACS Survey released in 2023, Millry, AL is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Millry, AL is black, making up 16.6% of the population. Foreign-born residents account for 1.0% of the population in Millry, AL, and this percentage has decreased by 50.0% 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 | 71.2% | -9.2% |
% Black | 16.6% | -13.1% |
% Hispanic | 4.6% | 1,433.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -50.0% |
Mortgage and Risk — Millry, AL
According to HUD data as of 2023, there were 18 mortgage originations in Millry, AL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Millry, AL. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 18 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Millry, AL
Millry, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Millry, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $167,000 |
| Median Household Income | $59,400 |