Millington, MI—48746
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millington, MI
Millington, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | 4.5% |
| Single Family | $217,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | 6.1% |
3 Bed | $225,000 | 5.6% |
4 Bed | $277,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Millington, MI
As of July '25, Rentcast reports the average rent in Millington, MI is $2,500, with a year-over-year rent change of 270.9%. Per bedroom, the median rent as of July '25 in Millington, MI is 2-bedrooms: $2,500. The most common rental property sizes in Millington, MI are 2-bedroom and 1-bedroom, accounting for 42.1% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millington, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Millington, MI is 58. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -3.0% |
Listing Count | 30 | 35.0% |
| Listings as % of Homes | 0.4% | 35.0% |
Days on Market | 58 | -1.0% |
Demographics — Millington, MI
As of the latest ACS Survey released in 2023, Millington, MI has a population of 8,150, which has increased by 1.8% over the past 5 years. Millington, MI is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,150 | 1.8% |
% Under 18 | 19.1% | 0.5% |
% Seniors | 19.9% | 5.9% |
% WFH | 3.0% | -6.2% |
% w/ College Degree | 10.0% | -21.9% |
As of the latest ACS Survey released in 2023, Millington, MI is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Millington, MI is hispanic, making up 1.9% of the population. Foreign-born residents account for 0.5% of the population in Millington, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.6% | -4.1% |
% Black | 0.8% | 300.0% |
% Hispanic | 1.9% | 72.7% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 0.5% | 0.0% |
Mortgage and Risk — Millington, MI
According to HUD data as of 2023, there were 161 mortgage originations in Millington, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Millington, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Millington, MI
Millington, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | -$1,520 | $2,500 | $980 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Millington, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $217,000 |
| Median Household Income | $67,900 |