Milliken, CO—80543
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milliken, CO
As of Oct '25, the median home price in Milliken, CO is $448,000, with a year-over-year change of -1.1%. This indicates that home prices in Milliken, CO are decreasing. 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 | $448,000 | -1.2% |
| Single Family | $449,000 | -1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $363,000 | -1.6% |
3 Bed | $444,000 | -0.9% |
4 Bed | $465,000 | -2.1% |
| 5 Bed | $518,000 | -1.5% |
% of Housing Stock
Rental Trends — Milliken, CO
As of July '25, Rentcast reports the average rent in Milliken, CO is $2,040, with a year-over-year rent change of 9.1%. Per bedroom, the median rent as of July '25 in Milliken, CO is 1-bedrooms: $1,380, 2-bedrooms: $1,680, 3-bedrooms: $2,300, 4-bedrooms: $2,810. The most common rental property sizes in Milliken, CO are 3-bedroom and 2-bedroom, accounting for 50.7% and 41.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,380 |
| 2 Bed Rent | $1,630 | $1,680 |
| 3 Bed Rent | $2,000 | $2,300 |
| 4 Bed Rent | $2,680 | $2,810 |
% of Rental Stock
Property Listings — Milliken, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Milliken, CO is 46. This is a increase of 5.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | 3.0% |
Listing Count | 56 | 12.0% |
| Listings as % of Homes | 1.2% | 12.0% |
Days on Market | 46 | 5.0% |
Demographics — Milliken, CO
As of the latest ACS Survey released in 2023, Milliken, CO has a population of 9,340, which has increased by 33.4% over the past 5 years. Milliken, CO is a popular place for families, as children make up 27.6% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,340 | 33.4% |
% Under 18 | 27.6% | -1.1% |
% Seniors | 8.2% | -3.5% |
% WFH | 15.0% | 206.1% |
% w/ College Degree | 29.7% | 88.0% |
As of the latest ACS Survey released in 2023, Milliken, CO is a predominantly white area, with 82.6% of the population identifying as white. The white population has grown by 13.2% in the last 5 years. The second most common race or ethnicity in Milliken, CO is hispanic, making up 15.9% of the population. Foreign-born residents account for 2.3% of the population in Milliken, CO, and this percentage has decreased by 47.7% 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 | 82.6% | 13.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 15.9% | -34.8% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 2.3% | -47.7% |
Mortgage and Risk — Milliken, CO
According to HUD data as of 2023, there were 417 mortgage originations in Milliken, CO, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Milliken, CO. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 417 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Milliken, CO
As of 2024, the percent of homes in Milliken, CO under the Section 8 program is 6.5%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Milliken, CO, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,400 | $1,330 |
| 2 Bedroom | $40 | $1,630 | $1,670 |
| 3 Bedroom | $350 | $2,000 | $2,350 |
| 4 Bedroom | -$20 | $2,680 | $2,660 |
Affordability — Milliken, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $448,000 |
| Median Household Income | $95,100 |