Millington, MD—21651
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millington, MD
As of Oct '25, the median home price in Millington, MD is $339,000, with a year-over-year change of 0.5%. This indicates that home prices in Millington, MD are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | 0.5% |
| Single Family | $339,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $324,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Millington, MD
Millington, MD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,750 | $1,750 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millington, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Millington, MD is 81. This is a increase of 6.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | 28.0% |
Listing Count | 6 | -25.0% |
| Listings as % of Homes | 0.6% | -25.0% |
Days on Market | 81 | 6.0% |
Demographics — Millington, MD
As of the latest ACS Survey released in 2023, Millington, MD has a population of 2,450, which has decreased by -10.5% over the past 5 years. Millington, MD is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,450 | -10.5% |
% Under 18 | 23.1% | 32.0% |
% Seniors | 17.0% | -8.6% |
% WFH | 2.7% | -71.0% |
% w/ College Degree | 17.0% | -29.2% |
As of the latest ACS Survey released in 2023, Millington, MD is a predominantly white area, with 75.8% of the population identifying as white. The white population has grown by 7.4% in the last 5 years. The second most common race or ethnicity in Millington, MD is hispanic, making up 11.4% of the population. Foreign-born residents account for 3.1% of the population in Millington, MD, and this percentage has decreased by 58.7% 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 | 75.8% | 7.4% |
% Black | 11.2% | -38.1% |
% Hispanic | 11.4% | 32.6% |
% Asian | 0.2% | -77.8% |
% Foreign Born | 3.1% | -58.7% |
Mortgage and Risk — Millington, MD
According to HUD data as of 2023, there were 54 mortgage originations in Millington, MD, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Millington, MD. Investor activity is low, as 0.0% 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 | 54 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Millington, MD
Millington, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,430 |
| 2 Bedroom | $0 | $1,750 | $1,750 |
| 3 Bedroom | $70 | $2,200 | $2,270 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Millington, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $339,000 |
| Median Household Income | $72,000 |