Village Mills77663

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$203,000
1.1% YoY Growth
Median Household Income
$74,000
N/A
Days on Market
69
41.0% Longer than last year
Home Price Forecast
-4.2%
Median 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

Property Listings — Village Mills

As of Aug '25 and according to Realtor.com, the median days on market for a home in Village Mills is 69. This is an increase of 41.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$244,0000.0%
Listing Count
28N/A
Listings as % of Homes5.6%N/A
Days on Market
6941.0%
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Demographics — Village Mills

MetricLatest CensusYoY % Change
Population
309-78.4%
% Under 18
11.3%-46.7%
% Under 5N/AN/A
% Seniors
19.4%-44.7%
% WFH
21.7%90.4%
% w/ College Degree
9.9%11.2%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
96.1%-3.9%
% Black
0.0%N/A
% Hispanic
3.9%∞%
% Asian
0.0%N/A
% Foreign Born
0.0%N/A
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Mortgage and Risk — Village Mills

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Village Mills in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Village Mills. Investor activity in Village Mills is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
N/AN/AN/A
% Conventional Loans
N/AN/AN/A
% Government Loans
N/AN/AN/A
% Investor Loans
N/AN/AN/A
% Second Loans
N/AN/AN/A
% Cash Out Refinance
N/AN/AN/A
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Rentals and Section 8 — Village Mills

As of 2024, the percent of homes in Village Mills under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
N/A
Total Units Section 8
N/A
% Rentals under Section 8
3.3%
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$840
2 BedroomN/AN/A$1,020
3 BedroomN/AN/A$1,330
4 BedroomN/AN/A$1,460

Affordability — Village Mills

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio2.6N/AN/A
Median Home Price$203,000N/AN/A
Median Household Income$74,000N/AN/A

Village Mills — ZIP Code Boundary Map

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