Millington, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Millington Neighborhoods Since 2000




Millington, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Millington Housing Market Information

With a population of 1,037, 400 total housing units (homes and apartments), and a median house value of $136,543, house prices in Millington are solidly below the national average.

Single-family detached homes are the single most common housing type in Millington, accounting for 78.14% of the village's housing units. Other types of housing that are prevalent in Millington include large apartment complexes or high rise apartments ( 11.16%), duplexes, homes converted to apartments or other small apartment buildings ( 9.77%).

The most prevalent building size and type in Millington are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 56.50% owning and 43.50% renting.

The housing in Millington was primarily built before 1939 ( 36.51%), making the housing stock in Millington some of the oldest overall in America, although there is a range of ages of homes in Millington. The next most important housing age is between 1940-1969 ( 35.81%), followed by between 1970-1999 ( 22.09%). There's also some housing in Millington built between 2000 and later ( 5.58%).

Millington Home Appreciation Rates

Homes have actually lost value in Millington over the last then years, as home values have seen a decline of 23.39% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Millington home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Millington appreciation rates have trailed the rest of the nation. In the last twelve months, Millington's appreciation rate has been 2.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Millington were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Millington's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$136,543

Millington, MI HOME PRICES

Value Range
> $1,107,000 0.0
$831,001 - $1,107,000 0.0
$553,001 - $831,000 0.0
$443,001 - $553,000 1.0
$332,001 - $443,000 3.5
$221,001 - $332,000 8.4
$110,001 - $221,000 40.3
$55,001 - $110,000 34.5
$0 - $55,000 12.3

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
56.4045470526193 45.6730769230769

Number Of Homes And Apartments:
400

Millington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-10.77% -0.66% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 56.50
Renters 43.50
Vacant 6.98

Housing Market Details

 

Age of Homes

AGE OF Millington HOMES
2000 or Newer 5.6
1970 - 1999 22.1
1940 - 1969 35.8
1939 or Older 36.5

Types of Homes

TYPE OF Millington HOMES
Single-Family 78.1
Townhomes 0.5
Small Apt. Buildings 9.8
Apt. Complexes 11.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Millington HOMES
No Bedroom 2.33
1 Bedroom 10.93
2 Bedrooms 32.79
3 Bedrooms 44.65
4 Bedrooms 8.84
5 or more bedrooms 0.47