Home Values

Millington Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$104,300

  • 3.7% 1-year change
  • 3.2% 1-year forecast

The median home value in Millington is $104,300. Millington home values have gone up 3.7% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in Millington is $63, which is lower than the Memphis Metro average of $77. The median price of homes currently listed in Millington is $85,000 while the median price of homes that sold is $97,750. The median rent price in Millington is $895, which is lower than the Memphis Metro median of $925.

Foreclosures will be a factor impacting home values in the next several years. In Millington 6.0 homes are foreclosed (per 10,000). This is lower than the Memphis Metro value of 7.1 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Millington is 4.7%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Millington homeowners underwater on their mortgage is 25.3%, which is higher than Memphis Metro at 24.8%.

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Relative ZHVI
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Millington Market Overview

Data through Jan 31, 2015
  • $104,300 ZHVI
  • 3.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $85,000 Median listing price
  • $97,750 Median sale price
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Millington Market Health

Data through Jan 31, 2015
  • 2.8/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 25.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6 homes Millington
7.1 homes Memphis Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Lakeland $231,600
Arlington $202,600
Atoka $158,300
Name Median ZHVI
Bartlett $153,000
Munford $124,500
Brighton $124,400
Name Median ZHVI
Drummonds $119,500
Memphis $66,200
 

Listings & Sales

Data through Jan 31, 2015
  • $63 Median list price / sq ft
  • $63 Median sale price / sq ft
  • No data Listings with price cut
23.8%
Sold below listing
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Millington Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,010 Millington
    $1,065 Memphis Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $895 Rent list price
  • $0.70 Rent list price / sq ft
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