Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Millbrook area can be challenging. Home prices in Millbrook are now at a median cost of $165,798, lower than the Grand Rapids average of $221,016.
The average cost of rent is $1,139/mo in Millbrook, primarily driven by the current value of real estate in the Millbrook area. While nearly 50.11% of residents own their homes outright in Millbrook, 51.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Millbrook is $4,825 per month. Households that rent pay about 23.60% of their income on rent here. Millbrook's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Alger Heights, Grand Rapids, MI: equally priced homes
- South East End, Grand Rapids, MI: equally priced homes
- Garfield Park, Grand Rapids, MI: less expensive homes
- Fuller Avenue, Grand Rapids, MI: equally priced homes
- Madison Area, Grand Rapids, MI: less expensive homes
- South East Community, Grand Rapids, MI: less expensive homes
- Eastown, Grand Rapids, MI: higher priced homes
- Roosevelt Park, Grand Rapids, MI: less expensive homes
- East Hills, Grand Rapids, MI: higher priced homes
- Heritage Hill, Grand Rapids, MI: higher priced homes
Neighborhoods with Similar Populations
- South Tabor, Portland, OR: higher priced homes
- Foothills, Henderson, NV: higher priced homes
- Franklin Heights, Milwaukee, WI: less expensive homes
- Grandmont-Rosedale, Detroit, MI: less expensive homes
- Gross Point, Wilmette, IL: higher priced homes
- Hillcrest-Bakersfield, Bakersfield, CA: equally priced homes
- Homaker Park, Bakersfield, CA: less expensive homes
- Idlewild South, Charlotte, NC: equally priced homes
- Inglewood-Riverwood, Nashville, TN: higher priced homes
- Inverness, Hoover, AL: higher priced homes
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