The Most Affordable Neighborhoods in Millington, TN by Home Value

These days, finding an affordable place to live in the Millington area can be challenging. Home prices in Millington are now at a median cost of $216,602, lower than the Tennessee average of $315,131.

The average cost of rent is $1,204/mo in Millington, primarily driven by the current value of real estate in the Millington area. In Millington, 34.10% of households rent, and 44.52% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Millington is $5,709 per month. Households that rent pay about 21.08% of their income on rent here. Millington’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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