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Affordable
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These days, finding an affordable place to live in the Millwood area can be challenging. Home prices in Millwood are now at a median cost of $137,149, lower than the Kentucky average of $219,615.
The average cost of rent is $744/mo in Millwood, primarily driven by the current value of real estate in the Millwood area. In Millwood, 22.59% of households rent, and 63.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Millwood is $3,788 per month. Households that rent pay about 19.65% of their income on rent here. Millwood’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.
Nearby Cities
- Caneyville, KY: equally priced homes
- Shrewsbury, KY: higher priced homes
- Leitchfield, KY: higher priced homes
- Smithview, KY: equally priced homes
- Ready, KY: equally priced homes
- Pine Knob, KY: higher priced homes
- Tilford, KY: less expensive homes
- Tar Hill, KY: higher priced homes
- Falls Of Rough, KY: equally priced homes
- Steff, KY: equally priced homes
Cities with Similar Populations
- South Levant, ME: higher priced homes
- Hickory Valley, TN: equally priced homes
- Hilshire Village, TX: higher priced homes
- Hinkleville, WV: higher priced homes
- Indrio, FL: higher priced homes
- Keithsburg, IL: less expensive homes
- Kirkwood, IL: less expensive homes
- Long Cane, GA: higher priced homes
- Rollag, MN: higher priced homes
- Saulsbury, WV: higher priced homes
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