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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,989 people, 1,123 houses or apartments, and a median cost of homes of $645,894, Millville house prices are not only among the most expensive in Delaware, Millville real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Millville, accounting for 66.09% of the town's housing units. Other types of housing that are prevalent in Millville include row houses and other attached homes ( 32.19%), mobile homes or trailers ( 1.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Millville. Owner-occupied housing accounts for 92.97% of Millville's homes, and 89.73% have either three or four bedrooms, which is average sized relative to America.
Millville homes and real estate are some of the newest in America. 90.14% of Millville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Millville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 8.31%), and between 1940-1969 ( 1.07%).
A decent proportion of the Millville housing stock is seasonally occupied. That is, homes and condos in Millville are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Millville housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Millville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.30%, which ranks in the top 40% nationwide. This equates to an annual average Millville house appreciation rate of 7.35%.
Over the last year, Millville appreciation rates have trailed the rest of the nation. In the last twelve months, Millville's appreciation rate has been 3.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Millville were at 6.02%, which equates to an annual appreciation rate of 26.34%.
Importantly, this makes Millville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Delaware, our data show that Millville's latest annual appreciation rate is lower than 60% of the other cities and towns in Delaware.
$645,894
for Delaware
for nation
1,123
$2,830 / per month