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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Millville, DE Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Millville, DE Housing Market Trends

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.

Millville Home Appreciation Rates

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.

Average Home Values

Median Home Value

$645,894

Millville, DE Home Prices
> $1,547,000
$1,160,001 - $1,547,000
$774,001 - $1,160,000
$619,001 - $774,000
$464,001 - $619,000
$309,001 - $464,000
$155,001 - $309,000
$77,001 - $155,000
$0 - $77,000
0.9%
0.9%
2.7%
2.7%
22.1%
22.1%
32.7%
32.7%
20.0%
20.0%
12.9%
12.9%
6.9%
6.9%
0.5%
0.5%
1.3%
1.3%
0% 100.0%
% of Homes
Very High

for Delaware

Very High

for nation

Number of Homes And Apartments:

1,123

Millville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,830 / per month

Homeownership Rate

Owners
Renters
93.0%
93.0%
7.0%
7.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
33.3%
33.3%
66.7%
66.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
90.1%
90.1%
8.3%
8.3%
1.1%
1.1%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.1%
66.1%
32.2%
32.2%
0.0%
0.0%
0.0%
0.0%
1.7%
1.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
3.8%
3.8%
54.5%
54.5%
35.2%
35.2%
6.5%
6.5%
0% 100.0%
% of Homes