The housing market in Millbourne, PA is thriving. The median value of homes is $194,700 which is significantly lower than the US house median value of $338,100. Despite the lower median value, Millbourne has seen an impressive 1 year appreciation at 11.01%, compared to the US’s 8.27%. These numbers indicate that Millbourne is becoming a desirable place to live and invest in real estate. It appears that this trend will continue for years to come as more people are attracted to the area.
The median home cost in Millbourne is $194,700. Home appreciation the last 10 years has been 64.0%. Home Appreciation in Millbourne is up 12.4%.
Average Age of Homes
- The median age of Millbourne real estate is 73 years old
The Rental Market in Millbourne
- Renters make up 65.5% of the Millbourne population
- 5.5% of houses and apartments in Millbourne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.