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Featured local agent — Millington, TN
Sarah Mitchell
Compass Real Estate · Millington, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Millington, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$273,990median sale price
How is the Millington, TN housing market right now?
The median home sale price in Millington, TN is $273,990, down 11.4% year-over-year. Homes sell in an average of 70 days with 50 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Millington a buyer's or seller's market?
Millington, TN is currently a balanced market, based on 2.4 months of supply and homes selling in about 70 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
70
Average pace
Active listings
50
2.4 months supply
Sale-to-list
98.6%
Below asking
What does the Millington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $273,990 |
| Median list price | $277,990 |
| Year-over-year price change | -11.4% |
| Average days on market | 70 days |
| Active inventory | 50 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $150/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 19 |
| Listings with a price cut | 8.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Millington by property type?
How the Millington, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $273,990 | $150/sq ft | 21 | 70 days |
Source: Redfin · Updated monthly
The Millington housing market is currently classified as a balanced market with a median sale price of $273,990. Prices have fallen 11.4% compared to last year, with homes spending an average of 70 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Millington
There are currently 50 homes listed for sale in Millington, Tennessee. The median listing price is $278K.
Active listings
50
Homes on market
Median list price
$278K
Avg. days on market
70
Days until sale
New this week
19
Newly listed
Who lives in Millington?
Population
11,117
Median income
$51,695/yr
Median age
38.6 years
Owner-occupied
60.4%
College grads
20.0%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Millington?
Zillow home value
$243,451
Zillow rent index
$1,599/mo
Price-to-rent ratio
12.7x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Millington?
Millington is a community of approximately 11K residents with a median age of 38.6 years.The median household income is $51,695, which represents a working-class community with solid middle-income opportunities. 20.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.4%, showing a blend of owner and renter-occupied properties. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Millington offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Millington?
6 schools tracked · 3,555 students
The largest public schools serving Millington, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Millington Central Middle High School
Grades 7-12 · 1,211 students
Millington Primary School
Grades PK-3 · 891 students
Millington Intermediate School
Grades 4-6 · 544 students
E.E. Jeter Elementary/Middle
Grades PK-8 · 369 students
Lucy Elementary
Grades PK-5 · 301 students
Woodstock Middle School
Grades 6-8 · 239 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Millington, TN?
Want a head-to-head view? Compare Millington side-by-side with any other U.S. city using our market-comparison tool.
Is Millington a good real estate investment market?
For investors evaluating Millington, the price-to-rent ratio of 12.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 11.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Millington's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Millington's median home price.
Frequently asked questions
What is the average home price in Millington?
The median home sale price in Millington is $273,990, down 11.4% from last year.
How long do homes stay on market in Millington?
Homes typically spend 70 days on market before going under contract.
What is the median income in Millington?
The median household income is $51,695 per year.
Is Millington a buyer's or seller's market?
With 2.4 months of supply, Millington is currently a balanced market.
What is the Zillow home value estimate for Millington?
The Zillow Home Value Index (ZHVI) for Millington is $243,451, representing the typical home value in the area.
How much does a single-family home cost in Millington?
The median single-family home price in Millington, TN is $273,990 (about $150 per square foot).
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