A typical Mill Shoals home is worth roughly $91,000
What kind of housing town is Mill Shoals?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.9 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Mill Shoals home, with $92K to spare.
A two-bedroom rents for about $940 a month here, $370 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Mill Shoals’s typical property tax (1.21% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
91% of Mill Shoals households own their home
Half of Mill Shoals’s homes were built before 1967.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $940
Renters already here pay a median of $827, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Wayne County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Mill Shoals vs. its neighbors
Mill Shoals is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Mill Shoals | $91K* | — | $940 | $48,977 |
| Barnhill | $113K* | — | $930 | $46,111 |
| Burnt Prairie | — | +1.8%† | $940 | $98,650 |
| Enfield | $116K | +11.1% | $920 | $52,727 |
| Crook | — | +1.2%† | $920 | $81,938 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Mill Shoals buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.