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Housing in Millbrook

A typical Millbrook home is worth roughly $164,000

Typical home value
$164K
IL $298K
Estimate
2-bedroom rent
$970
a month, utilities in · HUD
Median tax bill
$2,232
IL $5,298

What kind of housing town is Millbrook?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Millbrook

Try your own numbers below.

You could afford about
$280,000
Typical Millbrook home $164K

That covers a typical Millbrook home, with $116K to spare.

The typical home, each month
$1,130
Loan $810Tax $270Insurance $50

A two-bedroom rents for about $970 a month here, $160 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

89% of Millbrook households own their home

Half of Millbrook’s homes were built before 1968.

Owners and renters
Own 89%Rent 11%

Illinois: 67% own.

1968
typical home built · IL 1971
$2,232
median property tax bill · IL $5,298

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$720
1 bedroom$760
2 bedrooms$970
3 bedrooms$1,260
4 bedrooms$1,340
11%
of households rent · IL 33%
19
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Peoria, IL MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Millbrook vs. its neighbors

Millbrook is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Millbrook$164K*—$970$65,000
Brimfield$304K+7.5%$960$81,250
Truro$128K*—$920$86,417
Princeville$239K+11%$1,100$66,438
Essex$102K*—$940$49,453

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 Millbrook buyers, sellers and renters are saying.

Town Square →
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Is Millbrook still affordable for young families?

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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.

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