Housing in Millcreek

A typical Millcreek home is worth roughly $115,000

Typical home value

$115K

IN $260K

Estimate

2-bedroom rent

$960

a month, utilities in · HUD

Median tax bill

$545

IN $1,614

What kind of housing town is Millcreek?

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

Your money goes further56% below the Indiana typical home.

★ What stands out · Affordability

A typical home costs 2.4 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$203,000

Typical Millcreek home $115K

That covers a typical Millcreek home, with $88K to spare.

The typical home, each month

$650

Loan $570Tax $50Insurance $30

A two-bedroom rents for about $960 a month here, $310 more than owning.

Where your budget reaches nearby

Wabash$170K Van Buren$117K Jackson$130K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Millcreek’s typical property tax (0.48% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $960

Renters already here pay a median of $773, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$690

1 bedroom$730

2 bedrooms$960

3 bedrooms$1,190

4 bedrooms$1,560

31%

of households rent · IN 29%

174

renter households

53%

of renters spend 30%+ of income on rent · IN 48%

24%

of the median income, for a two-bedroom

$773

median rent paid today · Census

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

The homes

69% of Millcreek households own their home

Half of Millcreek’s homes were built before 1981.

Owners and renters

Own 69%Rent 31%

Indiana: 71% own.

1981

typical home built · IN 1976

$545

median property tax bill · IN $1,614

0.48%

of a home’s value, a year in tax · IN 0.74%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Millcreek vs. its neighbors

Millcreek is the least expensive of 4 neighboring towns. Tap one to see its housing page.

Wabash$170K Jackson$130K Van Buren$117K Millcreek$115K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Millcreek	$115K*	—	$960	$48,605
Wabash	$170K*	+5.8%†	$960	$59,665
Van Buren	$117K*	+1.5%†	$960	$58,173
Jackson	$130K*	—	$1,070	$77,000

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 Millcreek buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Millcreek still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.