Housing in Millgrove

A typical Millgrove home is worth roughly $222,000

Typical home value

$222K

IN $260K

Estimate

2-bedroom rent

$1,100

a month, utilities in · HUD

Median tax bill

$986

IN $1,614

What kind of housing town is Millgrove?

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

A second-home town25% of homes are seasonal or vacation homes.A town of owners89% of households own their home.

★ What stands out · The homes

89% of Millgrove households own their home

Half of Millgrove’s homes were built before 1978.

Owners and renters

Own 89%Rent 11%

Indiana: 71% own.

1978

typical home built · IN 1976

$986

median property tax bill · IN $1,614

0.44%

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

25%

of homes are seasonal or vacation homes

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

Affordability

A typical home costs 3.4 years of income

About the same as across Indiana. Try your own numbers below.

You could afford about

$274,000

Typical Millgrove home $222K

That covers a typical Millgrove home, with $52K to spare.

The typical home, each month

$1,250

Loan $1,100Tax $80Insurance $60

A two-bedroom rents for about $1,100 a month here, $150 less than owning.

Where your budget reaches nearby

Jackson$182K Greenfield$214K Jamestown$264K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Millgrove’s typical property tax (0.44% 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 $1,100

Renters already here pay a median of $740, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$840

1 bedroom$840

2 bedrooms$1,100

3 bedrooms$1,410

4 bedrooms$1,460

11%

of households rent · IN 29%

renter households

24%

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

20%

of the median income, for a two-bedroom

$740

median rent paid today · Census

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

Next door

Millgrove vs. its neighbors

Millgrove is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.

Jamestown$264K Millgrove$222K Greenfield$214K Jackson$182K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Millgrove	$222K*	—	$1,100	$65,893
Jackson	$182K*	+8%†	$1,010	$67,250
Greenfield	$214K*	—	$1,020	$64,911
Jamestown	$264K*	+3.3%†	$1,210	$76,295

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 Millgrove buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Millgrove 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.