Milroy, IN housing market
The typical Milroy home is worth about $255,000, up 4.8% in a year, close to the Indiana typical home.
Home values, sales, trends and how Milroy compares with the towns next door — updated as new data is published.
Milroy at a glance
Typical home value, 2016–2026
Show as a table
| January | Milroy | Indiana |
|---|---|---|
| 2017 | $121,000 | $135,000 |
| 2018 | $131,000 | $144,000 |
| 2019 | $138,000 | $154,000 |
| 2020 | $145,000 | $164,000 |
| 2021 | $160,000 | $183,000 |
| 2022 | $187,000 | $209,000 |
| 2023 | $200,000 | $227,000 |
| 2024 | $212,000 | $237,000 |
| 2025 | $232,000 | $249,000 |
| 2026 | $248,000 | $256,000 |
| August 2026 | $255,000 | $260,000 |
Milroy and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Milroy | $255K | +4.8% | $1,120 | — |
| Marion | — | +15.3%† | $1,150 | $62,252 |
| Hanging Grove | — | +15.3%† | $1,170 | $102,647 |
| Monon | $189K | +2.3% | $1,090 | $48,670 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,120
HUD's Fair Market Rent for a two-bedroom in Milroy is $1,120 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $840 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47959, 47977, 47978, 47995; Gary, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Milroy
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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.