A typical Mill home is worth about $364,000
Up 1.2% in a year, 27% below the Oregon typical home.
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Mill?
Read from the numbers below. The page puts what stands out first.
A typical home costs 5.3 years of income
Less than across Oregon (6 years). Try your own numbers below.
That’s $92K short of a typical Mill home.
A two-bedroom rents for about $1,390 a month here, $770 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Mill’s typical property tax (0.83% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Up 18.4% in five years
Faster than Oregon (7.7%).
Show as a table
| January | Mill | Oregon |
|---|---|---|
| 2017 | $174,000 | $313,000 |
| 2018 | $192,000 | $337,000 |
| 2019 | $220,000 | $354,000 |
| 2020 | $238,000 | $369,000 |
| 2021 | $275,000 | $411,000 |
| 2022 | $320,000 | $480,000 |
| 2023 | $340,000 | $490,000 |
| 2024 | $346,000 | $495,000 |
| 2025 | $360,000 | $504,000 |
| 2026 | $361,000 | $500,000 |
| August 2026 | $364,000 | $496,000 |
A typical Mill home worth $166K in September 2016 is worth about $364K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A two-bedroom rents for about $1,390
Renters already here pay a median of $1,402.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albany, OR MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
7 new homes permitted in 2025
Builders were permitted 7 new homes in Mill in 2025: 3 single-family houses and 4 in buildings with two or more homes, worth about $2 million to build. That's 3.6 per 1,000 residents, about the pace of Oregon as a whole. Over the past 10 years, Mill has permitted 103 homes in all.
Between the 2010 and 2020 censuses, Mill gained 116 residents while 22 new homes were permitted: about 5.3 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Oregon: 2.6 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 7 | 3 | 4 | $1.8 million |
| 2025 | 7 | 3 | 4 | $2 million |
| 2024 | 3 | 3 | 0 | $907,000 |
| 2023 | 56 | 2 | 54 | $9.2 million |
| 2022 | 10 | 10 | 0 | $2.9 million |
| 2021 | 7 | 7 | 0 | $1.8 million |
| 2020 | 3 | 3 | 0 | $760,000 |
| 2019 | 7 | 7 | 0 | $1.6 million |
| 2018 | 6 | 6 | 0 | $1.4 million |
| 2017 | 2 | 2 | 0 | $527,000 |
| 2016 | 2 | 2 | 0 | $299,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $328,000 |
| 2013 | 3 | 1 | 2 | $462,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $221,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $138,000 |
| 2007 | 5 | 5 | 0 | $900,000 |
| 2006 | 24 | 20 | 4 | $4.1 million |
| 2005 | 11 | 9 | 2 | $2 million |
| 2004 | 6 | 4 | 2 | $786,000 |
| 2003 | 9 | 7 | 2 | $1.4 million |
| 2002 | 2 | 2 | 0 | $295,000 |
| 2001 | 1 | 1 | 0 | $132,000 |
| 2000 | 12 | 2 | 10 | $913,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
1 of Mill’s houses are on the National Register
Half of Mill’s homes were built before 1971.
Oregon: 63% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
On the market in Mill
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Mill buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.