Millington, TN housing market
The typical Millington home is worth about $240,000, up 2% in a year, 28% below the Tennessee typical home. Homes typically sell in 70 days, close to asking.
Home values, sales, trends and how Millington compares with the towns next door — updated as new data is published.
Millington at a glance
A seller's market
Supply is tight — about 2.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Millington | Tennessee |
|---|---|---|
| 2017 | $125,000 | $174,000 |
| 2018 | $132,000 | $187,000 |
| 2019 | $142,000 | $198,000 |
| 2020 | $154,000 | $215,000 |
| 2021 | $173,000 | $238,000 |
| 2022 | $202,000 | $287,000 |
| 2023 | $225,000 | $313,000 |
| 2024 | $229,000 | $326,000 |
| 2025 | $235,000 | $334,000 |
| 2026 | $237,000 | $333,000 |
| August 2026 | $240,000 | $334,000 |
No new homes permitted in 2016
No permits for new homes were issued in Millington in 2016. The last year with any was 2015 (1 new home).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2016 | 0 | 0 | 0 | — |
| 2015 | 1 | 1 | 0 | $245,000 |
| 2014 | 2 | 2 | 0 | $342,000 |
| 2013 | 5 | 5 | 0 | $1.2 million |
| 2012 | 4 | 4 | 0 | $1 million |
| 2011 | 1 | 1 | 0 | $240,000 |
| 2010 | 2 | 2 | 0 | $400,000 |
| 2009 | 2 | 2 | 0 | $432,000 |
| 2008 | 11 | 11 | 0 | $2.5 million |
| 2007 | 19 | 19 | 0 | $3.8 million |
| 2006 | 58 | 58 | 0 | $11.3 million |
| 2005 | 58 | 58 | 0 | $9.2 million |
| 2004 | 84 | 84 | 0 | $13.6 million |
| 2003 | 58 | 58 | 0 | $10.2 million |
| 2002 | 52 | 52 | 0 | $8.9 million |
| 2001 | 56 | 56 | 0 | $9.9 million |
| 2000 | 31 | 31 | 0 | $5 million |
Millington's permit office didn't report to the Census in 2016, so the 2016 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
4.8 years of income
The typical Millington home costs about 4.8 years of the town's median household income, about the same as across Tennessee (4.8).
How Millington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,260
HUD's Fair Market Rent for a two-bedroom in Millington is $1,260 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Millington pay a median of $1,111, so moving in tends to cost more than staying put. A two-bedroom takes about 30% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,050 · 4 bedrooms $1,940
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38053; Memphis, TN-MS-AR 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.
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. Listings link to their publishers.