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Advertise here →Mills River, NC · Market Data
Mills River, North Carolina real estate market data.
Real estate market data for Mills River, NC (Henderson County) — Census median home value $358,500, county listing prices down about 1.7% over the past year.
Mills River, NC is in Henderson County, North Carolina — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 7,214, with a median household income of $88,359. Census data puts Mills River's median home value at $358,500 (all owner-occupied homes); Henderson County's current median listing price runs $550,000, down about 1.7% over the past year.
At a glance
Mills River market snapshot
Population
7,214
Median Household Income
$88,359
Median Home Value (city)
$358,500
Median Listing Price (Henderson County)
$550,000
Median Gross Rent
$1,611/mo
Price Trend (YoY)
-1.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Mills River different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Mills River's median home value — across all owner-occupied homes, not just recent sales — at $358,500. Separately, Henderson County's current median listing price (via Realtor.com data, 2026-06-01) runs $550,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Henderson County's FHFA house price index shows a -0.02% annual change in 2025.
Population & Income
Mills River has an estimated population of 7,214 and a median household income of $88,359, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Mills River's Census-reported median home value works out to about 4.1x the area's median household income, and median gross rent runs roughly 22% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Mills River FAQ
What are home values like in Mills River, NC?
The Census Bureau's American Community Survey puts Mills River's median home value at $358,500. Henderson County's current median listing price runs $550,000, down about 1.7% over the past year.
What is the population of Mills River, NC?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Mills River's population at approximately 7,214.
What's the median rent in Mills River, NC?
The Census ACS estimates median gross rent in Mills River at approximately $1,611 per month.
What is the median household income in Mills River, NC?
Census ACS data puts the median household income in Mills River at approximately $88,359.
Is the Mills River housing market growing?
Henderson County's FHFA house price index shows a -0.02% annual change in 2025.
Is Mills River, NC affordable relative to income?
Census ACS data puts Mills River's median home value at about 4.1 times the median household income, with median gross rent equal to roughly 22% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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