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Advertise here →Millington, TN · Market Data
Millington, Tennessee real estate market data.
Real estate market data for Millington, TN (Shelby County) — Census median home value $172,800, county listing prices down about 19.6% over the past year.
Millington, TN is in Shelby County, Tennessee — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 11,117, with a median household income of $51,695. Census data puts Millington's median home value at $172,800 (all owner-occupied homes); Shelby County's current median listing price runs $250,000, down about 19.6% over the past year.
At a glance
Millington market snapshot
Population
11,117
Median Household Income
$51,695
Median Home Value (city)
$172,800
Median Listing Price (Shelby County)
$250,000
Median Gross Rent
$1,059/mo
Price Trend (YoY)
-19.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Millington different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Millington's median home value — across all owner-occupied homes, not just recent sales — at $172,800. Separately, Shelby County's current median listing price (via Realtor.com data, 2026-06-01) runs $250,000. 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
Shelby County's FHFA house price index shows a -0.1% annual change in 2025.
Population & Income
Millington has an estimated population of 11,117 and a median household income of $51,695, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Millington's Census-reported median home value works out to about 3.3x the area's median household income, and median gross rent runs roughly 25% 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
Millington FAQ
What are home values like in Millington, TN?
The Census Bureau's American Community Survey puts Millington's median home value at $172,800. Shelby County's current median listing price runs $250,000, down about 19.6% over the past year.
What is the population of Millington, TN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Millington's population at approximately 11,117.
What's the median rent in Millington, TN?
The Census ACS estimates median gross rent in Millington at approximately $1,059 per month.
What is the median household income in Millington, TN?
Census ACS data puts the median household income in Millington at approximately $51,695.
Is the Millington housing market growing?
Shelby County's FHFA house price index shows a -0.1% annual change in 2025.
Is Millington, TN affordable relative to income?
Census ACS data puts Millington's median home value at about 3.3 times the median household income, with median gross rent equal to roughly 25% 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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