Español

Este sitio también está en español. Leer en español

City · 11,289 residents · Shelby County, Tennessee

Millington , Tennessee

In Millington, a typical home is worth $207,300 and typical rent is $1,111 a month. Compared with all of Shelby County, typical household income is 22% lower and the typical home value is 17% lower.

WhatsApp

  • Typical home value

    $207,300

    17% below the county

    28% below Tennessee

    • Millington
    • Shelby
    • Tennessee

  • Typical rent

    $1,111a month

    10% below the county

    7% below Tennessee

    • Millington
    • Shelby
    • Tennessee

  • Typical household income

    $49,979a year

    22% below the county

    28% below Tennessee

    • Millington
    • Shelby
    • Tennessee

  • Households that own their home

    58%

    4 points above the county

    9 points below Tennessee

    • Millington
    • Shelby
    • Tennessee

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$235,225
1.8% more than 12 months ago
Typical rent
$1,533 a month
about the same as 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Millington is in Shelby County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Shelby County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Millington apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Millington is $49,979, 22% less than in Shelby County as a whole ($63,767).

  2. 20% of households in Millington have no internet at home (8% in Shelby County).

  3. The typical home in Millington is worth $207,300, 17% less than in Shelby County as a whole ($249,100).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Millington

What homes there are in Millington, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Millington: 71% of homes, more than in Shelby County (66%).

Mobile homes are 8% of homes in Millington, more than in Shelby County (1%).

Year built

In Millington, half of the homes were built before 1972; in Shelby County, before 1977.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,483 a month

Shelby County: $1,682 a month

Without a mortgage

$422 a month

Shelby County: $602 a month

Owners with a mortgage

48%

Shelby County: 62%

Owning costs less in Millington: with a mortgage, the typical cost is $1,483 a month; in Shelby County, $1,682. Without one, $422.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Millington gained value more slowly than in Shelby County: 61% since 2015–2019, against 66%.

Rents in Millington rose more slowly than in Shelby County: 18% since 2015–2019, against 31%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMillingtonShelby CountyTennesseeUnited States
Rental vacancy Unreliable estimate7.9%6.1%5.5%
Homeowner vacancy Unreliable estimate0.5%0.9%0.9%
More than one person per room Unreliable estimate2.4%2.2%3.4%
People per household 2.392.492.452.53
Drive alone 79%77%76%69%
Carpool 13%9%8%9%
Public transit Unreliable estimate1%0%3%
Walk or bike Unreliable estimate1%1%3%
Work from home Unreliable estimate11%13%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Shelby County, a household in Millington has 2.39 people on average.

In Millington, 13% of workers share a car to get to work; in Shelby County, 9%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Millington?

A typical home costs more than the typical income allows

We start with a typical home in Millington, worth $207,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Millington, which is $49,979 a year. For that payment to be 28% of income, a household would need to earn about $73,316 a year.

The calculator's FHA and conventional loan limits are those of all of Shelby County.

Your numbers

Local data
$

Starts at the typical home value in Millington. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,256 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,711

at 7.18% · 30 years

Loan amount
$203,545
Total interest
$292,853
Paid off in
November 2056

Includes $3,501 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,166 a month

  • Tight

    $1,166 to $1,499 a month

  • Hard

    more than $1,499 a month

    Your payment · 41%

Compared with the typical household income in Millington ($49,979 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,711
Principal & interest$1,379
Property tax$154
Home insurance$86
FHA mortgage insurance (MIP)$92

You need at least $7,256 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Millington and Shelby County

Millington is in Shelby County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Millington's own numbers

Typical home value
$207,300
Typical monthly rent
$1,111
Typical yearly household income
$49,979
Households that own their home
58%
Effective property tax rate
0.89%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Shelby County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,301
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Shelby County.

Everything about Shelby County

Buying

Buying a home in Millington

A typical home in Millington is worth $207,300: 17% below the county and 28% below Tennessee. With the typical household income in Millington ($49,979 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Millington 4.1 years
  • Shelby 3.9 years
  • Tennessee 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Shelby County

According to FHFA’s house price index, home prices in Shelby County rose 82% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Shelby County.

Period County Tennessee U.S.
Last year (2025) −0.1% +2.4% +2.9%
5 years (2020–2025) +38% +60% +47%
10 years (2015–2025) +82% +114% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Millington next to Shelby County, Tennessee and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Millington $207,300
  • Shelby $249,100
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Millington $1,111
  • Shelby $1,232
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Millington $49,979
  • Shelby $63,767
  • Tennessee $69,595
  • United States $80,734
See the full table
Millington next to Shelby County and Tennessee
Measure Millington Shelby County Tennessee U.S.
Typical home value $207,300 $249,100 $286,700 $332,700
Typical monthly rent $1,111 $1,232 $1,189 $1,413
Typical yearly household income $49,979 $63,767 $69,595 $80,734
Households that own their home 58% 54% 67% 65%
Typical yearly property tax $1,852 $2,429 $1,442 $3,119
Effective property tax rate 0.89% 0.98% 0.5% 0.94%
Renters with high rent for their income 38% 54% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Shelby County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Millington

For a typical $207,300 home in Millington, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Millington's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,711a month

    Least cash to close
    Down payment
    $7,256
    Cash to close
    $13,475
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $92

  • Conventional, 5% down $1,673a month

    Down payment
    $10,365
    Cash to close
    $16,584
    Rate
    7.18%
    Mortgage insurance
    PMI · $98

  • Conventional, 20% down, no PMI $1,364a month

    Down payment
    $41,460
    Cash to close
    $47,679
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,555a month

    Down payment
    $31,095
    Cash to close
    $37,314
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Millington and for Shelby County.

Property tax

Effective rate in Millington

0.89%of the home’s value each year

$1,852 a year for the typical owner in Millington.

  • Millington 0.89%
  • Shelby 0.98%
  • Tennessee 0.5%

What Tennessee publishes Property tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)

Exemptions and deadlines in Tennessee

Flood risk in Shelby County

FEMA does not publish these numbers by city: they are for all of Shelby County.

Homes in the high-risk zone
1%
3,036
Of those, with NFIP insurance
18%
County Tennessee U.S.
Homes in the high-risk zone 1% 1.6% 3.5%
Of those, with NFIP insurance 18% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Millington

Typical rent in Millington is $1,111 a month: 10% below the county. In Millington, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Shelby County, by unit size. To pay the 2-bedroom one ($1,301 a month) without spending more than 30% of your income, you would need to earn $25.02 an hour working full time.

HUD fair market rent for all of Shelby County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,095 $21.06 $43,800
1 bedroom $1,191 $22.90 $47,640
2 bedrooms $1,301 $25.02 $52,040
3 bedrooms $1,717 $33.02 $68,680
4 bedrooms $1,981 $38.10 $79,240

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Millington

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Millington has 2 ZIP codes with their own.

For 2 bedrooms it is $1,250 in all of them.

None is above the fair market rent for Shelby County ($1,301).

  • 38053 $1,250$1,650
  • 38054 $1,250$1,650

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Millington when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Millington

HUD lists 2 buildings with rents for lower incomes in Millington. These are the largest.

  • Millington HSG Auth 4942 Bill Knight Rd, Millington 38053 90 homes, 89 low-income · Run by Millington Housing Authority · Average payment: $363 a month · Average wait: 17 months (901) 872-3677
  • Wesley @ Millington Towers 5077 Easley Ave, Millington 38053 81 homes, 80 low-income · For older adults (901) 873-3292

See all 194 buildings in Shelby County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Millington

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 5 HUD-approved agencies with an office in Shelby County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Millington

No down payment, repair or rent-help program on our list is for Millington or Shelby County. The ones below are statewide in Tennessee: they work in Millington the same as in the rest of the state.

Which programs do I qualify for? All programs in Tennessee

  • Great Choice Plus

    Statewide in Tennessee

    Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage. Offered by Tennessee Housing Development Agency (THDA).

    ForgivableRepayable

    See the program Official page

Housing counselors near Millington

The HUD-approved agencies closest to the center of Millington, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Frayser Community Development Corporation

    3684 N Watkins St, Memphis · 9 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (901) 354-9401

  • NSC (naca Counseling Subsidiary) - Memphis, TN

    2400 Poplar Ave. Suite 500, Memphis · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (901) 348-0115

  • Operation Hope - Memph TN - Poplar Av

    6815 Poplar Ave Ste 100, Memphis · 17 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (571) 544-2282

Every agency in Shelby County All counseling agencies in Tennessee

Help in Spanish near Millington

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Millington

HUD’s record names them for Millington or Shelby County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

One other authority has an office in Shelby County: see the list Source: HUD

Cities

Other cities in Shelby County

These cities are also in Shelby County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Shelby County Housing in Tennessee

Nearby cities

The cities closest to Millington, with the typical home value.

Neighboring counties

If Shelby County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Millington.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Millington

Short answers with the numbers for Millington and all of Shelby County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Millington?

The typical home value in Millington is $207,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Shelby County it is $249,100.

How much does it cost to rent in Millington?

Typical rent in Millington is $1,111 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Shelby County is $1,301.

What is the FHA loan limit in Millington?

Millington uses the FHA limit for all of Shelby County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Millington?

The typical homeowner in Millington pays $1,852 a year, according to the U.S. Census Bureau. That is 0.89% of the home’s value; in Shelby County, the rate is 0.98%.

Where can I find free help to buy or rent in Millington?

There are 5 HUD-approved counseling agencies with an office in Shelby County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).