The typical owner-occupied home in Millfield is worth about $76,000, 65% below the Ohio median of $214,800 and 77% below the national median of $332,700. The median household earns $41,601 a year, so the median home costs 1.8 times the median income (3.0 times for Ohio). 76% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Millfield at a glance
| Millfield | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $76,000 | $214,800 | $332,700 |
| Median property tax paid per year | – | $2,822 | $3,119 |
| Median household income | $41,601 | $71,389 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 25% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,517 | $1,963 |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 207 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Millfield
At this week's average 30-year rate of 7.11%, buying the median Millfield home of $76,000 with 20% down costs about $510 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $637, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $21,872 for the 20%-down payment. That payment is 15% of the median Millfield household income of $41,601; at that income and 20% down, the 28% guideline points to a home of about $145,000.
| Down payment | $15,200 |
|---|---|
| Loan amount | $60,800 |
| Principal and interest | $409 |
| Property taxes (1.10% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $510 |
Change the numbers in the calculator
| Down payment | $2,660 |
|---|---|
| Loan amount | $74,623 |
| Principal and interest | $502 |
| Property taxes (1.10% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $637 |
Change the numbers in the calculator
Questions about home buying in Millfield
What is the median home value in Millfield?
About $76,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Millfield?
For the median home with 20% down at 7.11%, the payment is about $510 a month. Keeping that under 28% of gross income takes about $21,872 a year.
More about Millfield
- Mortgage Refinance in Millfield
- Debt Relief in Millfield
- Home Equity Loans in Millfield
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data