Market Overview
Home Prices in Millry, AL
The median home value in Millry, AL is $180,587 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Millry are priced56% below average. Millry is part of the Mobile, AL metro area.
Over the past five years, Millry home values have risen by approximately8.5%, reflecting steady appreciation in this market.
Price History
Millry Home Price Trend
2020
$153,194
$153K
—
2021
$166,465
$166K
+8.7%
2022
$172,512
$173K
+3.6%
2023
$170,167
$170K
-1.4%
2024
$175,614
$176K
+3.2%
2025
$178,187
$178K
+1.5%
2026
$180,587
$181K
+1.3%
City Comparison
Millry vs. National Median
🏠 Millry
$180,587
National Median
$410,000
At $180,587, homes in Millry cost 56% below the national median of $410,000. This makes Millry a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Millry?
20% Down Payment
$36,117
on $180,587
Monthly P&I
$942/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,196/mo
incl. taxes & insurance
Income Needed
$47,840
gross annual (30% rule)
10% Down Option
$18,059
+ PMI applies
Loan Amount (20% dn)
$144,470
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Millry, AL?
The median home value in Millry is $180,587 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Millry?
Over the past year, home values in Millry have increased by 1.3%. Over five years, prices have risen approximately 8.5%.
How much do I need to earn to buy a home in Millry?
To comfortably afford the median home price of $180,587 with a 20% down payment ($36,117) at today's rates (6.8%), you'd need a gross annual income of approximately $47,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Millry compare to the national average home price?
The national median home value is approximately $410,000. At $180,587, homes in Millry are 56% below the national average.
What metro area is Millry part of?
Millry is part of the Mobile, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.