Market Overview
Home Prices in Millwood, GA
The median home value in Millwood, GA is $237,168 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Millwood are priced42% below average. Millwood is part of the Waycross, GA metro area.
Over the past five years, Millwood home values have risen by approximately23.0%, reflecting strong long-term appreciation in this market.
Price History
Millwood Home Price Trend
City Comparison
Millwood vs. National Median
At $237,168, homes in Millwood cost 42% below the national median of $410,000. This makes Millwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Millwood?
20% Down Payment
$47,434
on $237,168
Monthly P&I
$1,237/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,571/mo
incl. taxes & insurance
Income Needed
$62,840
gross annual (30% rule)
10% Down Option
$23,717
+ PMI applies
Loan Amount (20% dn)
$189,734
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 Millwood, GA?
The median home value in Millwood is $237,168 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 Millwood?
Over the past year, home values in Millwood have increased by 1.3%. Over five years, prices have risen approximately 23.0%.
How much do I need to earn to buy a home in Millwood?
To comfortably afford the median home price of $237,168 with a 20% down payment ($47,434) at today's rates (6.8%), you'd need a gross annual income of approximately $62,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Millwood compare to the national average home price?
The national median home value is approximately $410,000. At $237,168, homes in Millwood are 42% below the national average.
What metro area is Millwood part of?
Millwood is part of the Waycross, GA metropolitan area. Home prices and market conditions can vary across the broader metro region.