Market Overview
Home Prices in Millstadt, IL
The median home value in Millstadt, IL is $302,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Millstadt are priced26% below average. Millstadt is part of the St. Louis, MO-IL metro area.
Over the past five years, Millstadt home values have risen by approximately23.3%, reflecting strong long-term appreciation in this market.
Price History
Millstadt Home Price Trend
City Comparison
Millstadt vs. National Median
At $302,434, homes in Millstadt cost 26% below the national median of $410,000. This makes Millstadt a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Millstadt?
20% Down Payment
$60,487
on $302,434
Monthly P&I
$1,577/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,003/mo
incl. taxes & insurance
Income Needed
$80,120
gross annual (30% rule)
10% Down Option
$30,243
+ PMI applies
Loan Amount (20% dn)
$241,947
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 Millstadt, IL?
The median home value in Millstadt is $302,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Millstadt?
Over the past year, home values in Millstadt have increased by 4%. Over five years, prices have risen approximately 23.3%.
How much do I need to earn to buy a home in Millstadt?
To comfortably afford the median home price of $302,434 with a 20% down payment ($60,487) at today's rates (6.8%), you'd need a gross annual income of approximately $80,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Millstadt compare to the national average home price?
The national median home value is approximately $410,000. At $302,434, homes in Millstadt are 26% below the national average.
What metro area is Millstadt part of?
Millstadt is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.