Market Overview
Home Prices in Millwood, KY
The median home value in Millwood, KY is $193,080 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 14.4% compared to a year ago and up 16.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Millwood are priced53% below average.
Over the past five years, Millwood home values have risen by approximately20.8%, reflecting strong long-term appreciation in this market.
Price History
Millwood Home Price Trend
2020
$140,239
$140K
—
2021
$159,855
$160K
+14.0%
2022
$178,862
$179K
+11.9%
2023
$182,688
$183K
+2.1%
2024
$193,044
$193K
+5.7%
2025
$225,587
$226K
+16.9%
2026
$193,080
$193K
-14.4%
City Comparison
Millwood vs. National Median
🏠 Millwood
$193,080
National Median
$410,000
At $193,080, homes in Millwood cost 53% 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
$38,616
on $193,080
Monthly P&I
$1,007/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,279/mo
incl. taxes & insurance
Income Needed
$51,160
gross annual (30% rule)
10% Down Option
$19,308
+ PMI applies
Loan Amount (20% dn)
$154,464
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, KY?
The median home value in Millwood is $193,080 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 14.4% year-over-year.
How much have home prices changed in Millwood?
Over the past year, home values in Millwood have decreased by 14.4%. Over five years, prices have risen approximately 20.8%.
How much do I need to earn to buy a home in Millwood?
To comfortably afford the median home price of $193,080 with a 20% down payment ($38,616) at today's rates (6.8%), you'd need a gross annual income of approximately $51,160. 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 $193,080, homes in Millwood are 53% below the national average.