Market Overview
Home Prices in Millheim, PA
The median home value in Millheim, PA is $243,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.5% compared to a year ago and up 7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Millheim are priced41% below average. Millheim is part of the State College, PA metro area.
Over the past five years, Millheim home values have risen by approximately23.4%, reflecting strong long-term appreciation in this market.
Price History
Millheim Home Price Trend
City Comparison
Millheim vs. National Median
At $243,911, homes in Millheim cost 41% below the national median of $410,000. This makes Millheim a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Millheim?
20% Down Payment
$48,782
on $243,911
Monthly P&I
$1,272/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,615/mo
incl. taxes & insurance
Income Needed
$64,600
gross annual (30% rule)
10% Down Option
$24,391
+ PMI applies
Loan Amount (20% dn)
$195,129
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 Millheim, PA?
The median home value in Millheim is $243,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.5% year-over-year.
How much have home prices changed in Millheim?
Over the past year, home values in Millheim have decreased by 1.5%. Over five years, prices have risen approximately 23.4%.
How much do I need to earn to buy a home in Millheim?
To comfortably afford the median home price of $243,911 with a 20% down payment ($48,782) at today's rates (6.8%), you'd need a gross annual income of approximately $64,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Millheim compare to the national average home price?
The national median home value is approximately $410,000. At $243,911, homes in Millheim are 41% below the national average.
What metro area is Millheim part of?
Millheim is part of the State College, PA metropolitan area. Home prices and market conditions can vary across the broader metro region.