Market Overview
Home Prices in Milltown, WI
The median home value in Milltown, WI is $292,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milltown are priced29% below average.
Over the past five years, Milltown home values have risen by approximately25.2%, reflecting strong long-term appreciation in this market.
Price History
Milltown Home Price Trend
2020
$194,351
$194K
—
2021
$233,354
$233K
+20.1%
2022
$272,502
$273K
+16.8%
2023
$272,821
$273K
+0.1%
2024
$283,582
$284K
+3.9%
2025
$288,104
$288K
+1.6%
2026
$292,218
$292K
+1.4%
City Comparison
Milltown vs. National Median
🏠 Milltown
$292,218
National Median
$410,000
At $292,218, homes in Milltown cost 29% below the national median of $410,000. This makes Milltown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milltown?
20% Down Payment
$58,444
on $292,218
Monthly P&I
$1,524/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,935/mo
incl. taxes & insurance
Income Needed
$77,400
gross annual (30% rule)
10% Down Option
$29,222
+ PMI applies
Loan Amount (20% dn)
$233,774
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 Milltown, WI?
The median home value in Milltown is $292,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Milltown?
Over the past year, home values in Milltown have increased by 1.4%. Over five years, prices have risen approximately 25.2%.
How much do I need to earn to buy a home in Milltown?
To comfortably afford the median home price of $292,218 with a 20% down payment ($58,444) at today's rates (6.8%), you'd need a gross annual income of approximately $77,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Milltown compare to the national average home price?
The national median home value is approximately $410,000. At $292,218, homes in Milltown are 29% below the national average.