Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,452, 738 total housing units (homes and apartments), and a median house value of $476,095, Millbrook real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Millbrook, accounting for 41.71% of the village's housing units. Other types of housing that are prevalent in Millbrook include duplexes, homes converted to apartments or other small apartment buildings ( 33.87%), large apartment complexes or high rise apartments ( 16.59%), and a few row houses and other attached homes ( 7.83%).
People in Millbrook primarily live in small (one, two or no bedroom) single-family detached homes. Millbrook has a mixture of owner-occupied and renter-occupied housing.
The housing in Millbrook was primarily built before 1939 ( 41.47%), making the housing stock in Millbrook some of the oldest overall in America, although there is a range of ages of homes in Millbrook. The next most important housing age is between 1970-1999 ( 26.27%), followed by between 1940-1969 ( 19.70%). There's also some housing in Millbrook built between 2000 and later ( 12.56%).
Vacant housing appears to be an issue in Millbrook. Fully 14.98% of the housing stock is classified as vacant. Left unchecked, vacant Millbrook homes and apartments can be a drag on the real estate market, holding Millbrook real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Millbrook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.85% during the period.
NeighborhoodScout's data show that during the latest twelve months, Millbrook's appreciation rate, at 7.35%, has been at or slightly above the national average. In the latest quarter, Millbrook's appreciation rate has been 0.58%, which annualizes to a rate of 2.34%.
Notably, Millbrook's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Millbrook's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.
$476,095
$1,532 / per month