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ZipNumbers

Indiana · Census place 49716

Milltown town, IN

Quick answer

Milltown town has 811 residents, ranking #406 of 976 places in Indiana. Median household income is $58,419, the median home is worth $125,600 and median gross rent runs $633 a month.

Population
811Milltown town residents
Median household income
$58,419Past 12 months, inflation adjusted
Median home value
$125,600Owner-occupied units
Median gross rent
$633Rent plus utilities, monthly
Median age
35.3 yrsAll residents
Homeownership rate
69.1%Owner-occupied households

What the numbers mean in Milltown town

Housing cost measured against local earnings.

A household earning the Milltown town median would spend about 13% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.7% of residents and 69.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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