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Millington city, TN

ZIP 38053 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38053

Median Home Value
$195,100
Median Rent
$800
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,253/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38053 in Millington city, TN, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,253. That is roughly in line with the local median household income ($58,548). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.1%+1% vs US avg
x
Vacancy Rate
8.9%-14% vs US avg
x
Broadband Access
76.9%-12% vs US avg
x
4+ Bedrooms
3.2%-79% vs US avg
x
Built Pre-1939
6.4%-50% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
18.5%-63% vs US avg
x
Mortgage-Free
49.4%+29% vs US avg
x
$195,100
Home Value
$800
Rent
1979
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.4%
  • 1-unit attached1.7%
  • 2-9 units6.8%
  • 10+ units3.0%
  • Mobile home & other12.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$195,100
Median rent$800
Owner-occupied66.1%
Vacant8.9%
Price-to-income3.3x
Est. income to buy$54,000