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Millwood, WA

Full City Profile · Washington · Spokane County County

3.0 /5.0
B Good
1,880 Population 2,686/sq mi density
$71,875 Median Income $40,178 per capita
$327,200 Home Value $358,892 Zillow
$1,097 Median Rent 24.6% income on rent
50°F Avg Temperature 273 sunny days/yr
325 Violent Crime/100K 5,740 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$71,875 median income, 0.6% unemployment
A
Affordability
4.1 / 5.0
$327,200 home value, $1,097/mo rent
F
Safety
1.0 / 5.0
325 violent crimes/100K
C+
Education
2.9 / 5.0
23.2% bachelor's degree or higher

Housing Overview

Median Home Value
$327,200
16% above
US avg: $281,900
Median Rent
$1,097/mo
6% below
US avg: $1,163/mo
Homeownership Rate
62.4%
5% below US avg (65.4%)
Total Housing Units
814
Median year built: 1956

Home Value by Source

Census Median
$327,200
Zillow (ZHVI)
$358,892
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

62.4%
Owner-Occupied
37.6%
Renter-Occupied
62%
38%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Census median rent: $1,097/mo

Affordability & Housing Stock

Rent Burden
24.6%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
62.4%

Complete Housing Data

Home Values

Census Median Value$327,200
Zillow Home Value (ZHVI)$358,892

Rent

Census Median Rent$1,097
FMR Studio$1,082
FMR 1-Bedroom$1,180
FMR 2-Bedroom$1,472
FMR 3-Bedroom$2,003
FMR 4-Bedroom$2,351

Market

Ownership & Stock

Owner-Occupied62.4%
Renter-Occupied37.6%
Homeownership Rate62.4%
Total Housing Units814
Median Year Built1956
Rent Burden24.6%