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
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-Occupied | 62.4% |
| Renter-Occupied | 37.6% |
| Homeownership Rate | 62.4% |
| Total Housing Units | 814 |
| Median Year Built | 1956 |
| Rent Burden | 24.6% |
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