The median home in Millington, Tennessee is valued at $232,017, up 0.6% year over year. Typical monthly rent is $1,565, producing a price-to-rent ratio of 12.4x — below the national average of 18x. Millington is part of the Memphis, TN-MS-AR metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$232,017

+0.6%

Rent$1,565/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Millington.

Income (annual)

Down Payment

$46,403 on $232,017

Example: $75,000 household income. Change it above to see your own.

Affordable23.6% of income

Under the 28% guideline.

PITI$1,477

P/I23.6%

Afford$275K

Room+$43K

P&I $1,173Tax $137Ins $167

Buying $88/mo cheaper ($1,565 rent)6.50% 30yr, 20% down, county tax + TN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Tennessee

Compare Millington with other housing markets across Tennessee.

Brentwood$1.39M College Grove$1.23M Arrington$1.13M Lookout Mountain$977K Franklin$904K Nolensville$819K Thompsons Station$728K Eads$681K

Full Memphis, TN-MS-AR analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Memphis, TN-MS-AR metro.

View Memphis, TN-MS-AR metro

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Millington, TN