Milford city (balance): Housing & Real Estate
Homes in Milford city (balance) carry a median value of $415,200 (estimated market value runs 25% higher at $518,369), with median rent $1,882. Homeownership rate: 75.5%. Market is warm. Vacancy rate 7.5%. New construction makes up 5.4% of stock. A municipal building code is in effect.
- 3.7× annual income — home value vs. household income.
- 18.4 years to break even renting at the median.
Home Values & Rent
Median home value $415,200. Median rent $1,882/month. homeownership rate 75.5% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.7× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 19.6% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 40.4% |
| Affordability · Poverty Rate | 5.2% |
| Affordability · Property Tax Pct Income | 6.0% |
| Fair Market Rent · Studio rent | $1,421 |
| Fair Market Rent · One Br | $1,529 |
| Fair Market Rent · Two Br | $1,867 |
| Fair Market Rent · Three Br | $2,319 |
| Fair Market Rent · Four Br | $2,618 |
| Fair Market Rent · Year | FY2025 |
| Home Value Estimate | $518,369 |
| Median Home Value | $415,200 |
| Median Rent | $1,882 |
Sources: HUD FMR FY2025 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 7.5% |
| Housing Market · New construction (% of stock) | 5.4% |
| Housing Market · Price Appreciation 2Yr | 10.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 85.8% |
| Broadband · Broadband-capable premises | 25,235 |
| Electricity · Electricity rate (¢/kWh) | 28.75¢/kWh |
| Electricity · Customers | 1,552,746 |
| Electricity · Revenue Millions | $3,720 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 93% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 4 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 75.5% |
|---|---|
| Median Year Built | 1966 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12