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These days, finding an affordable place to live in the Milford area can be challenging. Home prices in Milford are now at a median cost of $140,816, lower than the Arkansas average of $207,061.
The average cost of rent is $675/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 17.39% of households rent, and 60.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $4,657 per month. Households that rent pay about 14.50% of their income on rent here. Milford’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lockesburg, AR: equally priced homes
- Pennys, AR: higher priced homes
- Ben Lomond, AR: higher priced homes
- Provo, AR: less expensive homes
- Brownstown, AR: higher priced homes
- Center Point, AR: less expensive homes
- Buck Range, AR: less expensive homes
- Paraloma, AR: higher priced homes
- Mineral Springs, AR: less expensive homes
- Stringtown, AR: equally priced homes
Cities with Similar Populations
- Rogers, ND: higher priced homes
- Roaring Springs, TX: less expensive homes
- Robertsdale, PA: equally priced homes
- Robertson, WY: higher priced homes
- Robinson, AR: higher priced homes
- Robinsonville, AL: less expensive homes
- Rock Camp, WV: less expensive homes
- Rock, IL: equally priced homes
- Rockport, IL: less expensive homes
- Rockwood, AL: higher priced homes
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