The Most Affordable Neighborhoods in Milford, CA by Home Value

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 $153,207, lower than the California average of $812,006.

The average cost of rent is $1,134/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 32.31% of households rent, and 49.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Milford is $4,659 per month. Households that rent pay about 24.34% of their income on rent here. Milford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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