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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 $422,646, higher than the Connecticut average of $418,901.
The average cost of rent is $2,066/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 24.45% of households rent, and 36.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $9,746 per month. Households that rent pay about 21.20% of their income on rent here. Milford’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Woodmont, CT: higher priced homes
- Stratford, CT: less expensive homes
- Orange, CT: higher priced homes
- West Haven, CT: less expensive homes
- Shelton, CT: equally priced homes
- Derby, CT: less expensive homes
- Bridgeport, CT: higher priced homes
- Trumbull, CT: higher priced homes
- Ansonia, CT: less expensive homes
- Woodbridge, CT: higher priced homes
Cities with Similar Populations
- Ballwin, MO: less expensive homes
- Bedford, TX: less expensive homes
- Wheaton, MD: higher priced homes
- Wayne, NJ: higher priced homes
- Irondequoit, NY: less expensive homes
- Jamaica Plain, MA: higher priced homes
- Crystal Lake, IL: less expensive homes
- East Hartford, CT: less expensive homes
- Palm Desert, CA: higher priced homes
- Princeton, FL: equally priced homes
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