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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 $321,727, lower than the Delaware average of $361,617.
The average cost of rent is $1,276/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 34.66% of households rent, and 43.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $6,235 per month. Households that rent pay about 20.46% of their income on rent here. Milford’s most expensive areas are in the southeastern 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
- Lincoln, DE: less expensive homes
- Chestnut Knoll, DE: higher priced homes
- Houston, DE: equally priced homes
- Mispillion Light, DE: higher priced homes
- Slaughter Beach, DE: higher priced homes
- Marvels Crossroads, DE: less expensive homes
- Thompsonville, DE: less expensive homes
- Ellendale, DE: less expensive homes
- Farmington, DE: less expensive homes
- Harrington, DE: equally priced homes
Cities with Similar Populations
- Alexandria, KY: equally priced homes
- Alpena, MI: less expensive homes
- Spring Creek, NV: equally priced homes
- Ashland, MA: higher priced homes
- North Canton, OH: less expensive homes
- Orinda, CA: higher priced homes
- Ontario, OR: less expensive homes
- Okatie, SC: higher priced homes
- Norwood, OH: less expensive homes
- Norton, MA: higher priced homes
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