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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 $208,991, lower than the Indiana average of $232,932.
The average cost of rent is $1,049/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 19.58% of households rent, and 36.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $6,612 per month. Households that rent pay about 15.87% of their income on rent here. Milford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Milford Junction, IN: higher priced homes
- Indian Village, IN: less expensive homes
- New Paris, IN: higher priced homes
- Syracuse, IN: higher priced homes
- Hastings, IN: higher priced homes
- Clunette, IN: higher priced homes
- Foraker, IN: higher priced homes
- Oswego, IN: higher priced homes
- Leesburg, IN: higher priced homes
- Nappanee, IN: higher priced homes
Cities with Similar Populations
- Cedar Hill, TN: higher priced homes
- East Dubuque, IL: equally priced homes
- Elwood, IL: higher priced homes
- Fort Mitchell, AL: equally priced homes
- Frazier Park, CA: higher priced homes
- Frederick, OK: less expensive homes
- Luverne, AL: less expensive homes
- Independence, VA: less expensive homes
- Marionville, MO: equally priced homes
- Mason, TN: less expensive homes
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