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These days, finding an affordable place to live in the Milford Junction area can be challenging. Home prices in Milford Junction are now at a median cost of $261,830, higher than the Indiana average of $232,932.
The average cost of rent is $1,156/mo in Milford Junction, primarily driven by the current value of real estate in the Milford Junction area. In Milford Junction, 9.53% of households rent, and 40.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford Junction is $8,463 per month. Households that rent pay about 13.65% of their income on rent here. Milford Junction’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, IN: less expensive homes
- New Paris, IN: equally priced homes
- Indian Village, IN: less expensive homes
- Foraker, IN: higher priced homes
- Syracuse, IN: equally priced homes
- Hastings, IN: higher priced homes
- Nappanee, IN: equally priced homes
- Clunette, IN: equally priced homes
- Midway, IN: higher priced homes
- Southwest, IN: higher priced homes
Cities with Similar Populations
- Roxalana, WV: less expensive homes
- Medimont, ID: higher priced homes
- Medina, ND: less expensive homes
- Medora, IA: higher priced homes
- Medora, KS: less expensive homes
- Melrose, GA: less expensive homes
- Melson, GA: equally priced homes
- Merriam, IN: equally priced homes
- Rockville, NE: less expensive homes
- Rosewood, KY: less expensive homes
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