Home Price Key
Affordable
Average
Expensive
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 $338,388, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,459/mo in Milford, primarily driven by the current value of real estate in the Milford area. While nearly 25.23% of residents own their homes outright in Milford, 26.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $7,725 per month. Households that rent pay about 18.89% of their income on rent here. Milford's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Hopedale, MA: higher priced homes
- North Milford, MA: higher priced homes
- Mendon, MA: higher priced homes
- Upton, MA: higher priced homes
- Hopkinton, MA: higher priced homes
- Medway, MA: higher priced homes
- Holliston, MA: higher priced homes
- Bellingham, MA: equally priced homes
- Linwood, MA: less expensive homes
- Northbridge, MA: equally priced homes
Cities with Similar Populations
- Alliance, OH: less expensive homes
- Arroyo Grande, CA: higher priced homes
- Asbury Park, NJ: higher priced homes
- Athens, OH: less expensive homes
- Aubrey, TX: less expensive homes
- Auburndale, FL: less expensive homes
- Ballston Spa, NY: less expensive homes
- Bella Vista, AR: less expensive homes
- Beltsville, MD: equally priced homes
- Bethany, OR: higher priced homes
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