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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 $473,224, lower than the Massachusetts average of $625,090.
The average cost of rent is $2,030/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 35.14% of households rent, and 34.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $8,132 per month. Households that rent pay about 24.96% of their income on rent here. Milford’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hopedale, MA: equally 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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