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Affordable
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These days, finding an affordable place to live in the Milford Mill area can be challenging. Home prices in Milford Mill are now at a median cost of $273,468, lower than the Maryland average of $450,578.
The average cost of rent is $1,617/mo in Milford Mill, primarily driven by the current value of real estate in the Milford Mill area. In Milford Mill, 52.18% of households rent, and 33.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford Mill is $6,839 per month. Households that rent pay about 23.64% of their income on rent here. Milford Mill’s most expensive areas are in the western 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
- Lochearn, MD: equally priced homes
- Windsor Mill, MD: higher priced homes
- Randallstown, MD: higher priced homes
- Woodlawn, MD: higher priced homes
- Pikesville, MD: higher priced homes
- Gwynn Oak, MD: equally priced homes
- Owings Mills, MD: higher priced homes
- Stevenson, MD: higher priced homes
- Catonsville, MD: higher priced homes
- Woodstock, MD: higher priced homes
Cities with Similar Populations
- Alice, TX: less expensive homes
- Bridgewater, MA: higher priced homes
- Belmont, MA: higher priced homes
- Ballenger Creek, MD: higher priced homes
- Bainbridge Island, WA: higher priced homes
- Avon, OH: higher priced homes
- Avon Lake, OH: higher priced homes
- Auburn Hills, MI: equally priced homes
- Atlantic Beach, FL: higher priced homes
- Ashtabula, OH: less expensive homes
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