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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 $242,317, lower than the Missouri average of $246,641.
The average cost of rent is $613/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 23.13% of households rent, and 54.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $5,297 per month. Households that rent pay about 11.57% 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
- Lamar, MO: less expensive homes
- Lamar Heights, MO: less expensive homes
- Irwin, MO: equally priced homes
- Kenoma, MO: equally priced homes
- Iantha, MO: less expensive homes
- Newport, MO: higher priced homes
- Oakton, MO: equally priced homes
- Verdella, MO: equally priced homes
- Sheldon, MO: less expensive homes
- Liberal, MO: less expensive homes
Cities with Similar Populations
- Oostanaula, GA: equally priced homes
- Otego, KS: less expensive homes
- Oswego, IN: higher priced homes
- Oscarville, AK: less expensive homes
- Oscar, OK: less expensive homes
- Orviston, PA: less expensive homes
- Oregon Hill, PA: less expensive homes
- Oreana, ID: higher priced homes
- Ops, ND: less expensive homes
- Otselic Center, NY: less expensive homes
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