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Affordable
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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 $279,360, higher than the Ohio average of $236,816.
The average cost of rent is $1,094/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 26.89% of households rent, and 38.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $7,946 per month. Households that rent pay about 13.77% of their income on rent here. Milford’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Camp Dennison, OH: higher priced homes
- Perintown, OH: higher priced homes
- Williams Corner, OH: less expensive homes
- Miamiville, OH: equally priced homes
- Terrace Park, OH: higher priced homes
- Stonelick, OH: higher priced homes
- Loveland, OH: higher priced homes
- Indian Hill, OH: higher priced homes
- Remington, OH: higher priced homes
- Goshen, OH: less expensive homes
Cities with Similar Populations
- Troy, OH: equally priced homes
- El Paso de Robles, CA: higher priced homes
- Ephrata, PA: equally priced homes
- Erie, CO: higher priced homes
- Eustis, FL: equally priced homes
- Franklin Town, MA: higher priced homes
- Garden City, KS: less expensive homes
- Henderson, KY: less expensive homes
- Laplace, LA: less expensive homes
- Searcy, AR: less expensive homes
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