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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 $254,057, lower than the Texas average of $322,096.
The average cost of rent is $892/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 33.21% of households rent, and 51.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $5,352 per month. Households that rent pay about 16.67% of their income on rent here. Milford’s most expensive areas are in the central 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
- Mertens, TX: equally priced homes
- Carls Corner, TX: less expensive homes
- Italy, TX: equally priced homes
- Brandon, TX: equally priced homes
- Lovelace, TX: less expensive homes
- Mayfield, TX: less expensive homes
- Itasca, TX: less expensive homes
- Lone Cedar, TX: less expensive homes
- Forreston, TX: equally priced homes
- Winslow, TX: equally priced homes
Cities with Similar Populations
- Jackson, NC: less expensive homes
- Swords Creek, VA: less expensive homes
- Sweet Water, AL: less expensive homes
- Mound City, KS: less expensive homes
- Mechanicsville, IA: less expensive homes
- Marydel, DE: higher priced homes
- Afton, WI: equally priced homes
- Maple, OK: less expensive homes
- Laurens, IA: less expensive homes
- Jewett, OH: less expensive homes
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