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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 $249,828, lower than the Utah average of $525,914.
The average cost of rent is $1,007/mo in Milford, primarily driven by the current value of real estate in the Milford area. In Milford, 25.63% of households rent, and 31.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milford is $6,982 per month. Households that rent pay about 14.42% of their income on rent here. Milford’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Minersville, UT: higher priced homes
- Greenville, UT: higher priced homes
- Manderfield, UT: higher priced homes
- Beaver, UT: higher priced homes
- North Creek, UT: higher priced homes
- Marysvale, UT: higher priced homes
- Thompsonville, UT: higher priced homes
- Junction, UT: equally priced homes
- Kingston, UT: equally priced homes
- Greenwich, UT: higher priced homes
Cities with Similar Populations
- Morrisville, OH: equally priced homes
- Port Norris, NJ: less expensive homes
- Peytonsville, TN: higher priced homes
- Payson, IL: less expensive homes
- Paxtang, PA: less expensive homes
- Oreana, IL: less expensive homes
- Newport Center, VT: equally priced homes
- Newcastle, ME: higher priced homes
- Negley, OH: less expensive homes
- Sandy Valley, NV: equally priced homes
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