Affordable
Expensive
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These days, finding an affordable place to live in the New Milford area can be challenging. Home prices in New Milford are now at a median cost of $200,423, lower than the Pennsylvania average of $288,156.
The average cost of rent is $1,028/mo in New Milford, primarily driven by the current value of real estate in the New Milford area. In New Milford, 25.04% of households rent, and 51.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Milford is $5,567 per month. Households that rent pay about 18.47% of their income on rent here. New Milford’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Heart Lake, PA: higher priced homes
- Lakeview, PA: higher priced homes
- Tiffany, PA: higher priced homes
- Harford, PA: higher priced homes
- Brushville, PA: equally priced homes
- Brooklyn, PA: higher priced homes
- Kingsley, PA: higher priced homes
- Jackson, PA: higher priced homes
- Susquehanna, PA: equally priced homes
- Franklin Forks, PA: equally priced homes
Cities with Similar Populations
- Bozrah, CT: higher priced homes
- Burnside, KY: less expensive homes
- Candor, NC: less expensive homes
- Climax, GA: less expensive homes
- Roseland, LA: less expensive homes
- Linden, TX: less expensive homes
- Lyndon Station, WI: higher priced homes
- Magnolia Gardens, TX: higher priced homes
- Makanda, IL: equally priced homes
- Markesan, WI: higher priced homes
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