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Milford

Learn about the people, housing, costs and businesses in Milford, Massachusetts

Median Home$471,249
Median Rent$1,980/month
Population27,182
Leading IndustriesWholesale Trade · Transportation · Professional Services14% wholesale trade
Home Value Growth⬆⬆+12.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners63% of occupied units
NotableAmenity Score73/100 · highly walkable area
NotableHigh Incomes$94k/year · top 21% nationally
Milford
MA

Frequently Asked Questions

What are today's mortgage rates in Milford?

As of today, the 30-year fixed mortgage rate for Milford is approximately 6.887% (6.923% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Milford?

The median home value in Milford is $471k. The median monthly rent is $1,980. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Milford?

Home values in Milford have increased 12.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Milford?

Based on a typical all-in ownership cost of $1,927/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milford is $94k/year.

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What industries drive the economy in Milford?

The largest employment sectors in Milford are public administration (21%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.