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Milford

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

Median Home$214,707
Median Rent$985/month
Population6,436
Leading IndustriesArts, Food & Hospitality · Education8% arts, food & hospitality
Home Value Growth⬆⬆+18.3% over 2 years
Retirees29% of residentswell above average
Renters51% of occupied units
NotableAmenity Score73/100 · highly walkable area
Milford
OH

Frequently Asked Questions

What are today's mortgage rates in Milford?

As of today, the 30-year fixed mortgage rate for Milford is approximately 6.961% (6.999% 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 $215k. The median monthly rent is $985. Annual property taxes average $3k. 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 18.3% 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 $1,105/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milford is $81k/year.

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What industries drive the economy in Milford?

The largest employment sectors in Milford are public administration (16%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.