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Milford Colony

Learn about the people, housing, costs and businesses in Milford Colony, Montana

Median Home$358,300
Median Rent$792/month
Population1
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare3% education
Home Value Growth⬆⬆⬆+40.8% over 2 years
Retirees27% of residentsabove average nationally
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
NotableVeteran Community10% of residents · top 14% nationally
Milford Colony
MT

Frequently Asked Questions

What are today's mortgage rates in Milford Colony?

As of today, the 30-year fixed mortgage rate for Milford Colony is approximately 6.872% (6.907% 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 Colony?

The median home value in Milford Colony is $358k. The median monthly rent is $792. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Milford Colony?

Home values in Milford Colony have increased 40.8% 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 Colony?

Based on a typical all-in ownership cost of $646/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milford Colony is $49k/year.

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What industries drive the economy in Milford Colony?

The largest employment sectors in Milford Colony are public administration (21%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.