Milford, MA—01757
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milford, MA
As of Oct '25, the median home price in Milford, MA is $549,000, with a year-over-year change of 1.2%. This indicates that home prices in Milford, MA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $549,000 | 1.2% |
| Single Family | $570,000 | 0.9% |
| Condos | $433,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $234,000 | -1.7% |
2 Bed | $456,000 | 1.6% |
3 Bed | $522,000 | 1.0% |
4 Bed | $671,000 | 0.9% |
| 5 Bed | $705,000 | 0.7% |
% of Housing Stock
Rental Trends — Milford, MA
As of July '25, Rentcast reports the average rent in Milford, MA is $2,420, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Milford, MA is studios: $1,350, 1-bedrooms: $1,990, 2-bedrooms: $2,670, 3-bedrooms: $2,720, 4-bedrooms: $3,500. The most common rental property sizes in Milford, MA are 2-bedroom and 3-bedroom, accounting for 36.7% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,420 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,950 | $1,990 |
| 2 Bed Rent | $2,700 | $2,670 |
| 3 Bed Rent | $2,500 | $2,720 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Milford, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Milford, MA is 21. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $555,000 | 6.0% |
Listing Count | 49 | 56.0% |
| Listings as % of Homes | 0.1% | 56.0% |
Days on Market | 21 | 37.0% |
Demographics — Milford, MA
As of the latest ACS Survey released in 2023, Milford, MA has a population of 30,500, which has increased by 5.6% over the past 5 years. Milford, MA is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,500 | 5.6% |
% Under 18 | 20.7% | -10.0% |
% Seniors | 18.3% | 21.2% |
% WFH | 13.4% | 185.1% |
% w/ College Degree | 33.9% | -8.9% |
As of the latest ACS Survey released in 2023, Milford, MA is a predominantly white area, with 65.7% of the population identifying as white. The white population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Milford, MA is hispanic, making up 15.1% of the population. Foreign-born residents account for 29.7% of the population in Milford, MA, and this percentage has increased by 86.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.7% | -14.8% |
% Black | 3.2% | 33.3% |
% Hispanic | 15.1% | 12.7% |
% Asian | 2.3% | -17.9% |
% Foreign Born | 29.7% | 86.8% |
Mortgage and Risk — Milford, MA
According to HUD data as of 2023, there were 483 mortgage originations in Milford, MA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Milford, MA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 483 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Milford, MA
As of 2024, the percent of homes in Milford, MA under the Section 8 program is 4.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Milford, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 200 |
Total Units Section 8 | 129 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,950 | $1,640 |
| 2 Bedroom | -$550 | $2,700 | $2,150 |
| 3 Bedroom | $510 | $2,500 | $3,010 |
| 4 Bedroom | -$50 | $3,500 | $3,450 |
Affordability — Milford, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $549,000 |
| Median Household Income | $93,000 |