Milford, NH—03055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milford, NH
As of Oct '25, the median home price in Milford, NH is $500,000, with a year-over-year change of 3.5%. This indicates that home prices in Milford, NH are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $500,000 | 3.5% |
| Single Family | $528,000 | 2.9% |
| Condos | $327,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $281,000 | 4.5% |
2 Bed | $381,000 | 4.1% |
3 Bed | $519,000 | 3.0% |
4 Bed | $606,000 | 2.9% |
| 5 Bed | $630,000 | 2.1% |
% of Housing Stock
Rental Trends — Milford, NH
As of July '25, Rentcast reports the average rent in Milford, NH is $2,030, with a year-over-year rent change of 18.0%. Per bedroom, the median rent as of July '25 in Milford, NH is studios: $1,430, 1-bedrooms: $1,750, 2-bedrooms: $1,960, 3-bedrooms: $2,520, 4-bedrooms: $2,500. The most common rental property sizes in Milford, NH are 2-bedroom and 1-bedroom, accounting for 46.2% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,940 | $2,030 |
| Studio Rent | $1,430 | $1,430 |
| 1 Bed Rent | $1,700 | $1,750 |
| 2 Bed Rent | $1,960 | $1,960 |
| 3 Bed Rent | $2,400 | $2,520 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Milford, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Milford, NH is 33. This is a increase of 120.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $576,000 | 10.0% |
Listing Count | 25 | 63.0% |
| Listings as % of Homes | 0.2% | 63.0% |
Days on Market | 33 | 120.0% |
Demographics — Milford, NH
As of the latest ACS Survey released in 2023, Milford, NH has a population of 16,300, which has increased by 5.0% over the past 5 years. Milford, NH is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 5.0% |
% Under 18 | 22.3% | -0.9% |
% Seniors | 14.9% | -7.5% |
% WFH | 14.6% | 121.2% |
% w/ College Degree | 34.4% | -1.1% |
As of the latest ACS Survey released in 2023, Milford, NH is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Milford, NH is hispanic, making up 2.1% of the population. Foreign-born residents account for 6.6% of the population in Milford, NH, and this percentage has decreased by 5.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.0% | -3.0% |
% Black | 0.7% | -56.2% |
% Hispanic | 2.1% | -25.0% |
% Asian | 1.8% | -52.6% |
% Foreign Born | 6.6% | -5.7% |
Mortgage and Risk — Milford, NH
According to HUD data as of 2023, there were 268 mortgage originations in Milford, NH, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Milford, NH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Milford, NH
As of 2024, the percent of homes in Milford, NH under the Section 8 program is 7.0%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Milford, NH, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 164 |
Total Units Section 8 | 164 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,700 | $1,560 |
| 2 Bedroom | $90 | $1,960 | $2,050 |
| 3 Bedroom | $320 | $2,400 | $2,720 |
| 4 Bedroom | $390 | $2,500 | $2,890 |
Affordability — Milford, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $500,000 |
| Median Household Income | $94,500 |