Milford, PA—18337
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milford, PA
As of Oct '25, the median home price in Milford, PA is $342,000, with a year-over-year change of 4.9%. This indicates that home prices in Milford, PA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 4.9% |
| Single Family | $344,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $261,000 | 4.8% |
3 Bed | $339,000 | 4.6% |
4 Bed | $425,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milford, PA
As of July '25, Rentcast reports the average rent in Milford, PA is $2,560, with a year-over-year rent change of 14.8%. Per bedroom, the median rent as of July '25 in Milford, PA is 1-bedrooms: $1,450, 2-bedrooms: $2,550, 3-bedrooms: $2,580, 4-bedrooms: $3,600. The most common rental property sizes in Milford, PA are 3-bedroom and 2-bedroom, accounting for 39.4% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,560 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | $2,500 | $2,550 |
| 3 Bed Rent | $2,300 | $2,580 |
| 4 Bed Rent | $3,600 | $3,600 |
% of Rental Stock
Property Listings — Milford, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Milford, PA is 57. This is a increase of 7.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 9.0% |
Listing Count | 132 | 1.0% |
| Listings as % of Homes | 1.1% | 1.0% |
Days on Market | 57 | 7.0% |
Demographics — Milford, PA
As of the latest ACS Survey released in 2023, Milford, PA has a population of 15,500, which has increased by 6.6% over the past 5 years. Milford, PA is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 32.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | 6.6% |
% Under 18 | 17.2% | -14.4% |
% Seniors | 21.8% | 21.1% |
% WFH | 13.3% | 137.5% |
% w/ College Degree | 32.8% | 1.9% |
As of the latest ACS Survey released in 2023, Milford, PA is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Milford, PA is hispanic, making up 9.8% of the population. Foreign-born residents account for 6.0% of the population in Milford, PA, and this percentage has decreased by 25.9% 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 | 82.0% | -3.2% |
% Black | 4.0% | 90.5% |
% Hispanic | 9.8% | -10.1% |
% Asian | 1.8% | -28.0% |
% Foreign Born | 6.0% | -25.9% |
Mortgage and Risk — Milford, PA
According to HUD data as of 2023, there were 351 mortgage originations in Milford, PA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Milford, PA. Investor activity is low, as 0.0% 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 | 351 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Milford, PA
As of 2024, the percent of homes in Milford, PA under the Section 8 program is 6.3%. 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. In Milford, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,450 | $1,300 |
| 2 Bedroom | -$810 | $2,500 | $1,690 |
| 3 Bedroom | -$100 | $2,300 | $2,200 |
| 4 Bedroom | -$790 | $3,600 | $2,810 |
Affordability — Milford, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $342,000 |
| Median Household Income | $89,900 |