Milford, NE—68405
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milford, NE
As of Oct '25, the median home price in Milford, NE is $297,000, with a year-over-year change of 4.4%. This indicates that home prices in Milford, NE 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 | $297,000 | 4.4% |
| Single Family | $297,000 | 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 | $221,000 | 4.2% |
3 Bed | $296,000 | 4.6% |
4 Bed | $331,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milford, NE
Milford, NE lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $829 | $829 |
| Studio Rent | $829 | $829 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Milford, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Milford, NE is 6. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -41.0% |
Listing Count | 8 | -4.0% |
| Listings as % of Homes | 0.1% | -4.0% |
Days on Market | 6 | -6.0% |
Demographics — Milford, NE
As of the latest ACS Survey released in 2023, Milford, NE has a population of 3,510, which has increased by 1.3% over the past 5 years. Milford, NE is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,510 | 1.3% |
% Under 18 | 23.7% | -3.3% |
% Seniors | 16.0% | -13.5% |
% WFH | 6.0% | 122.2% |
% w/ College Degree | 26.5% | 29.9% |
As of the latest ACS Survey released in 2023, Milford, NE is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Milford, NE is hispanic, making up 1.9% of the population. Foreign-born residents account for 1.7% of the population in Milford, NE, and this percentage has increased by 41.7% 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 | 94.0% | -0.1% |
% Black | 1.3% | 333.3% |
% Hispanic | 1.9% | -29.6% |
% Asian | 0.5% | -28.6% |
% Foreign Born | 1.7% | 41.7% |
Mortgage and Risk — Milford, NE
According to HUD data as of 2023, there were 83 mortgage originations in Milford, NE, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Milford, NE. Investor activity is low, as 11.0% of loans were by investors. 28.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 28.0% |
Loan Activity
Rentals and Section 8 — Milford, NE
Milford, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Milford, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $297,000 |
| Median Household Income | $80,900 |