Milford, NE 68405 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Milford, NE—68405

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$316,000

8.3% YoY Growth

Household Income

$80,900

43.8% YoY Growth

Days on Market

47.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$829

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Milford, NE

As of May '26, the median home price in Milford, NE is $316,000, with a year-over-year change of 8.3%. This indicates that home prices in Milford, NE are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$316,000	8.3%
Single Family	$317,000	8.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.9%

1 Bedroom

23.3%

2 Bedrooms

35.1%

3 Bedrooms

30.1%

4 Bedrooms

8.9%

5+ Bedrooms

0.7%

Property Listings — Milford, NE

As of May '26, Realtor.com reports that the median days on market for a home in Milford, NE is 23. This is a increase of 47.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$330,000	-29.0%
Listing Count	5	-62.0%
Listings as % of Homes	0.1%	-62.0%
Days on Market	23	47.0%

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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%

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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%

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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%

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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

Milford, NE—68405

Key Metrics at a Glance

Home Price Trends — Milford, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milford, NE

% of Rental Stock

Property Listings — Milford, NE

Demographics — Milford, NE

Race and Ethnicity

Mortgage and Risk — Milford, NE

Mortgages

Rentals and Section 8 — Milford, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Milford, NE

Home Price to Income Ratio

Milford, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Dale, NE

Seward, NE

Dorchester, NE

Goehner

Crete, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$316,000
Median Household Income	$80,900

Milford, NE—68405

Key Metrics at a Glance

Home Price Trends — Milford, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milford, NE

% of Rental Stock

Property Listings — Milford, NE

Demographics — Milford, NE

Race and Ethnicity

Mortgage and Risk — Milford, NE

Mortgages

Rentals and Section 8 — Milford, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Milford, NE

Home Price to Income Ratio

Milford, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Dale, NE

Seward, NE

Dorchester, NE

Goehner

Crete, NE

Frequently Asked Questions

What is the average home price in Milford, NE 68405?

How have home prices in Milford, NE 68405 changed over the past year?

What is the home price projection for Milford, NE 68405?

What are the demographics of Milford, NE 68405?

How long does it take homes to sell in Milford, NE 68405?

What is the average rent price in Milford, NE 68405?