Milford, PA 18337 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Milford, PA—18337

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$356,000

3.6% YoY Growth

Household Income

$89,900

18.7% YoY Growth

Days on Market

55.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$2,400

14.8% YoY Growth

1-Bed Rent

$1,450

N/A

2-Bed Rent

$2,500

25.0% YoY Growth

3-Bed Rent

$2,300

5.7% YoY Growth

Home Price Trends — Milford, PA

As of May '26, the median home price in Milford, PA is $356,000, with a year-over-year change of 3.6%. This indicates that home prices in Milford, PA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$356,000	3.6%
Single Family	$358,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

11.3%

1 Bedroom

20.7%

2 Bedrooms

24.9%

3 Bedrooms

39.4%

4 Bedrooms

3.6%

Property Listings — Milford, PA

As of May '26, Realtor.com reports that the median days on market for a home in Milford, PA is 51. This is a increase of 55.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$399,000	1.0%
Listing Count	126	14.0%
Listings as % of Homes	1.1%	14.0%
Days on Market	51	55.0%

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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%

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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%

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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%

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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

Milford, PA—18337

Key Metrics at a Glance

Home Price Trends — Milford, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milford, PA

% of Rental Stock

Property Listings — Milford, PA

Demographics — Milford, PA

Race and Ethnicity

Mortgage and Risk — Milford, PA

Mortgages

Rentals and Section 8 — Milford, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Milford, PA

Home Price to Income Ratio

Milford, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Shohola, PA

Knights Eddy

Bevans, NJ

Montague Township, NJ

Matamoras, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$356,000
Median Household Income	$89,900

Milford, PA—18337

Key Metrics at a Glance

Home Price Trends — Milford, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milford, PA

% of Rental Stock

Property Listings — Milford, PA

Demographics — Milford, PA

Race and Ethnicity

Mortgage and Risk — Milford, PA

Mortgages

Rentals and Section 8 — Milford, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Milford, PA

Home Price to Income Ratio

Milford, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Shohola, PA

Knights Eddy

Bevans, NJ

Montague Township, NJ

Matamoras, PA

Frequently Asked Questions

What is the average home price in Milford, PA 18337?

How have home prices in Milford, PA 18337 changed over the past year?

What is the home price projection for Milford, PA 18337?

What are the demographics of Milford, PA 18337?

How long does it take homes to sell in Milford, PA 18337?

What is the average rent price in Milford, PA 18337?