What is the average home price in Milford, DE 19963?

As of May '26, the median home price in Milford, DE 19963 is $349,000, based on Zillow home estimates.

How have home prices in Milford, DE 19963 changed over the past year?

As of May '26, home prices have increased 1.0% over the past year, according to Zillow home estimates data.

What is the home price projection for Milford, DE 19963?

As of May '26, Zillow projects home prices in Milford, DE 19963 to increase 1.6% in the next year.

What are the demographics of Milford, DE 19963?

According to the latest Census, the demographics of Milford, DE 19963 are 62.1% White, 20.3% Black, 2.7% Asian, 10.3% Hispanic. The population is 22,500, with 23.3% under 18 years old.

How long does it take homes to sell in Milford, DE 19963?

According to Realtor.com, as of May '26, the median home in Milford, DE 19963 is on the market for 52 days. This is an increase of 1.0% from last year.

What is the average rent price in Milford, DE 19963?

The average rent price in Milford, DE 19963, as of the latest data, is $2,020. The average rent for 1 bedroom homes is $1,380. For 2, 3, and 4 bedroom homes, the average rent is $1,580, $2,060, and $2,540 respectively.

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Milford, DE—19963

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$349,000

1.0% YoY Growth

Household Income

$65,400

13.6% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,950

14.1% YoY Growth

1-Bed Rent

$1,200

31.4% YoY Growth

2-Bed Rent

$1,750

0.6% YoY Growth

3-Bed Rent

$2,000

2.5% YoY Growth

Home Price Trends — Milford, DE

As of May '26, the median home price in Milford, DE is $349,000, with a year-over-year change of 1.0%. This indicates that home prices in Milford, DE are flat. 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	$349,000	1.0%
Single Family	$359,000	1.1%
Condos	$253,000	-9.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$400,000	-2.0%
Listing Count	135	-13.0%
Listings as % of Homes	0.8%	-13.0%
Days on Market	52	1.0%

Metric	Latest Census	YoY % Change
Population	22,500	8.5%
% Under 18	23.3%	4.0%
% Seniors	22.3%	5.7%
% WFH	8.4%	52.7%
% w/ College Degree	27.4%	7.5%

Metric	Zip Code Average
Total Loan Originations	651
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	1.0%
% Second Loans	4.0%
% Cash Out Refinance	10.0%

Total Units under HUD	262
Total Units Section 8	245
% Rentals under Section 8	9.2%
% Occupied Section 8	83.3%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$160	$1,200	$1,040
2 Bedroom	-$400	$1,750	$1,350
3 Bedroom	-$230	$2,000	$1,770
4 Bedroom	-$460	$2,550	$2,090

Milford, DE—19963

Key Metrics at a Glance

Home Price Trends — Milford, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milford, DE

% of Rental Stock

Property Listings — Milford, DE

Demographics — Milford, DE

Race and Ethnicity

Mortgage and Risk — Milford, DE

Mortgages

Rentals and Section 8 — Milford, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Milford, DE

Home Price to Income Ratio

Milford, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Lincoln, DE

Frederica, DE

Houston, DE

Ellendale, DE

Magnolia, DE

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,950	$2,020
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,380
2 Bed Rent	$1,750	$1,580
3 Bed Rent	$2,000	$2,060
4 Bed Rent	$2,550	$2,540

Metric	Latest Census	5-Year % Change
% White	62.1%	-9.1%
% Black	20.3%	36.2%
% Hispanic	10.3%	-19.5%
% Asian	2.7%	107.7%
% Foreign Born	10.9%	62.7%

Metric	Zip Code Average
Home Price to Income Ratio	4.9
Median Home Price	$349,000
Median Household Income	$65,400