Milford, OH—45150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milford, OH
As of Nov '25, the median home price in Milford, OH is $327,000, with a year-over-year change of 3.3%. This indicates that home prices in Milford, OH are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 3.3% |
| Single Family | $346,000 | 3.6% |
| Condos | $235,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 1.3% |
3 Bed | $298,000 | 3.8% |
4 Bed | $444,000 | 5.0% |
| 5 Bed | $547,794 | 4.0% |
% of Housing Stock
Rental Trends — Milford, OH
As of July '25, Rentcast reports the average rent in Milford, OH is $1,660, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Milford, OH is 1-bedrooms: $1,010, 2-bedrooms: $1,570, 3-bedrooms: $2,310, 4-bedrooms: $3,180. The most common rental property sizes in Milford, OH are 1-bedroom and 2-bedroom, accounting for 41.0% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,010 |
| 2 Bed Rent | $1,150 | $1,570 |
| 3 Bed Rent | $2,500 | $2,310 |
| 4 Bed Rent | $3,040 | $3,180 |
% of Rental Stock
Property Listings — Milford, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Milford, OH is 46. This is a decrease of -47.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -1.0% |
Listing Count | 106 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 46 | -47.0% |
Demographics — Milford, OH
As of the latest ACS Survey released in 2023, Milford, OH has a population of 33,300, which has increased by 2.2% over the past 5 years. Milford, OH is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 41.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,300 | 2.2% |
% Under 18 | 20.9% | -13.6% |
% Seniors | 21.7% | 11.3% |
% WFH | 14.2% | 118.5% |
% w/ College Degree | 41.0% | 23.1% |
As of the latest ACS Survey released in 2023, Milford, OH is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Milford, OH is hispanic, making up 2.0% of the population. Foreign-born residents account for 2.2% of the population in Milford, OH, and this percentage has decreased by 15.4% 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 | 91.4% | -2.2% |
% Black | 1.9% | -13.6% |
% Hispanic | 2.0% | 5.3% |
% Asian | 1.2% | 20.0% |
% Foreign Born | 2.2% | -15.4% |
Mortgage and Risk — Milford, OH
According to HUD data as of 2023, there were 812 mortgage originations in Milford, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Milford, OH. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 812 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Rentals and Section 8 — Milford, OH
As of 2024, the percent of homes in Milford, OH under the Section 8 program is 13.5%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Milford, OH, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 591 |
Total Units Section 8 | 497 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | 88.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $995 | $970 |
| 2 Bedroom | $110 | $1,150 | $1,260 |
| 3 Bedroom | -$830 | $2,500 | $1,670 |
| 4 Bedroom | -$1,190 | $3,040 | $1,850 |
Affordability — Milford, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $327,000 |
| Median Household Income | $91,800 |