Milford, IN—46542
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milford, IN
As of Nov '25, the median home price in Milford, IN is $267,000, with a year-over-year change of 4.5%. This indicates that home prices in Milford, IN 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 | $267,000 | 4.5% |
| Single Family | $268,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 4.1% |
3 Bed | $260,000 | 4.4% |
4 Bed | $328,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milford, IN
Milford, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 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, IN
As of Nov '25, Realtor.com reports that the median days on market for a home in Milford, IN is 45. This is a decrease of -52.0% 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 | $294,000 | 8.0% |
Listing Count | 17 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 45 | -52.0% |
Demographics — Milford, IN
As of the latest ACS Survey released in 2023, Milford, IN has a population of 5,110, which has increased by 25.1% over the past 5 years. Milford, IN is a popular place for families, as children make up 27.5% of the population. The area has a poorly educated workforce, with 8.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,110 | 25.1% |
% Under 18 | 27.5% | 15.5% |
% Seniors | 17.1% | 14.8% |
% WFH | 3.4% | 30.8% |
% w/ College Degree | 8.3% | -13.5% |
As of the latest ACS Survey released in 2023, Milford, IN is a predominantly white area, with 82.6% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Milford, IN is hispanic, making up 12.6% of the population. Foreign-born residents account for 4.5% of the population in Milford, IN, and this percentage has decreased by 45.1% 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 | 82.6% | 3.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 12.6% | -31.9% |
% Asian | 1.0% | 25.0% |
% Foreign Born | 4.5% | -45.1% |
Mortgage and Risk — Milford, IN
According to HUD data as of 2023, there were 130 mortgage originations in Milford, IN, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Milford, IN. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 130 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 20.0% |
Rentals and Section 8 — Milford, IN
Milford, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Milford, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $267,000 |
| Median Household Income | $75,200 |