The housing market in Milford, MN has been growing at a rapid pace over the past year. The median value of a home is currently at $360,900, which is significantly higher than the US House Median Value of $338,100. This indicates that the house appreciation rate in Milford is higher than the national average of 8.27%, with an impressive 11.33% appreciation rate seen over the last year. With such strong home values and appreciation rates, investing in real estate in Milford could be a great option for those looking to break into the housing market.
The median home cost in Milford is $360,900. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Milford is up 11.6%.
Average Age of Homes
- The median age of Milford real estate is 47 years old
The Rental Market in Milford
- Renters make up 4.2% of the Milford population
- 0.0% of houses and apartments in Milford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.