The housing market in Milford, CT has been growing steadily over the past year, with a median value of $392,000 and a one-year house appreciation rate of 10.61%. This is higher than the national median value of $338,100 and house appreciation rate of 8.27%, indicating that the housing market in Milford is doing better than the national average. This is good news for potential home buyers or those looking to invest in real estate in this city. With continued growth in the housing market, there are plenty of opportunities to find a great place to call home or make an attractive return on investment.
The median home cost in Milford is $392,000. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Milford is up 13.4%.
Average Age of Homes
- The median age of Milford real estate is 54 years old
The Rental Market in Milford
- Renters make up 21.1% of the Milford population
- 1.1% 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.