The housing market in Milford, MI is currently thriving, with the median value for a home sitting at $422,400. This is slightly higher than the US median value of $338,100. The US 1 year house appreciation rate is 8.27%, while in Milford it is slightly lower at 8%. This indicates that the housing market in Milford has remained stable, and is still on an upward trend despite being a bit behind the national average. With such a strong market, now is a great time to invest in real estate in Milford!
The median home cost in Milford is $422,400. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Milford is up 11.2%.
Average Age of Homes
- The median age of Milford real estate is 45 years old
The Rental Market in Milford
- Renters make up 29.1% 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.