The housing prices in Milford, NJ are considerably higher than the US Median house value. According to recent data, the median value of a home in Milford is $406,300 while the US median house value is $338,100. In addition to these higher prices, the 1 year appreciation for homes in Milford has been 10.79%, which is higher than the US average of 8.27%. This indicates that home values in Milford are not only high right now but also increasing at an above average rate. Investing in real estate in this region appears to be a financially viable option for prospective homeowners.
The median home cost in Milford is $406,300. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Milford is up 15.1%.
Average Age of Homes
- The median age of Milford real estate is 66 years old
The Rental Market in Milford
- Renters make up 30.8% 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.