The housing market in Milford, NY is thriving. The median value for a house in the area is $210,900, which is well below the US median of $338,100. Despite this lower cost for homes in Milford, the one year appreciation rate of 10% is significantly higher than the national average of 8.27%. This means that investing in real estate in Milford can yield significant returns over time. With such an attractive housing option and appreciation rate, it's no wonder that many people are choosing to make Milford their home.
The median home cost in Milford is $210,900. Home appreciation the last 10 years has been 51.4%. Home Appreciation in Milford is up 13.9%.
Average Age of Homes
- The median age of Milford real estate is 59 years old
The Rental Market in Milford
- Renters make up 14.1% of the Milford population
- 1.4% 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.