The housing market in Milford, CT (zip code 06460) is much higher than the US median value. According to data from the most recent census, the median house value in the area is $416,000; which is over $77,000 more than the US median value of $338,100. The area also experienced an impressive 10.61% appreciation rate over the past year- surpassing the national average of 8.27%. In conclusion, it's clear that Milford has a strong and robust housing market with great potential for investors and homeowners alike.
The median home cost in Milford (zip 06460) is $416,000. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Milford (zip 06460) is up 13.4%.
Average Age of Homes
- The median age of Milford (zip 06460) real estate is 57 years old
The Rental Market in Milford (zip 06460)
- Renters make up 24.8% of the Milford (zip 06460) population
- 1.5% of houses and apartments in Milford (zip 06460), 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.