Milford, DE Real Estate
According to census data in the year 2000 there were 2,918 housing units in Milford.
This represents a 12.2% growth from 2,601 in 1990.
Of those housing units, 2,889 were located in either urbanized areas or urban clusters, and 29 were located in what is classified as a rural area.
Homeownership rate in Milford is about 52%.
Milford's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Milford were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 14.20% |
| Two Bedrooms | 33.30% |
| Three Bedrooms | 36.40% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $93,000 |
| Median Price asked for vacant units | $29,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $488 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 47.50% |
| Debt Free | 41% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
