Milford, IA Real Estate
According to census data in the year 2000 there were 1,133 housing units in Milford.
This represents a 22.5% growth from 925 in 1990.
Of those housing units, 1,127 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.
Homeownership rate in Milford is about 73.6%.
Milford's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Milford were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 11.20% |
| Two Bedrooms | 31.20% |
| Three Bedrooms | 39.20% |
| Four Bedrooms | 14.50% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $78,500 |
| Median Price asked for vacant units | $60,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.69 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $372 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 46.90% |
| Debt Free | 40.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
