Milford, MA Real Estate
According to census data in the year 2000 there were 9,811 housing units in Milford.
This represents a 7% growth from 9,168 in 1990.
Of those housing units, 9,751 were located in either urbanized areas or urban clusters, and 60 were located in what is classified as a rural area.
Homeownership rate in Milford is about 62.3%.
Milford's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Milford were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 13.30% |
| Two Bedrooms | 29.90% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 18.20% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $170,300 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $529 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 9.70% |
| Simple Mortgage | 59.70% |
| Debt Free | 25.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
