Milford, MI Real Estate
According to census data in the year 2000 there were 2,498 housing units in Milford.
This represents a 18.5% growth from 2,108 in 1990.
Of those housing units, 2,498 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Milford is about 75%.
Milford's vacancy rate, including seasonal lodging, is about 2.5%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Milford were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.40% |
| Two Bedrooms | 20.10% |
| Three Bedrooms | 51.60% |
| Four Bedrooms | 18.20% |
| Five Bedrooms or more | 0.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $157,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $850 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.40% |
| Home Equity Loan | 16.80% |
| Simple Mortgage | 58.80% |
| Debt Free | 21% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
