Milford, NJ Real Estate
According to census data in the year 2000 there were 484 housing units in Milford.
This represents a 8.3% decline from 528 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 484 were located in what is classified as a rural area.
Homeownership rate in Milford is about 68.7%.
Milford's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Milford were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 12.40% |
| Two Bedrooms | 25.20% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $153,800 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 48.30% |
| Debt Free | 35.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.9% |
