Milford, OH Real Estate
According to census data in the year 2000 there were 3,197 housing units in Milford.
This represents a 15% growth from 2,779 in 1990.
Of those housing units, 3,188 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.
Homeownership rate in Milford is about 48.6%.
Milford's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.04 people.
The majority of houses, apartments or condos in Milford were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.80% |
| One Bedroom | 27.10% |
| Two Bedrooms | 30.30% |
| Three Bedrooms | 25.40% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $117,100 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.64 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $422 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.50% |
| Second Mortgage | 9.40% |
| Home Equity Loan | 11.50% |
| Simple Mortgage | 50% |
| Debt Free | 27.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
