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Real Estate Prices & Overview

Milford Northwest median real estate price is $453,829, which is less expensive than 70.5% of Massachusetts neighborhoods and 33.1% of all U.S. neighborhoods.

The average rental price in Milford Northwest is currently $2,319, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.1% of Massachusetts neighborhoods.

Milford Northwest is an urban neighborhood (based on population density) located in Milford, Massachusetts.

Milford Northwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Milford Northwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Milford Northwest are 3.7%, which is lower than one will find in 76.8% of American neighborhoods. Demand for real estate in Milford Northwest is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Milford, the Milford Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Milford Northwest neighborhood has more Brazilian and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.5% of this neighborhood's residents have Brazilian ancestry and 7.3% have Portuguese ancestry.

Milford Northwest is also pretty special linguistically. Significantly, 9.6% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Milford Northwest neighborhood in Milford are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 51.6% of the neighborhoods in America. With 36.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.1% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Milford Northwest neighborhood, 35.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.7%), and 10.6% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Milford Northwest neighborhood is English, spoken by 61.5% of households. Other important languages spoken here include Spanish and Portuguese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Milford Northwest neighborhood in Milford, MA, residents most commonly identify their ethnicity or ancestry as Brazilian (16.5%). There are also a number of people of Italian ancestry (13.7%), and residents who report Irish roots (10.4%), and some of the residents are also of Puerto Rican ancestry (10.0%), along with some Portuguese ancestry residents (7.3%), among others. In addition, 20.3% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Milford Northwest neighborhood spend between 45 minutes and one hour commuting one-way to work (34.9% of working residents), longer and tougher than most commutes in America.

Here most residents (74.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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