Milford, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Milford Neighborhoods Since 2000




Milford, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Milford Housing Market Information

With a population of 28,614, 10,865 total housing units (homes and apartments), and a median house value of $318,146, real estate costs in Milford are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Milford, accounting for 53.90% of the town's housing units. Other types of housing that are prevalent in Milford include duplexes, homes converted to apartments or other small apartment buildings ( 17.87%), large apartment complexes or high rise apartments ( 16.15%), and a few row houses and other attached homes ( 11.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Milford. Owner-occupied housing accounts for 65.90% of Milford's homes, and 54.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Milford built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Milford built before 1939 ( 29.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.32%). There's also some housing in Milford built between 2000 and later ( 7.89%).

Milford Home Appreciation Rates

Milford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Milford during the period has been just -1.32%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Milford's appreciation rate, at 4.58%, has been at or slightly above the national average. In the latest quarter, Milford's appreciation rate has been 0.33%, which annualizes to a rate of 1.33%.

Relative to Massachusetts, our data show that Milford's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Milford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Milford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Milford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$318,146

Milford, MA HOME PRICES

Value Range
> $1,129,000 0.2
$847,001 - $1,129,000 0.0
$565,001 - $847,000 3.7
$452,001 - $565,000 10.0
$339,001 - $452,000 29.4
$226,001 - $339,000 39.0
$113,001 - $226,000 12.2
$57,001 - $113,000 2.1
$0 - $57,000 3.4

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
14.7193249736318 64.4230769230769

Number Of Homes And Apartments:
10,865

Milford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
34.36% 1.73% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,343 / per month

Homeownership Rate

Homeownership
Owners 65.90
Renters 34.10
Vacant 5.64

Housing Market Details

 

Age of Homes

AGE OF Milford HOMES
2000 or Newer 7.9
1970 - 1999 40.9
1940 - 1969 21.3
1939 or Older 29.9

Types of Homes

TYPE OF Milford HOMES
Single-Family 53.9
Townhomes 11.9
Small Apt. Buildings 17.9
Apt. Complexes 16.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Milford HOMES
No Bedroom 1.17
1 Bedroom 13.04
2 Bedrooms 27.84
3 Bedrooms 34.82
4 Bedrooms 19.97
5 or more bedrooms 3.16