Milford, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Milford, OH 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 6,847 people, 3,104 houses or apartments, and a median cost of homes of $125,431, house prices in Milford are solidly below the national average.

Single-family detached homes are the single most common housing type in Milford, accounting for 41.30% of the city's housing units. Other types of housing that are prevalent in Milford include large apartment complexes or high rise apartments ( 40.94%), duplexes, homes converted to apartments or other small apartment buildings ( 7.95%), and a few row houses and other attached homes ( 5.66%).

People in Milford primarily live in small (one, two or no bedroom) single-family detached homes. Milford has a mixture of owner-occupied and renter-occupied housing.

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 between 1940-1969 ( 31.31%). A lesser amount of the housing stock also hails from before 1939 ( 16.45%). There's also some housing in Milford built between 2000 and later ( 11.00%).

Milford Home Appreciation Rates

Real estate appreciation rates in Milford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

NeighborhoodScout's data show that during the latest twelve months, Milford's appreciation rate, at 3.57%, has been at or slightly above the national average. In the latest quarter, Milford's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. 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:
$125,431

Milford, OH HOME PRICES

Value Range
> $1,103,000 0.2
$827,001 - $1,103,000 0.2
$551,001 - $827,000 0.4
$441,001 - $551,000 0.4
$331,001 - $441,000 6.7
$220,001 - $331,000 15.8
$110,001 - $220,000 49.6
$55,001 - $110,000 22.2
$0 - $55,000 4.6

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
62.3520450017579 58.3989501312336

Number Of Homes And Apartments:
3,104

Milford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
18.18% 0.97% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$777 / per month

Homeownership Rate

Homeownership
Owners 43.73
Renters 56.27
Vacant 7.98

Housing Market Details

 

Age of Homes

AGE OF Milford HOMES
2000 or Newer 11.0
1970 - 1999 41.2
1940 - 1969 31.3
1939 or Older 16.5

Types of Homes

TYPE OF Milford HOMES
Single-Family 41.3
Townhomes 5.7
Small Apt. Buildings 7.9
Apt. Complexes 40.9
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Milford HOMES
No Bedroom 5.43
1 Bedroom 25.62
2 Bedrooms 32.20
3 Bedrooms 24.49
4 Bedrooms 11.33
5 or more bedrooms 0.95