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Milford, NJ Housing

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As of 2010-2014, median price of a house in Milford is $265,200, which is lower than the state average of $319,900 and is higher than the national average of $175,700. The Milford median house value has grown by 72.43% since 2000. The growth rate for the price of a house in Milford is lower than the state average rate of 87.30% and is higher than the national average rate of 46.91%. The median year that a house in Milford was built is 1958, which is older than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 308 Owner Occupied Houses in Milford, NJ, #331

Milford, NJ	265,200 USD
New Jersey	319,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #326

Milford, NJ	72.43%
New Jersey	87.30%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Milford, NJ	New Jersey	U.S.
Total Housing Units	500, see rank, 100%	3,572,138	132,741,033
Occupied Housing Units	462, 92.40%, see rank	89.26%	87.55%
Owner Occupied	308, 61.60%, see rank	58.06%	56.34%
Renter Occupied	154, 30.80%, see rank	31.20%	31.21%
Vacant Housing Units	38, 7.60%, see rank	10.74%	12.45%
For Rent	0, 0.00%, see rank	2.18%	2.34%
For Sale Only	18, 3.60%, see rank	1.02%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	3, 0.60%, see rank	3.72%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	17, 3.40%, see rank	3.11%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #317

Milford, NJ	New Jersey	U.S.
1958	1966	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Milford, NJ	%	New Jersey	U.S.
Owner-Occupied Units	308	100%	2,073,915	74,787,460
With a Mortgage	235	76.30%, see rank	69.83%	65.58%
Without a Mortgage	73	23.70%, see rank	30.17%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Milford, NJ	2,314 USD
New Jersey	2,428 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Milford, NJ	%	New Jersey	U.S.
$299 or Less	0	0.00%, see rank	0.04%	0.20%
$300 to $499	6	2.55%, see rank	0.35%	1.59%
$500 to $699	2	0.85%, see rank	0.83%	5.01%
$700 to $999	7	2.98%, see rank	2.80%	14.32%
$1,000 to $1,499	18	7.66%, see rank	11.13%	27.90%
$1,500 to $1,999	55	23.40%, see rank	17.94%	20.35%
$2,000 to $2,999	100	42.55%, see rank	36.29%	19.52%
$3,000 or More	47	20.00%, see rank	30.63%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Milford, NJ	29.70% of the Total Income
New Jersey	27.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Milford, NJ	%	New Jersey	U.S.
10% or Less	8	3.40%, see rank	3.98%	5.86%
10% to 20%	63	26.81%, see rank	23.73%	31.95%
20% to 30%	48	20.43%, see rank	28.42%	27.64%
30% to 40%	60	25.53%, see rank	16.62%	13.74%
40% or More	56	23.83%, see rank	26.85%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Milford, NJ	1,001 USD
New Jersey	972 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Milford, NJ	%	New Jersey	U.S.
$199 or Less	0	0.00%, see rank	1.19%	7.76%
$200 to $299	0	0.00%, see rank	1.66%	14.70%
$300 to $499	6	8.22%, see rank	6.42%	34.63%
$500 to $699	8	10.96%, see rank	13.17%	21.16%
$700 or More	59	80.82%, see rank	77.56%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Milford, NJ	19.80% of the Total Income
New Jersey	18.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Milford, NJ	%	New Jersey	U.S.
10% or Less	18	24.66%, see rank	21.71%	40.19%
10% to 20%	19	26.03%, see rank	32.37%	31.47%
20% to 30%	24	32.88%, see rank	16.94%	12.24%
30% to 40%	3	4.11%, see rank	9.46%	5.64%
40% or More	9	12.33%, see rank	18.56%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Milford, NJ	New Jersey	U.S.
Total Housing Units	500, 100%	3,572,138	132,741,033
1-unit, Detached	334, 66.80%, see rank	53.67%	61.65%
1-unit, Attached	44, 8.80%, see rank	9.26%	5.82%
2 Units	35, 7.00%, see rank	9.53%	3.75%
3 or 4 Units	46, 9.20%, see rank	6.43%	4.43%
5 to 9 Units	20, 4.00%, see rank	4.80%	4.78%
10 or More Units	21, 4.20%, see rank	15.34%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	0.98%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Milford, NJ	New Jersey	U.S.
Total Housing Units	500, 100%	3,572,138	132,741,033
1 Room	4, 0.80%, see rank	2.71%	1.95%
2 Rooms	0, 0.00%, see rank	2.15%	2.48%
3 Rooms	51, 10.20%, see rank	10.30%	9.13%
4 Rooms	64, 12.80%, see rank	15.19%	16.60%
5 Rooms	84, 16.80%, see rank	16.72%	20.41%
6 Rooms	113, 22.60%, see rank	16.15%	18.06%
7 Rooms	78, 15.60%, see rank	12.48%	12.27%
8 Rooms	62, 12.40%, see rank	10.49%	8.48%
9 Rooms or More	44, 8.80%, see rank	13.81%	10.60%
Median Rooms	5.90, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Milford, NJ	New Jersey	U.S.
Total Housing Units	500, 100%	3,572,138	132,741,033
No Bedroom	4, 0.80%, see rank	2.88%	2.17%
1 Bedroom	86, 17.20%, see rank	14.18%	11.16%
2 Bedrooms	109, 21.80%, see rank	25.93%	26.69%
3 Bedrooms	216, 43.20%, see rank	32.62%	39.70%
4 Bedrooms	84, 16.80%, see rank	18.83%	16.05%
5 or More Bedrooms	1, 0.20%, see rank	5.56%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Milford, NJ	New Jersey	U.S.
Total Housing Units	462, 100%	3,188,498	116,211,092
Utility Gas	11, 2.38%, see rank	74.16%	48.85%
Bottled, Tank, or LP Gas	29, 6.28%, see rank	1.94%	4.86%
Electricity	161, 34.85%, see rank	11.66%	36.68%
Fuel Oil, Kerosene, etc.	246, 53.25%, see rank	11.10%	5.86%
Coal or Coke	3, 0.65%, see rank	0.03%	0.12%
Wood	12, 2.60%, see rank	0.44%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.32%	0.47%
No Fuel Used	0, 0.00%, see rank	0.32%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Milford, NJ	New Jersey	U.S.
Occupied Units Paying Rent	152, 100%	1,077,463	39,201,928
$199 or Less	0, 0.00%, see rank	1.46%	1.50%
$200 to $299	0, 0.00%, see rank	3.04%	3.18%
$300 to $499	4, 2.63%, see rank	3.86%	7.37%
$500 to $699	0, 0.00%, see rank	4.64%	16.01%
$700 to $999	28, 18.42%, see rank	19.19%	29.17%
$1,000 to $1,499	109, 71.71%, see rank	40.89%	26.88%
$1,500 to $1,999	10, 6.58%, see rank	17.11%	9.79%
$2,000 or More	1, 0.66%, see rank	9.81%	6.10%
Median	$1,147, see rank	$1,188	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Milford, NJ	New Jersey	U.S.
Occupied Housing Units	462, 100%	3,188,498	116,211,092
No Vehicles Available	11, 2.38%, see rank	11.70%	9.12%
1 Vehicles Available	143, 30.95%, see rank	34.71%	33.80%
2 Vehicles Available	206, 44.59%, see rank	36.16%	37.48%
3 or More Vehicles Available	102, 22.08%, see rank	17.43%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.