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Milford, MI Real Estate


According to census data in the year 2000 there were 2,498 housing units in Milford. This represents a 18.5% growth from 2,108 in 1990.

Of those housing units, 2,498 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Milford is about 75%. Milford's vacancy rate, including seasonal lodging, is about 2.5%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Milford were built after 1967.

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom9.40%
Two Bedrooms20.10%
Three Bedrooms51.60%
Four Bedrooms18.20%
Five Bedrooms or more0.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.71
Median year structure was built1964
Median Value of occupied units$157,300

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1971
Median Monthly Rent asked for vacant units$850

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.40%
Home Equity Loan16.80%
Simple Mortgage58.80%
Debt Free21%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%