Milford, IL Real Estate
According to census data in the year 2000 there were 671 housing units in Milford.
This represents a 2.6% decline from 689 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 671 were located in what is classified as a rural area.
Homeownership rate in Milford is about 73.9%.
Milford's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Milford were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.40% |
| Two Bedrooms | 47.80% |
| Three Bedrooms | 30.40% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1940 |
| Median Value of occupied units | $51,100 |
| Median Price asked for vacant units | $31,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $330 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.80% |
| Home Equity Loan | 0.50% |
| Simple Mortgage | 47.50% |
| Debt Free | 49.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.4% |
