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City · 51,023 residents · South Central Connecticut Planning Region, Connecticut

Milford , Connecticut

In Milford, a typical home is worth $415,200 and typical rent is $1,882 a month. Compared with all of South Central Connecticut Planning Region, typical household income is 26% higher, typical rent is 23% higher, and the share of households that own their home is 15 points higher.

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  • Typical home value

    $415,200

    18% above the planning region

    13% above Connecticut

    • Milford
    • South Central Connecticut
    • Connecticut

  • Typical rent

    $1,882a month

    23% above the planning region

    26% above Connecticut

    • Milford
    • South Central Connecticut
    • Connecticut

  • Typical household income

    $111,201a year

    26% above the planning region

    16% above Connecticut

    • Milford
    • South Central Connecticut
    • Connecticut

  • Households that own their home

    76%

    15 points above the planning region

    9 points above Connecticut

    • Milford
    • South Central Connecticut
    • Connecticut

Source: U.S. Census Bureau, Average 2020–2024

Milford is in South Central Connecticut Planning Region. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of South Central Connecticut Planning Region. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Milford apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Derby, the typical home value is $256,700: 38% less than in Milford ($415,200).

  2. 76% of households in Milford own their home, against 61% in South Central Connecticut Planning Region.

  3. Nearby, in West Haven, the typical rent is $1,442: 23% less than in Milford ($1,882).

  4. The typical household income in Milford is $111,201, 26% more than in South Central Connecticut Planning Region as a whole ($88,197).

  5. The typical rent in Milford is $1,882 a month, 23% more than in South Central Connecticut Planning Region as a whole ($1,525).

  6. The typical home in Milford is worth $415,200, 18% more than in South Central Connecticut Planning Region as a whole ($353,100).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Milford

What homes there are in Milford, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Milford: 67% of homes, more than in South Central Connecticut Planning Region (53%).

Year built

In Milford, half of the homes were built before 1966; in South Central Connecticut Planning Region, before 1964.

Homes in Milford are bigger: 59% have 3 bedrooms or more; in South Central Connecticut Planning Region, 52%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Milford sit under the FHA limit for South Central Connecticut Planning Region ($541,287): about 76%.

Monthly rent with utilities

With a mortgage

$2,446 a month

South Central Connecticut Planning Region: $2,377 a month

Without a mortgage

$1,089 a month

South Central Connecticut Planning Region: $1,107 a month

Owners with a mortgage

64%

South Central Connecticut Planning Region: 65%

In Milford, 64% of owners have a mortgage; their typical cost is $2,446 a month, about the same as in South Central Connecticut Planning Region.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Milford rose 33% from 2015–2019 to 2020–2024.

Since 2015–2019, the typical rent in Milford rose 19%.

While home values in Milford changed +33% and rent +19%, the typical household income rose 21%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMilfordSouth Central Connecticut Planning RegionConnecticutUnited States
Rental vacancy Unreliable estimate4.5%4.3%5.5%
Homeowner vacancy Unreliable estimate0.5%0.8%0.9%
More than one person per room Unreliable estimate2.6%2.1%3.4%
People per household 2.332.382.462.53
Drive alone 74%69%69%69%
Carpool 4%7%8%9%
Public transit 3%3%3%3%
Walk or bike Unreliable estimate5%3%3%
Work from home 18%14%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Milford look like those in South Central Connecticut Planning Region: 2.33 people on average.

Many people here do not commute at all: 18% work from home; in South Central Connecticut Planning Region, 14%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Milford?

A typical home costs more than the typical income allows

We start with a typical home in Milford, worth $415,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Milford, which is $111,201 a year. For that payment to be 28% of income, a household would need to earn about $157,372 a year.

The calculator's FHA and conventional loan limits are those of all of South Central Connecticut Planning Region.

Your numbers

Local data
$

Starts at the typical home value in Milford. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,532 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,672

at 7.18% · 30 years

Loan amount
$407,680
Total interest
$586,555
Paid off in
November 2056

Includes $7,012 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,595 a month

  • Tight

    $2,595 to $3,336 a month

  • Hard

    more than $3,336 a month

    Your payment · 40%

Compared with the typical household income in Milford ($111,201 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,672
Principal & interest$2,762
Property tax$554
Home insurance$173
FHA mortgage insurance (MIP)$184

You need at least $14,532 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Milford and South Central Connecticut Planning Region

Milford is in South Central Connecticut Planning Region, Connecticut. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Milford's own numbers

Typical home value
$415,200
Typical monthly rent
$1,882
Typical yearly household income
$111,201
Households that own their home
76%
Effective property tax rate
1.6%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of South Central Connecticut Planning Region

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,091
Price change over 5 years (FHFA)
+61%
Homes in a high flood-risk zone
4.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of South Central Connecticut Planning Region.

Everything about South Central Connecticut Planning Region

Buying

Buying a home in Milford

A typical home in Milford is worth $415,200: 18% above the planning region and 13% above Connecticut. With the typical household income in Milford ($111,201 a year), a typical home costs 3.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Milford 3.7 years
  • South Central Connecticut 4.0 years
  • Connecticut 3.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in South Central Connecticut Planning Region

According to FHFA’s house price index, home prices in South Central Connecticut Planning Region rose 76% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of South Central Connecticut Planning Region.

Period Region Connecticut U.S.
Last year (2025) +6.3% +6.1% +2.9%
5 years (2020–2025) +61% +62% +47%
10 years (2015–2025) +76% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Milford next to South Central Connecticut Planning Region, Connecticut and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Milford $415,200
  • South Central Connecticut $353,100
  • Connecticut $366,900
  • United States $332,700
Typical monthly rent
  • Milford $1,882
  • South Central Connecticut $1,525
  • Connecticut $1,488
  • United States $1,413
Typical yearly household income
  • Milford $111,201
  • South Central Connecticut $88,197
  • Connecticut $95,781
  • United States $80,734
See the full table
Milford next to South Central Connecticut Planning Region and Connecticut
Measure Milford South Central Connecticut Planning Region Connecticut U.S.
Typical home value $415,200 $353,100 $366,900 $332,700
Typical monthly rent $1,882 $1,525 $1,488 $1,413
Typical yearly household income $111,201 $88,197 $95,781 $80,734
Households that own their home 76% 61% 66% 65%
Typical yearly property tax $6,663 $6,759 $6,643 $3,119
Effective property tax rate 1.6% 1.91% 1.81% 0.94%
Renters with high rent for their income 52% 54% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below South Central Connecticut Planning Region. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Milford

For a typical $415,200 home in Milford, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Milford's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,672a month

    Least cash to close
    Down payment
    $14,532
    Cash to close
    $26,988
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $184

  • Conventional, 5% down $3,596a month

    Down payment
    $20,760
    Cash to close
    $33,216
    Rate
    7.18%
    Mortgage insurance
    PMI · $197

  • Conventional, 20% down, no PMI $2,977a month

    Down payment
    $83,040
    Cash to close
    $95,496
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,361a month

    Down payment
    $62,280
    Cash to close
    $74,736
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Milford and for South Central Connecticut Planning Region.

Property tax

Effective rate in Milford

1.6%of the home’s value each year

$6,663 a year for the typical owner in Milford.

  • Milford 1.6%
  • South Central Connecticut 1.91%
  • Connecticut 1.81%

What Connecticut publishes Deadline to appeal the assessment: February 20 (Connecticut General Assembly (General Statutes of Connecticut, Chapter 203))

Exemptions and deadlines in Connecticut

Flood risk in South Central Connecticut Planning Region

FEMA does not publish these numbers by city: they are for all of South Central Connecticut Planning Region.

Homes in the high-risk zone
4.9%
7,427
Of those, with NFIP insurance
52%
Region Connecticut U.S.
Homes in the high-risk zone 4.9% 3.1% 3.5%
Of those, with NFIP insurance 52% 51% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Milford

Typical rent in Milford is $1,882 a month: 23% above the planning region. In Milford, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of South Central Connecticut Planning Region, by unit size. To pay the 2-bedroom one ($2,091 a month) without spending more than 30% of your income, you would need to earn $40.21 an hour working full time.

HUD fair market rent for all of South Central Connecticut Planning Region

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,609 $30.94 $64,360
1 bedroom $1,743 $33.52 $69,720
2 bedrooms $2,091 $40.21 $83,640
3 bedrooms $2,602 $50.04 $104,080
4 bedrooms $2,935 $56.44 $117,400

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Low-income apartments

Low-income apartments in Milford

HUD lists 9 buildings with rents for lower incomes in Milford. These are the largest.

  • Saranor Apts 119 Platt St, Milford 120 low-income homes · 1 bd: 120 · In service since 1999
  • Island View Park 100 Viscount Dr, Milford 06460 110 low-income homes · Run by Milford Redevelopment and Housing Partnership · Average payment: $459 a month · Average wait: 17 months (203) 877-3223
  • DeMaio Gardens 75 De Maio Dr, Milford 06460 65 low-income homes · Run by Milford Redevelopment and Housing Partnership · Average payment: $559 a month · Average wait: 18 months (203) 877-3223
  • Catherine McKeen Village 73 Jepson Dr, Milford 06460 50 low-income homes · Run by Milford Redevelopment and Housing Partnership · Average payment: $418 a month · Average wait: 24 months (203) 877-3223
  • Alan Jepson Manor 174A Harrison Ave, Milford 06460 46 homes, 44 low-income · Run by Milford Redevelopment and Housing Partnership · Average payment: $684 a month · Average wait: 27 months (203) 877-3223

See all 166 buildings in South Central Connecticut Planning Region Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Milford

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 4 HUD-approved agencies with an office in South Central Connecticut Planning Region; 3 say they serve in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Milford

No down payment, repair or rent-help program on our list is for Milford or South Central Connecticut Planning Region. The ones below are statewide in Connecticut: they work in Milford the same as in the rest of the state.

Which programs do I qualify for? All programs in Connecticut

Housing counselors near Milford

The HUD-approved agencies closest to the center of Milford, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Building Neighborhoods Together, Inc.

    570 State St, Bridgeport · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (203) 290-4255

  • Neighborhood Housing Services of New Haven

    333 Sherman Ave, New Haven · 9 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (203) 562-0598

  • Urban League of Southern Connecticut

    10 Wintergreen Ave, New Haven · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (203) 327-5810

Every agency in South Central Connecticut Planning Region All counseling agencies in Connecticut

Help in Spanish near Milford

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Milford

HUD’s record names them for Milford or South Central Connecticut Planning Region. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Milford Redevelopment and Housing Partnership Public housing and Section 8 vouchers (203) 877-3223

6 other authorities have an office in South Central Connecticut Planning Region: see the list Source: HUD

Cities

Other cities in South Central Connecticut Planning Region

These cities are also in South Central Connecticut Planning Region. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about South Central Connecticut Planning Region Housing in Connecticut

Nearby cities

The cities closest to Milford, with the typical home value.

Neighboring counties

If South Central Connecticut Planning Region is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Milford.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Milford

Short answers with the numbers for Milford and all of South Central Connecticut Planning Region. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Milford?

The typical home value in Milford is $415,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in South Central Connecticut Planning Region it is $353,100.

How much does it cost to rent in Milford?

Typical rent in Milford is $1,882 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in South Central Connecticut Planning Region is $2,091.

What is the FHA loan limit in Milford?

Milford uses the FHA limit for all of South Central Connecticut Planning Region (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Milford?

The typical homeowner in Milford pays $6,663 a year, according to the U.S. Census Bureau. That is 1.6% of the home’s value; in South Central Connecticut Planning Region, the rate is 1.91%.

Where can I find free help to buy or rent in Milford?

There are 4 HUD-approved counseling agencies with an office in South Central Connecticut Planning Region. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).