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City · 8,956 residents · Hillsborough County, New Hampshire

Milford , New Hampshire

In Milford, a typical home is worth $357,800 and typical rent is $1,557 a month. Compared with all of Hillsborough County, typical household income is 24% lower, the typical home value is 15% lower, and the share of households that own their home is 8 points lower.

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  • Typical home value

    $357,800

    15% below the county

    11% below New Hampshire

    • Milford
    • Hillsborough
    • New Hampshire

  • Typical rent

    $1,557a month

    4% below the county

    4% above New Hampshire

    • Milford
    • Hillsborough
    • New Hampshire

  • Typical household income

    $78,684a year

    24% below the county

    21% below New Hampshire

    • Milford
    • Hillsborough
    • New Hampshire

  • Households that own their home

    59%

    8 points below the county

    13 points below New Hampshire

    • Milford
    • Hillsborough
    • New Hampshire

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

Market now, with Zillow data

Zillow data
Typical home value
$511,582
2.4% more than 12 months ago
Typical rent
$2,161 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Milford is in Hillsborough County. The FHA loan limit ($589,950 for a one-unit home), the fair market rents and the help on this page are those of all of Hillsborough County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Milford apart

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

  1. The typical household income in Milford is $78,684, 24% less than in Hillsborough County as a whole ($103,545).

  2. Nearby, in East Merrimack, the typical home value is $291,500: 19% less than in Milford ($357,800).

  3. The typical home in Milford is worth $357,800, 15% less than in Hillsborough County as a whole ($421,100).

  4. 59% of households in Milford own their home, against 67% in Hillsborough County.

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

Homes in Milford are varied: detached houses are the largest group, at 46%, against 57% in Hillsborough County.

Year built

By age, homes in Milford look like those in Hillsborough County: the typical year built is 1976.

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
Monthly rent with utilities

With a mortgage

$2,420 a month

Hillsborough County: $2,452 a month

Without a mortgage

$1,046 a month

Hillsborough County: $1,066 a month

Owners with a mortgage

77%

Hillsborough County: 67%

Owning costs about the same in Milford as in Hillsborough County: with a mortgage, $2,420 a month; without one, $1,046.

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

Much as in Hillsborough County, the typical home value in Milford rose 53% since 2015–2019.

The typical rent in Milford rose 30% over the same time; in Hillsborough County, it rose 36%.

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

MeasureMilfordHillsborough CountyNew HampshireUnited States
Rental vacancy Unreliable estimate3.5%4.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.4%0.9%
More than one person per room Unreliable estimate1.6%1.4%3.4%
People per household 2.322.482.442.53
Drive alone 77%71%72%69%
Carpool 8%7%7%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 12%18%17%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Milford are smaller: 2.32 people on average; in Hillsborough County, 2.48.

In Milford, 77% of workers drive alone to work; in Hillsborough County, 71%.

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 $357,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 50% of the typical household income in Milford, which is $78,684 a year. For that payment to be 28% of income, a household would need to earn about $140,088 a year.

The calculator's FHA and conventional loan limits are those of all of Hillsborough County.

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 $12,523 (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

$3,269

at 7.18% · 30 years

Loan amount
$351,319
Total interest
$505,466
Paid off in
November 2056

Includes $6,042 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,836 a month

  • Tight

    $1,836 to $2,361 a month

  • Hard

    more than $2,361 a month

    Your payment · 50%

Compared with the typical household income in Milford ($78,684 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,269
Principal & interest$2,380
Property tax$581
Home insurance$149
FHA mortgage insurance (MIP)$158

You need at least $12,523 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 Hillsborough County

Milford is in Hillsborough County, New Hampshire. 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
$357,800
Typical monthly rent
$1,557
Typical yearly household income
$78,684
Households that own their home
59%
Effective property tax rate
1.95%

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

Numbers for all of Hillsborough County

FHA limit, one-unit home
$589,950
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,834–$2,239
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
1.2%

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 Hillsborough County.

Everything about Hillsborough County

Buying

Buying a home in Milford

A typical home in Milford is worth $357,800: 15% below the county and 11% below New Hampshire. With the typical household income in Milford ($78,684 a year), a typical home costs 4.5 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 4.5 years
  • Hillsborough 4.1 years
  • New Hampshire 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hillsborough County

According to FHFA’s house price index, home prices in Hillsborough County rose 110% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hillsborough County.

Period County New Hampshire U.S.
Last year (2025) +4.8% +4.7% +2.9%
5 years (2020–2025) +63% +66% +47%
10 years (2015–2025) +110% +113% +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 Hillsborough County, New Hampshire and the U.S.

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

Typical home value
  • Milford $357,800
  • Hillsborough $421,100
  • New Hampshire $402,500
  • United States $332,700
Typical monthly rent
  • Milford $1,557
  • Hillsborough $1,623
  • New Hampshire $1,491
  • United States $1,413
Typical yearly household income
  • Milford $78,684
  • Hillsborough $103,545
  • New Hampshire $99,031
  • United States $80,734
See the full table
Milford next to Hillsborough County and New Hampshire
Measure Milford Hillsborough County New Hampshire U.S.
Typical home value $357,800 $421,100 $402,500 $332,700
Typical monthly rent $1,557 $1,623 $1,491 $1,413
Typical yearly household income $78,684 $103,545 $99,031 $80,734
Households that own their home 59% 67% 73% 65%
Typical yearly property tax $6,978 $6,999 $6,667 $3,119
Effective property tax rate 1.95% 1.66% 1.66% 0.94%
Renters with high rent for their income 48% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hillsborough County. “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 $357,800 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 $3,269a month

    Least cash to close
    Down payment
    $12,523
    Cash to close
    $23,257
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $158

  • Conventional, 5% down $3,203a month

    Down payment
    $17,890
    Cash to close
    $28,624
    Rate
    7.18%
    Mortgage insurance
    PMI · $170

  • Conventional, 20% down, no PMI $2,670a month

    Down payment
    $71,560
    Cash to close
    $82,294
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,000a month

    Down payment
    $53,670
    Cash to close
    $64,404
    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 Hillsborough County.

Property tax

Effective rate in Milford

1.95%of the home’s value each year

$6,978 a year for the typical owner in Milford.

  • Milford 1.95%
  • Hillsborough 1.66%
  • New Hampshire 1.66%

What New Hampshire publishes Deadline to apply for exemptions and credits: April 15 (New Hampshire General Court (Revised Statutes Annotated))

Exemptions and deadlines in New Hampshire

Flood risk in Hillsborough County

FEMA does not publish these numbers by city: they are for all of Hillsborough County.

Homes in the high-risk zone
1.2%
1,273
Of those, with NFIP insurance
34%
County New Hampshire U.S.
Homes in the high-risk zone 1.2% 2.8% 3.5%
Of those, with NFIP insurance 34% 26% 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 $1,557 a month: 4% below the county. In Milford, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for each area of Hillsborough County; Milford is in Nashua, NH HUD Metro FMR Area. To pay the 2-bedroom one ($2,239 a month) without spending more than 30% of your income, you would need to earn $43.06 an hour working full time.

Fair market rent by size in Nashua, NH HUD Metro FMR Area

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 $1,559 $29.98 $62,360
1 bedroom $1,804 $34.69 $72,160
2 bedrooms $2,239 $43.06 $89,560
3 bedrooms $2,899 $55.75 $115,960
4 bedrooms $3,170 $60.96 $126,800

HUD splits this county into 3 areas with different fair market rents: for 2 bedrooms they run from $1,834 to $2,239. The table by area, below, shows which one each town is in.

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

Fair market rent by HUD area in Hillsborough County

HUD splits this county into 3 areas, each with its own fair market rent. Find your town in its area's list; the housing agency tells you which one it uses for your voucher.

HUD area Studio1 bd2 bd3 bd4 bdHourly wage, 2 bd
Nashua, NH HUD Metro FMR Area The area where most people liveMilford is in this area
14 towns in this area

Amherst town, Brookline town, Greenville town, Hollis town, Hudson town, Litchfield town, Mason town, Merrimack town, Milford town, Mont Vernon town, Nashua city, New Ipswich town, Pelham town, Wilton town

 $1,559$1,804$2,239$2,899$3,170$43.06
Manchester, NH HUD Metro FMR Area
4 towns in this area

Bedford town, Goffstown town, Manchester city, Weare town

 $1,510$1,657$2,168$2,583$2,849$41.69
Hillsborough County, NH (part) HUD Metro FMR Area
13 towns in this area

Antrim town, Bennington town, Deering town, Francestown town, Greenfield town, Hancock town, Hillsborough town, Lyndeborough town, New Boston town, Peterborough town, Sharon town, Temple town, Windsor town

 $1,277$1,402$1,834$2,185$3,065$35.27

HUD fair market rent by area and size, per month, Fiscal year 2027. The wage is what full-time work must pay to rent 2 bedrooms without spending more than 30% of income. Source: HUD, Fiscal year 2027 Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

By ZIP code

Fair market rent by ZIP code in Milford

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Milford is in ZIP code 03055.

For 2 bedrooms it is $2,120 in all of them.

  • 03055 $2,120$2,740
  • 03055 $2,120$2,740

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Milford when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Milford

HUD lists 5 buildings with rents for lower incomes in Milford. These are the largest.

  • Milford Mills Phases I & II 40 Bridge St, Milford 70 low-income homes · 1 bd: 70 · In service since 2005 · For older adults
  • Pine Valley Lofts 37 Wilton Rd, Milford 50 low-income homes · 1 bd: 35 · 2 bd: 15 · In service since 2014 · For families
  • Milford Mill 40 Bridge St, Milford 03055 70 homes, 45 low-income · For older adults
  • Beechbrook 80 Adams St, Milford 03055 40 low-income homes · For older adults
  • Pine Valley Lofts 37 Wilton Rd, Milford 03055 50 homes, 5 low-income · For older adults (603) 249-9122

See all 129 buildings in Hillsborough County 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 3 HUD-approved agencies with an office in Hillsborough County; 1 says it serves in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

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 Hillsborough County. The ones below are statewide in New Hampshire: they work in Milford the same as in the rest of the state.

Which programs do I qualify for? All programs in New Hampshire

  • New Hampshire Housing Cash Downpayment Assistance

    Statewide in New Hampshire

    New Hampshire state agency cash assistance of $5,000, $10,000 or $15,000 for the down payment with an NH Housing mortgage; open to any buyer who qualifies, not only first-time buyers. Offered by New Hampshire Housing.

    Type not stated

    See the program Official page

  • 1stGenHomeNH

    Statewide in New Hampshire

    Limited funds remain, per the source

    New Hampshire state agency help of $10,000 for the down payment, closing costs and the escrow account, as a second mortgage with no interest or payments, repaid when you sell, refinance or leave the home; for first-generation buyers, people who were in foster care, or refugees or asylees. Offered by New Hampshire Housing.

    Deferred

    See the program Official page

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.

  • New Hampshire Housing Finance Authority

    32 Constitution Dr, Bedford · 12 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (603) 310-9287

  • New Hampshire Housing Finance Authority

    32 Constitution Dr, Bedford · 12 miles away

    • Home improvement and repairs
    • Pre-purchase counseling
    (603) 472-8623

  • Neighborworks of Southern New Hampshire

    801 Elm St, Manchester · 15 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (603) 626-4663

Every agency in Hillsborough County All counseling agencies in New Hampshire

Help in Spanish near Milford

1 of the 3 agencies on this list says it serves 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

In HUD’s record, no housing authority with an office in Hillsborough County is named for Milford or Hillsborough County.

4 other authorities have an office in Hillsborough County: see the list Source: HUD

Cities

Other cities in Hillsborough County

These cities are also in Hillsborough County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hillsborough County Housing in New Hampshire

Nearby cities

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

Neighboring counties

If Hillsborough County 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 holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Milford

Short answers with the numbers for Milford and all of Hillsborough County. 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 $357,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hillsborough County it is $421,100.

How much does it cost to rent in Milford?

Typical rent in Milford is $1,557 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hillsborough County is $1,834–$2,239.

What is the FHA loan limit in Milford?

Milford uses the FHA limit for all of Hillsborough County (2026): $589,950 for a one-unit home and $1,134,550 for a four-unit home.

How much property tax do owners pay in Milford?

The typical homeowner in Milford pays $6,978 a year, according to the U.S. Census Bureau. That is 1.95% of the home’s value; in Hillsborough County, the rate is 1.66%.

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

There are 3 HUD-approved counseling agencies with an office in Hillsborough County. 1 says it serves 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); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); 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).