In Milford, a typical home is worth $238,700 and typical rent is $940 a month. Compared with all of Clermont County, typical rent is 15% lower, the typical home value is 10% lower, and the share of households that own their home is 24 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $265,811 to $330,925.
Typical rent
$1,386a month
▲ 5.4% more than 12 months ago
Typical rent from Zillow, March 2023 to September 2026: from $1,209 to $1,386.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Milford is in Clermont County. 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 Clermont County. See the county
What this place has that others do not, from public data, most unusual first.
1
50% of households in Milford own their home, against 74% in Clermont County.
2
The typical rent in Milford is $940 a month, 15% less than in Clermont County as a whole ($1,107).
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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Milford
Clermont County
Ohio
United States
Kind of home: Milford and its comparisons
Measure
Milford
Clermont County
Ohio
United States
Detached house
43%
70%
69%
61%
Attached house
7%
4%
5%
6%
Building of 2 to 4
Unreliable estimate
2%
8%
8%
Apartments (5 or more)
39%
17%
15%
19%
Mobile home
Unreliable estimate
6%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Milford there is a bit of everything: no kind of home reaches half. The most common are detached houses (43%); in Clermont County, 70%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Milford
Clermont County
Ohio
United States
Year built: Milford and its comparisons
Measure
Milford
Clermont County
Ohio
United States
Before 1960
40%
19%
38%
26%
1960–1979
30%
23%
26%
24%
1980–1999
17%
32%
20%
25%
2000–2009
10%
16%
10%
14%
2010 or later
Unreliable estimate
11%
7%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K25%
$200K–$300K17%
$300K–$500K33%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Milford and its comparisons
Measure
Milford
Under $100K
Unreliable estimate
$100K–$200K
25%
$200K–$300K
17%
$300K–$500K
33%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99950%
$1,000–$1,49926%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Milford and its comparisons
Measure
Milford
Under $500
Unreliable estimate
$500–$999
50%
$1,000–$1,499
26%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,593 a month
Clermont County: $1,677 a month
Without a mortgage
$683 a month
Clermont County: $646 a month
Owners with a mortgage
58%
Clermont County: 65%
Owning costs less in Milford: with a mortgage, the typical cost is $1,593 a month; in Clermont County, $1,677. Without one, $683.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Milford+48%
Clermont County+56%
Ohio+47%
United States+53%
Typical rent
MilfordNo clear change
Clermont County+30%
Ohio+28%
United States+33%
Typical household income
Milford+52%
Clermont County+28%
Ohio+26%
United States+29%
Change since 2015–2019: Milford and its comparisons
Measure
Milford
Clermont County
Ohio
United States
Typical home value
+48%
+56%
+47%
+53%
Typical rent
No clear change
+30%
+28%
+33%
Typical household income
+52%
+28%
+26%
+29%
The typical home value in Milford rose 48% since 2015–2019, less than in Clermont County (56%).
Rent in Milford moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Milford and its comparisons
Measure
Milford
Clermont County
Ohio
United States
Rental vacancy
Unreliable estimate
3.2%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.7%
1.5%
3.4%
People per household
1.90
2.46
2.37
2.53
Drive alone
77%
78%
75%
69%
Carpool
Unreliable estimate
6%
8%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
11%
14%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Milford has 1.90 people, fewer than in Clermont County (2.46).
In Milford, 77% of workers drive alone to work; in Clermont County, 78%.
Do the math
What would you pay each month for a home in Milford?
A typical home is tight for the typical income
We start with a typical home in Milford, worth $238,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Milford, which is $78,057 a year. For that payment to be 28% of income, a household would need to earn about $89,195 a year.
The calculator's FHA and conventional loan limits are those of all of Clermont County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Milford. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,355 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,081
at 7.18% · 30 years
Loan amount
$234,376
Total interest
$337,212
Paid off in
November 2056
Includes $4,031 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,821 a month
Tight
$1,821 to $2,342 a month
Your payment · 32%
Hard
more than $2,342 a month
Compared with the typical household income in Milford ($78,057 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,588
Property tax
$288
Home insurance
$100
FHA mortgage insurance (MIP)
$106
You need at least $8,355 for the down payment, plus closing costs.
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.
Total monthly payment $2,081; principal and interest $1,588.
The city and its county
Milford and Clermont County
Milford is in Clermont County, Ohio. 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
Map of Clermont County, Ohio, with Milford marked. Around it, the neighboring counties.
Milford
Clermont County
Other cities with a page
Milford's own numbers
Typical home value
$238,700
Typical monthly rent
$940
Typical yearly household income
$78,057
Households that own their home
50%
Effective property tax rate
1.45%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Clermont County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,442
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
1.7%
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 Clermont County.
A typical home in Milford is worth $238,700: 10% below the county and 11% above Ohio. With the typical household income in Milford ($78,057 a year), a typical home costs 3.1 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.
Milford3.1 years
Clermont3.1 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Clermont County
According to FHFA’s house price index, home prices in Clermont County rose 110% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Clermont County.
Yearly change in FHFA’s price index in Clermont County, 2016 to 2025
2016: +4.2% +4.2% 2016
2017: +6.4% +6.4% 2017
2018: +6.1% +6.1% 2018
2019: +5.4% +5.4% 2019
2020: +4.0% +4.0% 2020
2021: +12.9% +12.9% 2021
2022: +15.3% +15.3% 2022
2023: +8.5% +8.5% 2023
2024: +8.1% +8.1% 2024
2025: +6.6% +6.6% 2025
Change in FHFA’s price index in Clermont County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+6.6%
+4.8%
+2.9%
5 years (2020–2025)
+63%
+53%
+47%
10 years (2015–2025)
+110%
+93%
+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 Clermont County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Milford$238,700
Clermont$266,200
Ohio$214,800
United States$332,700
Typical monthly rent
Milford$940
Clermont$1,107
Ohio$1,034
United States$1,413
Typical yearly household income
Milford$78,057
Clermont$85,510
Ohio$71,389
United States$80,734
See the full table
Milford next to Clermont County and Ohio
Measure
Milford
Clermont County
Ohio
U.S.
Typical home value
$238,700 ▼10% below the county
$266,200
$214,800
$332,700
Typical monthly rent
$940 ▼15% below the county
$1,107
$1,034
$1,413
Typical yearly household income
$78,057 ▼9% below the county
$85,510
$71,389
$80,734
Households that own their home
50% ▼24 points below the county
74%
67%
65%
Typical yearly property tax
$3,463 ▲4% above the county
$3,333
$2,822
$3,119
Effective property tax rate
1.45% ▲0.2 points above the county
1.25%
1.31%
0.94%
Renters with high rent for their income
43% ▲2 points above the county
40%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Clermont 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 $238,700 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$2,081a month
Least cash to close
Down payment
$8,355
Cash to close
$15,516
Rate
7.18%
Mortgage insurance
FHA MIP · $106
Conventional, 5% down$2,037a month
Down payment
$11,935
Cash to close
$19,096
Rate
7.18%
Mortgage insurance
PMI · $113
Conventional, 20% down, no PMI$1,682a month
Down payment
$47,740
Cash to close
$54,901
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,902a month
Down payment
$35,805
Cash to close
$42,966
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Milford
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,081
$8,355
$234,377
7.18%
FHA MIP · $106
$15,516
580
Conventional, 5% down
$2,037
$11,935
$226,765
7.18%
PMI · $113
$19,096
620*
Conventional, 20% down, no PMI
$1,682
$47,740
$190,960
7.18%
None
$54,901
620*
ITIN, 15% down (example)
$1,902
$35,805
$202,895
8.18%
None
$42,966
Set by the lender
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.
Typical rent in Milford is $940 a month: 15% below the county. In Milford, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Clermont County, by unit size. To pay the 2-bedroom one ($1,442 a month) without spending more than 30% of your income, you would need to earn $27.73 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Clermont County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,052
$20.23
$42,080
1 bedroom
$1,128
$21.69
$45,120
2 bedrooms
$1,442
$27.73
$57,680
3 bedrooms
$1,897
$36.48
$75,880
4 bedrooms
$2,141
$41.17
$85,640
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
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 45150.
For 2 bedrooms it is $1,390: $52 less than the fair market rent for Clermont County ($1,442).
Fair market rent by ZIP code and size in Milford, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
45150
$1,010
$1,090
$1,390
$1,830
$2,060
ZIP code2 bd3 bd
45150 $1,390$1,830
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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
We found no HUD-approved agencies with an office in Clermont County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Milford or Clermont County. The ones below are statewide in Ohio: they work in Milford the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Milford or Clermont County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Milford and all of Clermont 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 $238,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Clermont County it is $266,200.
How much does it cost to rent in Milford?
Typical rent in Milford is $940 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Clermont County is $1,442.
What is the FHA loan limit in Milford?
Milford uses the FHA limit for all of Clermont County (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 $3,463 a year, according to the U.S. Census Bureau. That is 1.45% of the home’s value; in Clermont County, the rate is 1.25%.
Where can I find free help to buy or rent in Milford?
We found no HUD-approved counseling agencies with an office in Clermont County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
