Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Milford city, Delaware?
City · Census ACS 5-Year estimates
The median gross rent in Milford city, Delaware is $1,260/month (±$163), based on Census ACS 5-Year estimates (2024). The median home value is $296,900 (±$19,865), and the median household income is $59,464/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Milford city, Delaware
| Metric | Value |
|---|---|
| Median Gross Rent | $1,260 |
| Median Home Value | $296,900 |
| Median Household Income | $59,464 |
| Total Housing Units | 5,560 |
| Renter-Occupied Units | 2,705 |
| Renter-Occupied Share | 49% |
| Households Paying 50%+ Income | 627 households |
How does Milford city, Delaware compare?
Median gross rent ranked against all cities in Delaware.
Higher rent than 38% of cities in Delaware · 40th of 63
| # | City | Value |
|---|---|---|
| 1 | Hockessin CDP | $3,501 |
| 2 | Dewey Beach town | $2,536 |
| 3 | Pike Creek CDP | $2,262 |
| … 36 more … | ||
| 40 | Milford city(you are here) | $1,260 |
| … 20 more … | ||
| 61 | Bowers town | $850 |
| 62 | Felton town | $848 |
| 63 | Lewes city | $381 |
More data for Milford city, Delaware
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Frequently asked questions
What is the average rent in Milford city, Delaware?
The median gross rent in Milford city, Delaware is $1,260/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Milford city, Delaware?
The median rent for a 2-bedroom in Milford city, Delaware is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Milford city, Delaware?
The median home value in Milford city, Delaware is $296,900 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Milford city are rent-burdened?
In Milford city, Delaware, 627 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Milford city, Delaware?
The median household income in Milford city, Delaware is $59,464/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,260 has a margin of error of ±$163. In very small areas, MOEs can be large relative to the estimate.
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