Milford, IL
Full City Profile · Illinois · Iroquois County County
3.4
/5.0
B
Good
1,136
Population
1,696/sq mi density
$45,000
Median Income
$24,122 per capita
$65,300
Home Value
$120,445 Zillow
$714
Median Rent
27.3% income on rent
52°F
Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$45,000 median income, 5.1% unemployment
A+
Affordability
5.0 / 5.0
$65,300 home value, $714/mo rent
C
Education
2.4 / 5.0
18.0% bachelor's degree or higher
Housing Overview
Median Home Value
$65,300
77% below
US avg: $281,900
Median Rent
$714/mo
39% below
US avg: $1,163/mo
Homeownership Rate
74.1%
13% above US avg (65.4%)
Total Housing Units
651
Median year built: 1955
Home Value by Source
Census Median
$65,300
Zillow (ZHVI)
$120,445
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.1%
Owner-Occupied
25.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$714/mo
Affordability & Housing Stock
Rent Burden
27.3%
of renters spending 30%+ of income on housing
12% below US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
74.1%
Complete Housing Data
Home Values
| Census Median Value | $65,300 |
| Zillow Home Value (ZHVI) | $120,445 |
Rent
| Census Median Rent | $714 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 74.1% |
| Renter-Occupied | 25.9% |
| Homeownership Rate | 74.1% |
| Total Housing Units | 651 |
| Median Year Built | 1955 |
| Rent Burden | 27.3% |