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Milford, MI
Full City Profile · Michigan · Oakland County County
3.9
/5.0
B+
Good
6,467
Population
2,640/sq mi density
$102,521
Median Income
$55,208 per capita
$348,600
Home Value
$469,885 Zillow
$1,058
Median Rent
24.1% income on rent
48°F
Avg Temperature
260 sunny days/yr
71
Violent Crime/100K
365 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$102,521 median income, 1.7% unemployment
A+
Affordability
4.8 / 5.0
$348,600 home value, $1,058/mo rent
F
Safety
1.0 / 5.0
71 violent crimes/100K
A+
Education
4.9 / 5.0
49.2% bachelor's degree or higher
Housing Overview
Median Home Value
$348,600
24% above
US avg: $281,900
Median Rent
$1,058/mo
9% below
US avg: $1,163/mo
Homeownership Rate
75.4%
15% above US avg (65.4%)
Total Housing Units
2,735
Median year built: 1976
Home Value by Source
Census Median
$348,600
Zillow (ZHVI)
$469,885
Median Sale Price
$369,900
Median List Price
$392,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
75.4%
Owner-Occupied
24.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,058/mo
Market Indicators (Redfin)
Median Days on Market
36 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
18.2%
of listings with price reduction
Price Per Sq Ft
$196
Active Inventory
22
homes for sale
Affordability & Housing Stock
Rent Burden
24.1%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
75.4%
Complete Housing Data
Home Values
| Census Median Value | $348,600 |
| Zillow Home Value (ZHVI) | $469,885 |
| Median Sale Price | $369,900 |
| Median List Price | $392,500 |
| Price Per Sq Ft | $196 |
Rent
| Census Median Rent | $1,058 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 36 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.2% |
| Homes Sold | 7 |
| Active Inventory | 22 |
| Price Per Sq Ft | $196 |
Ownership & Stock
| Owner-Occupied | 75.4% |
| Renter-Occupied | 24.6% |
| Homeownership Rate | 75.4% |
| Total Housing Units | 2,735 |
| Median Year Built | 1976 |
| Rent Burden | 24.1% |