Home Values

Town of Milford Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$252,400

  • -0.4% 1-year change
  • 1.8% 1-year forecast

The median home value in Town of Milford is $252,400. Town of Milford home values have declined -0.4% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Town of Milford is $169, which is higher than the Worcester Metro average of $152. The median price of homes currently listed in Town of Milford is $252,500 while the median price of homes that sold is $258,725. The median rent price in Town of Milford is $1,450, which is higher than the Worcester Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Town of Milford 2.9 homes are foreclosed (per 10,000). This is lower than the Worcester Metro value of 3.3 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Milford is 7.9%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Milford homeowners underwater on their mortgage is 18.1%, which is lower than Worcester Metro at 19.1%.

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Relative ZHVI
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Town of Milford Market Overview

Data through Sep 30, 2014
  • $252,400 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $252,500 Median listing price
  • $258,725 Median sale price (Aug 31, 2014)
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Town of Milford Market Health

Data through Sep 30, 2014
  • 2.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 18.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.9 homes Town of Milford
3.3 homes Worcester Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Hopkinton $510,800
Upton $411,700
Medway $384,100
Name Median ZHVI
Holliston $376,000
Mendon $366,300
Ashland $338,200
Name Median ZHVI
Upton-West Upton $281,300
Town of Bellingham $266,300
Town of Hopedale $261,700

Listings & Sales

Data through Sep 30, 2014
  • $169 Median list price / sq ft
  • $165 Median sale price / sq ft (Aug 31, 2014)
  • 43.9% Listings with price cut
24.8%
Sold below listing
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Town of Milford Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,649 Town of Milford
    $1,460 Worcester Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,450 Rent list price
  • $1.35 Rent list price / sq ft
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