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

$248,400

  • -2.8% 1-year change
  • -0.5% 1-year forecast

The median home value in Town of Milford is $248,400. Town of Milford home values have declined -2.8% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in Town of Milford is None. The median rent price in Town of Milford is $1,395, which is higher than the Worcester Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Town of Milford 2.1 homes are foreclosed (per 10,000). This is lower than the Worcester Metro value of 5.4 and also lower than the national value of 3.5

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 6.6%, which is higher than the national value of 6.0%. 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 14.2%, which is lower than Worcester Metro at 15.2%.

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Relative ZHVI
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Town of Milford Market Overview

Data through May 31, 2015
  • $248,400 ZHVI
  • -0.5% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Town of Milford Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 14.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 6.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2.1 homes Town of Milford
5.4 homes Worcester Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Town of Hopkinton $504,100
Upton $414,700
Holliston $383,900
Name Median ZHVI
Medway $370,200
Mendon $362,600
Ashland $323,400
Name Median ZHVI
Upton-West Upton $268,300
Town of Bellingham $260,400
Town of Hopedale $257,300

Listings & Sales

  • No data
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Town of Milford Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,782 Town of Milford
    $1,573 Worcester Metro
    $1,367 United States

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

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,395 Rent list price
  • $1.31 Rent list price / sq ft
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