Rental market snapshot for Milford, Massachusetts

Milford, Massachusetts Rental Property Market Overview

Milford, Massachusetts is a small town located in Worcester County, with a population of 28,851 as of 2021, according to the US Census. The town is known for its historic buildings, such as the Milford Town Hall, which was built in 1835, and the Milford Historical Society, which was founded in 1894. The town is also home to a variety of recreational activities, including hiking, biking, and fishing. Milford is a great place to live, work, and play, and its population continues to grow.

The average rent for an apartment in Milford is $2,653. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Milford Massachusetts | Cost of Living

  • The most expensive ZIP code in Milford is 01757 with an average price of $2,500.
  • The cheapest ZIP code in Milford is 01757 with an average price of $2,500.

Milford ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
101757$2,500

Live near Milford, Massachusetts's Top Sights and Attractions

The Milford Area Chamber of Commerce is a non-profit organization that serves as a resource for businesses and individuals in the local community. It provides a variety of services, such as networking opportunities, business promotion, and educational programs. The Chamber also hosts events throughout the year, including business expos, seminars, and social gatherings. With its mission to promote economic growth and development in the area, the Chamber is a great resource for businesses and individuals alike.

Upper Charles River Trail is a scenic trail located in Milford, Massachusetts. It is a 4.5 mile long trail that follows the Charles River, offering stunning views of the river and the surrounding area. The trail is mostly flat and is suitable for walking, running, biking, and rollerblading. The trail is lined with trees and has several benches and picnic tables along the way, making it a great spot for a leisurely stroll or a picnic. The trail also passes by several parks and playgrounds, making it a great spot for families to explore.

This attraction is a public outdoor swimming pool located in a scenic area. It features a large pool with a diving board, a kiddie pool, and a snack bar. There is also a playground and picnic area, making it a great spot for families to spend the day. The pool is open during the summer months and offers swimming lessons and other activities.

Rosenfeld Park is a beautiful outdoor space located in a small town in Massachusetts. It features a large pond, walking trails, and a playground. There are also picnic tables and benches scattered throughout the park, making it a great spot for a family outing. The park is also home to a variety of wildlife, including ducks, geese, and other birds. In the summer months, the park is a popular spot for fishing, swimming, and other recreational activities.

Prospect Heights is a scenic overlook located on the south side of Milford, Massachusetts. It offers breathtaking views of the surrounding area, including the Milford Reservoir, the Blackstone River Valley, and the Wachusett Reservoir. Visitors can take in the stunning scenery from the top of the hill, or take a leisurely stroll along the trails that wind through the area. The area is also home to a variety of wildlife, making it a great spot for birdwatching and nature photography.

Bancroft Park is a picturesque park located in a small town. It features a large grassy area, perfect for picnics and outdoor activities, as well as a pond, a playground, and a gazebo. The park is surrounded by trees and has a walking path that winds around the pond. There are also benches and picnic tables scattered throughout the park, making it a great spot for a relaxing afternoon.

Town Forest is a scenic outdoor area located in Milford, Massachusetts. It features a variety of trails for hiking, biking, and horseback riding, as well as a pond for fishing and canoeing. The forest is home to a variety of wildlife, including deer, foxes, and birds. The area is also popular for picnicking, bird watching, and nature photography.

Draper Park is a beautiful outdoor area located in Milford, Massachusetts. It features a large pond, walking trails, and a playground. There is also a picnic area with tables and grills, perfect for a family outing. The park is also home to a variety of wildlife, including ducks, geese, and other birds. The park is a great place to relax and take in the natural beauty of the area.

Calzone Park is a picturesque outdoor destination located in a beautiful natural setting. It features a large pond with a dock, a playground, and plenty of open space for picnicking and outdoor activities. There are also walking trails, a gazebo, and a pavilion for events. The park is surrounded by lush trees and is a great spot for bird watching.

Louisa Lake is a picturesque body of water located in a wooded area. It is surrounded by lush greenery and is a popular spot for fishing, canoeing, and kayaking. The lake is also home to a variety of wildlife, including ducks, geese, and other waterfowl. Visitors can take a leisurely stroll around the lake, or take a boat ride to explore the area. The lake is also a great spot for a picnic or a romantic evening stroll.

Milford, Massachusetts area median rent change by ZIP code map

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How does Milford compare to other cities in Massachusetts?

citymedian price
Wayland$3,656
Newburyport$3,400
Brockton$3,200
Waltham$2,790
Saugus$2,690
Ashland$2,349
Randolph$2,300
Andover$2,195
Leominster$1,575

Average household income in Milford area graph - US Census

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The median household income in Milford in 2021 was $85,291. This represents a 32.8% change from 2011 when the median was $64,225.

#categorypercent
0Less than $10,0003.3%
1$10,000 to $14,9993.1%
2$15,000 to $19,9993.8%
3$20,000 to $24,9993.4%
4$25,000 to $29,9992.6%
5$30,000 to $34,9994.3%
6$35,000 to $39,9993.3%
7$40,000 to $44,9992.4%
8$45,000 to $49,9994.6%
9$50,000 to $59,9996.2%
10$60,000 to $74,9997.7%
11$75,000 to $99,99917.8%
12$100,000 to $124,99912.5%
13$125,000 to $149,9998.2%
14$150,000 to $199,99910.2%
15$200,000 or more6.7%

Neighborhoods in Milford

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Milford is $2,653.
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