Rental market snapshot for Milford, New Jersey

Milford, New Jersey Rental Property Market Overview

Milford, New Jersey is a small town located in Hunterdon County with a population of 1,231 as of 2021, according to the US Census. It is a rural community with a peaceful atmosphere, surrounded by lush forests and rolling hills. The town is home to a variety of businesses, including restaurants, shops, and services. Milford is a great place to live for those looking for a quiet, rural lifestyle.

The average rent for an apartment in Milford is $2,343. 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

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

Average monthly rent graph in Milford New Jersey | Cost of Living

  • The most expensive ZIP code in Milford is 08848 with an average price of $2,622.
  • The cheapest ZIP code in Milford is 08848 with an average price of $2,622.

Milford ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
108848$2,622

Live near Milford, New Jersey's Top Sights and Attractions

Hakihokke Creek Park is a beautiful outdoor destination located in New Jersey. It features a variety of activities for visitors to enjoy, including fishing, kayaking, and canoeing. There is also a large picnic area with tables and grills, perfect for a family outing. The park also has a playground, walking trails, and a boardwalk that winds through the marshland. The park is a great spot for bird watching, as it is home to a variety of species. Visitors can also take in the stunning views of the creek and the surrounding landscape.

Milford, New Jersey area median rent change by ZIP code map

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

How does Milford compare to other cities in New Jersey?

citymedian price
Avenel$2,790
Milford$2,700
New Brunswick$2,669
Dunellen$2,565
Unionship$2,520
Hackettstown$2,335
Ocean Grove$1,950

Average household income in Milford area graph - US Census

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

The median household income in Milford in 2021 was $85,000. This represents a 7.9% change from 2011 when the median was $78,750.

#categorypercent
0Less than $10,0001.1%
1$10,000 to $14,9993.7%
2$15,000 to $19,9992.8%
3$20,000 to $24,9994.2%
4$25,000 to $29,9991.7%
5$30,000 to $34,9991.8%
6$35,000 to $39,9991.5%
7$40,000 to $44,9993.7%
8$45,000 to $49,9991.3%
9$50,000 to $59,9995.9%
10$60,000 to $74,99913.3%
11$75,000 to $99,99917.3%
12$100,000 to $124,99913.1%
13$125,000 to $149,9994.4%
14$150,000 to $199,99914.8%
15$200,000 or more9.4%

Neighborhoods in Milford

We currently do not have this data but we are working to add this soon.

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.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

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 $2,343.
Made withDataherald