Milford, Maine.
Typical home $225,610 (+0.8% in a year). Bangor, ME metro.
to buy the typical home at today's mortgage rate — +$669 (+130%) since Jan 2020.
- 1 year
- Up $1,702 +1%
- $223,908$225,610 since Sep 2025
- 5 years
- Up $50,173 +29%
- $175,436$225,610 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Milford$1,184
- Maine$2,162
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Milford, ME rose 0.8% over the past year — slower than the nation's +1.2%.
Living in Milford, Penobscot County, Maine
Milford, in Penobscot County, had 2,211 people in the 2020 census. 88% of its homes are lived in by their owners and 12% are rented. Unemployment in Penobscot County was 3.4% in August 2026, and the county had 0.3% fewer jobs in 2025 than the year before. The most people in Penobscot County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Milford is a small community on the Penobscot River, and nearly all of its homes are lived in by their owners, a good deal more than across the county as a whole. Winters are cold and snowy, with January the coldest month and temperatures that stay below freezing through the day. Summers are mild and warm, and precipitation falls fairly evenly through the year as rain and melted snow.
Work. Residents work mostly in schools, hospitals and social care, with others in shops, the building trades, and restaurants, hotels and entertainment. Across Penobscot County, the largest workplaces include Eastern Maine Medical Center, the University of Maine and Husson University. Fewer adults hold a four-year degree than you might expect near a university, and a modest number of people work from home, while most travel a moderate distance to their jobs.
Things to do. Several protected areas lie a short drive away, including Sunkhaze Meadows National Wildlife Refuge and the Dwight B. Demeritt Forest, both good for walking and watching wildlife. Pushaw Lake, also a short drive off, is the nearest sizeable body of water. For a quieter afternoon indoors, the Hudson Museum is a short drive away, while Fort Knox, a historic fort, is a longer drive.
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- 970households
- 15%of adults have a degree
- 0%below the poverty line
- 24 mintypical commute
- 13%work from home
What people in Penobscot County work in
Employed residents by industry, from the Census survey. Penobscot County had 71,782 jobs in 2025, 0.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 27° and lows near 6°; warmest in July, with highs near 79° and lows near 56°. About 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Old Town West weather station, 4 miles away (NOAA).
Largest workplaces in Penobscot County
- Eastern Maine Medical CenterGeneral hospital3,272FTE
- University of MaineUniversity or college2,590
- St Joseph HospitalGeneral hospital902FTE
- Husson UniversityUniversity or college645
- Bangor Public SchoolsSchool district583FTE
- WalmartWarehouse clubs and supercenters517
- RSU 19 SchoolsSchool district507FTE
- Acadia HospitalPsychiatric hospital483FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 174 workplaces with 20 or more staff, 18,783 people in all across the county; Milford has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023), colleges from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- Ice stormsRelatively high
- LightningRelatively high
- Inland floodingRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Milford’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Penobscot County and the Bangor, ME metro.
Milford home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Milford$225,610
- Maine$412,002
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Milford9
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Milford address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Milford — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.