Milford, Michigan.
Typical home $490,424 (+4.2% in a year), asking rent $2,137 . Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$1,355 (+111%) since Jan 2020.
- 1 year
- Up $19,622 +4%
- $470,802$490,424 since Sep 2025
- 5 years
- Up $95,393 +24%
- $395,031$490,424 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$2,574
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Milford, MI rose 4.2% over the past year — faster than the nation's +1.2%.
Living in Milford, Oakland County, Michigan
Milford is a village of 6,520 people in Oakland County. Half its households earn more than $105,713 a year and half less, against $97,760 across Oakland County; 8% of its people live below the poverty line. 77% of its homes are lived in by their owners and 23% are rented. Unemployment in Oakland County was 4.7% in August 2026, and the county had 0.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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 village in Oakland County, home to a small community where most homes are lived in by their owners. Household incomes run above the county's, and a smaller share of people live below the poverty line than you might expect. Adults here are well educated, with many holding a four-year degree. Winters are cold, with January the coldest month, and summers are warm, with July the warmest. Rain and melted snow add up to a moderate amount over the year.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, retail, and professional and business services also employing many. Among the largest workplaces in Milford are Kroger Michigan KMA, a grocery store, Medilodge of Milford, a skilled nursing facility, and Michigan Scientific, a maker of testing equipment. A good number of people work from home, and the typical commute is a fairly long one. Across Oakland County, unemployment has risen over the past year and there are slightly fewer jobs than there were a year ago.
Things to do. Several parks and natural areas are a short drive away, including Kensington Metropark, Proud Lake State Recreation Area and Highland Recreation Area. Walled Lake, also a short drive off, is another place to spend time by the water. For a museum day, the Automotive Hall of Fame is a longer drive away.
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- 2,627households
- 50%of adults have a degree
- 8%below the poverty line
- 29 mintypical commute
- 21%work from home
What residents work in
Employed residents by industry, from the Census survey. Oakland County had 720,266 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 31° and lows near 15°; warmest in July, with highs near 82° and lows near 60°. About 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Milford Gm Proving Ground weather station, 4 miles away (NOAA).
Largest workplaces in Milford
- Kroger Michigan KMASupermarkets and other grocery except convenience stores161
- Medilodge of MilfordSkilled nursing facilities103
- Michigan ScientificTesting equipment manufacturing42
- MilfordMail and parcel delivery35
- Anna's House MilfordFull service restaurants29
- Milford Redi Mix CoReady-mix concrete manufacturing and distributing27
- Village of Milford - PDPolice departments27
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 7 workplaces with 20 or more staff, 424 people in all. 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
- TornadoesRelatively high
- Cold wavesRelatively high
- Ice stormsRelatively moderate
- Strong windRelatively moderate
- Inland floodingRelatively 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 Oakland County and the Detroit-Warren-Dearborn, MI 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$490,424
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 3 Milford listings, and the typical home goes pending in 17 days — the market is roughly in balance.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Milford28.64%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Milford17
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Milford88
New listings per month
Sellers arriving at the market.
- Milford34
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Milford$443,121
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Milford99.10%
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.
Zip codes in Milford
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 48381 | Milford | 14,094 | $2,187 | $468,427 |
| 48380 | Milford | 7,125 | — | $561,420 |