Milford, Virginia.
Typical home $329,126 (+6.3% in a year). Richmond, VA metro.
to buy the typical home at today's mortgage rate — +$976 (+130%) since Jan 2020.
- 1 year
- Up $19,621 +6%
- $309,505$329,126 since Sep 2025
- 5 years
- Up $76,386 +30%
- $252,740$329,126 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$1,728
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Milford, VA rose 6.3% over the past year — faster than the nation's +1.2%.
Living in Milford, Caroline County, Virginia
The Census does not count Milford on its own, so the figures here are Caroline County's. Half the county's households earn more than $87,407 a year and half less; 11% of the county's people live below the poverty line. 82% of the county's homes are lived in by their owners and 18% are rented. Unemployment in Caroline County was 3.6% in August 2026, and the county had 6.5% more jobs in 2025 than the year before. The most people in Caroline County work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 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 It can be wrong or out of date.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 sits in Caroline County, Virginia, where most homes are lived in by their owners rather than rented. The typical resident is middle-aged, and only a minority of adults hold a four-year degree. Winters bring cold spells and the occasional snowfall, summers are hot, and rain falls steadily through the year.
Work. Many residents work in schools, hospitals and social care, professional and business services, government, or shops. Jobs have been growing over the past year, and unemployment has stayed low. Working from home is uncommon, so most people leave home for work, and commutes tend to be long.
Things to do. South River, a river a short drive away, is a quiet place to spend time near the water. Kings Dominion, an amusement park a longer drive away, suits a full day out. George Washington Birthplace National Monument, a protected area also a longer drive away, marks where George Washington was born.
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- 11,988households
- 38.9median age
- 22%of adults have a degree
- 11%below the poverty line
- 37 mintypical commute
- 12%work from home
What people in Caroline County work in
Employed residents by industry, from the Census survey. Caroline County had 7,022 jobs in 2025, 6.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 45° and lows near 26°; warmest in July, with highs near 87° and lows near 67°. About 12 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Corbin weather station, 17 miles away (NOAA).
Largest workplaces in Caroline County
- Caroline County Public SchoolsSchool district636FTE
- 10D8120 Pharma VirginiaDrugs, proprietaries and sundries203
- Bowling Green SNFNursing homes115
- Food LionGrocery stores100
- Rappahannock Electric CooperativeDistribution of electric power91
- Food LionGrocery stores75
- The Sygma NetworkGroceries, general-line, merchant wholesalers73
- Milk Collection Services of AmericaMilk hauling, local68
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 19 workplaces with 20 or more staff, 1,192 people in all. School districts come 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
- DroughtRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Caroline County, against the rest of the country; all of them together, very 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 Caroline County and the Richmond, VA 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$329,126
- Virginia$412,252
- 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.
- Milford8
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.