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Delaware · Census place 47420

Milford city, DE

Quick answer

Milford city has 12,193 residents, ranking #10 of 79 places in Delaware. Median household income is $55,265, the median home is worth $274,600 and median gross rent runs $1,182 a month.

Population
12,193Milford city residents
Median household income
$55,265Past 12 months, inflation adjusted
Median home value
$274,600Owner-occupied units
Median gross rent
$1,182Rent plus utilities, monthly
Median age
41.4 yrsAll residents
Homeownership rate
46.5%Owner-occupied households

What the numbers mean in Milford city

Housing cost measured against local earnings.

A household earning the Milford city median would spend about 25.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 20.3% of residents and 46.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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