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ZipNumbers

Indiana · Census place 49320

Milford town, IN

Quick answer

Milford town has 1,955 residents, ranking #237 of 976 places in Indiana. Median household income is $52,014, the median home is worth $135,300 and median gross rent runs $1,038 a month.

Population
1,955Milford town residents
Median household income
$52,014Past 12 months, inflation adjusted
Median home value
$135,300Owner-occupied units
Median gross rent
$1,038Rent plus utilities, monthly
Median age
37.2 yrsAll residents
Homeownership rate
81.5%Owner-occupied households

What the numbers mean in Milford town

Housing cost measured against local earnings.

A household earning the Milford town median would spend about 23.9% 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 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.8% of residents and 81.5% 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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