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ZipNumbers

Iowa · Census place 52095

Milford city, IA

Quick answer

Milford city has 3,315 residents, ranking #117 of 1026 places in Iowa. Median household income is $60,571, the median home is worth $211,000 and median gross rent runs $806 a month.

Population
3,315Milford city residents
Median household income
$60,571Past 12 months, inflation adjusted
Median home value
$211,000Owner-occupied units
Median gross rent
$806Rent plus utilities, monthly
Median age
45.8 yrsAll residents
Homeownership rate
69.7%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 16% 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 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.3% of residents and 69.7% 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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