Skip to content
ZipNumbers

Michigan · Census place 53960

Milford village, MI

Quick answer

Milford village has 6,467 residents, ranking #149 of 745 places in Michigan. Median household income is $102,521, the median home is worth $348,600 and median gross rent runs $1,058 a month.

Population
6,467Milford village residents
Median household income
$102,521Past 12 months, inflation adjusted
Median home value
$348,600Owner-occupied units
Median gross rent
$1,058Rent plus utilities, monthly
Median age
42.1 yrsAll residents
Homeownership rate
75.4%Owner-occupied households

What the numbers mean in Milford village

Housing cost measured against local earnings.

A household earning the Milford village median would spend about 12.4% 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 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.6% of residents and 75.4% of households own their home.

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

Compare with nearby places

Places of similar size in Michigan.

More Michigan coverage.