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New York · Census place 47229

Milford village, NY

Quick answer

Milford village has 467 residents, ranking #1078 of 1292 places in New York. Median household income is $63,750, the median home is worth $137,500 and median gross rent runs $825 a month.

Population
467Milford village residents
Median household income
$63,750Past 12 months, inflation adjusted
Median home value
$137,500Owner-occupied units
Median gross rent
$825Rent plus utilities, monthly
Median age
48.7 yrsAll residents
Homeownership rate
70.8%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 15.5% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.3% of residents and 70.8% 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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