Home prices
The median home value in Milford is $256,700. This is about $35,220 (15%) higher in comparison to the surrounding areas.In comparison to the United States as a whole it is roughly $39,200 (18%) higher, and in comparison to the city of Detroit is approximately $207,500 (421%) higher.
Rents
The median monthly rent in Milford is $782. This is approximately $250 (24%) lower compared to its nearby areas.Compared to the entire nation it is roughly $280 (26%) lower, and is about $42 (5%) lower compared to the city of Detroit.
Nearby places
Wixom
Wixom is approximately 5 miles southeast of Milford. Its real estate prices are fairly similar. The median home in Wixom costs $249,300, which comes out to $7,400 (2%) lower than Milford. Its rents are fairly similar. In Wixom the median monthly rent is $745, which comes out to $37 (4%) lower than Milford.
Wolverine Lake
Wolverine Lake is roughly 5 miles southeast of Milford. The real estate prices there are a little less expensive. The price of the median home in Wolverine Lake is $197,000, which works out to $59,700 (30%) lower than Milford. Rents there are a bit more expensive. Wolverine Lake's median monthly rent is $988, which works out to $206 (20%) higher than Milford.
Walled Lake
Walled Lake is approximately 6 miles southeast from Milford. Its housing prices are a lot less expensive. The median home cost in Walled Lake is $146,900, which works out to $109,800 (74%) lower than Milford. Rents there are a bit more expensive. The median rent in Walled Lake is $1,037 a month, which works out to $255 (24%) higher than Milford.
South Lyon
South Lyon is about 8 miles south of Milford. Housing prices there are significantly less expensive. The median home cost in South Lyon is $192,100, which works out to $64,600 (33%) lower than Milford. Rent there is a little more expensive. South Lyon's median rent is $1,042 a month, which is $260 (24%) higher than Milford.
Novi
Novi is roughly 8 miles southeast of Milford. Its housing prices are somewhat more expensive. The cost of the median home in Novi is $322,100, which comes out to $65,400 (20%) higher than Milford. The rent there is substantially more expensive. In Novi the median rent is $1,347 a month, which works out to $565 (41%) higher than Milford.
