Milford (48380) in Michigan Real Estate, Demographics, Mortgage and Jobs

USA	Michigan	Milford Michigan

Milford, MI 48380

Milford (48380) has an estimated 7,404 residents with 7,294 of those people in approximately 2,543 housing units. The 48380 zipcode contains 1,894 housing units that are owned with a mortgage or a loan, 523 housing units that are owned free and clear and 126 housing units that are renter occupied.

In Milford (48380) the median listing price of $557,400 has declined by $7,600 since 2018-10.

In 2018 the average percentage drop was 3.28% of original listing price.

Zip code 48380 is in the Detroit-Warren-Dearborn metropolitan area.
The median estimated home value in Milford, MI (48380) is $369,100 as of 2018-10-31

In Milford, MI (48380), values have declined by -0.01 from when they peaked at $371,400 in 2018-Q3

The Zillow Market Health Index for Milford, MI (48380) is 2.66. The corresponding state value is 6.27. This is significantly lower than the overall Market Health Index of Michigan.
Metro value is 4.41.
This is significantly lower than the overall Market Health Index of Detroit-Warren-Dearborn.

Demographics of Milford zipcode 48380
The median age here is 43.10. This age is 113.4% the national median age.
This population is significantly older.
The number of male residents is 3,717 with a median age of 42.80 years. The number of female residents is 3,687 with a median age of 43.50 years. This yields a ♂ to ♀ ratio of 1.01
The average household is 2.87 persons and has an income of $121,116.
The average family size in Milford is 3.18.
Area Code: 248/947/810
Time zone: Eastern USA
Region: Midwest - East North Central
Has Daylight Saving: Yes
Businesses: 138
Employment: 4,305
Medicare Area: Warren-Troy-Farmington Hills, MI
County: OAKLAND

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