Milford, NJ Overview

North of Frenchtown along the Delaware River is the borough of Milford, named in the late 19th century for a mill and a ford across a stream.  The borough saw a business boom in the 1980s, fostered in part by the progressive direction of the Milford Community Group.  Today, the community maintains a hometown charm in a setting where many local businesses are family owned and operated.  Residents are justly proud of the heritage and culture of "Milford on the Delaware."  Considerable local industry ensures a strong industrial base. Major shopping malls are close to home.

Summary

Population Growth (since 2000) 2%
Population Density (ppl / mile) 1,061.00
Household Size (ppl) 2.359
Households w/ Children 23%

Housing Stability

Annual Residential Turnover 0%
5+ Years in Residency 35%
Median Year in Residency 3.73

Housing Inventory

Milford, NJ Housing Inventory 361 28 154 361 28 154

Market Overview

18 listings with an estimated median price of $341,500

Price Count
$0 - 100K 2
$200K - 300K 3
$300K - 400K 6
$400K - 500K 3
$500K - 600K 2
$800K - 900K 1
$1M - Max 1
Property Type Count
Single Family 14
Commercial 1
Rental 4
Lots and Land 1
Multi Family 2

(Data as of 9/23/2024)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Milford, NJ Population Demographics

Total: 1,218

Households:515

Median Age: 46.33

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Milford, NJ Temperature

Weather Risk

Milford, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Milford, NJ Education Climate Index

Highest Education Level Attained

Milford, NJ Highest Education Level Attained 292 204 46 24 17 108 189 292 204 24 17 108

Employment and Finance

Workforce

Milford, NJ Workforce

Income by dollar range (Median Income: $80,278)

Milford, NJ Income by dollar range 23 9 17 21 5 24 10 13 23 47 41 119 52 34 29 27 12 9

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,054
One Bedroom
$1,296
Two Bedroom
$1,654
Three Bedroom
$2,109
Four Bedroom
$2,551

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Milford, NJ Crime

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