Milford, CT 06461 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Milford, CT — 06461
Market Hotness
93
Hotness Rank
#460
Hotness Score
93
Supply Score
87
Demand Score
100
DOM vs US
-21.0%
Faster
Price vs US
131%
Above avg
Median Listing Price
$563K
Population
15,035
Households
248,267
Median Days on Market
32
Active Listings
20
New Listings
26
Housing Market
Pricing
Median Listing Price
$563K
-11.2% YoY
Average Listing Price
$607K
-2.5% YoY
Price per Sq Ft
$310
-0.1% YoY
Median Sq Ft
1,749
-14.9% YoY
Inventory
Active Listings
20
+29.0% YoY
New Listings
26
+160.0% YoY
Total Listings
55
+22.2% YoY
Buyer Competition
Pending Listings
34
+6.3% YoY
Pending Ratio
1.70
-36.4% YoY
Median Days on Market
32
-20.0% YoY
Price Reduced
12.5%
+6.1% YoY
Units & Occupancy
2024 Occupancy
248K
units
Occupied
230,673
92.9%
Vacant
17,594
7.1%
2024 Tenure
231K
occupied
Owner
139,620
60.5%
Renter
91,053
39.5%
Renter Share
39.5%
+0.1% YoY
Total Housing Units
248,267
+0.4% YoY
Demographics
Median Age
40.2
2024
Population
ZIP Population
15,035
-1.4% YoY
South Central Connecticut Planning Region Population
576,718
+0.7% YoY
Households
Total Households
230,673
+1.3% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.38
-0.8% YoY
Age
2024 Age Mix
571K
residents
Under 18
111,623
19.6%
Adults 18–64
352,909
61.8%
65 & Over
106,066
18.6%
Age Composition Over Time
2022–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
111,623
-0.5% YoY
Population 65 & Over
106,066
+2.9% YoY
Median Age
40.20
0.0% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
87.8%
Moved (within US)
11.4%
Other
0.8%
Veterans
4.5%
-2.2% YoY
Economy
Income
Median Household Income
$88K
+2.2% YoY
Per-Capita Income
$50K
+3.1% YoY
Mean Household Income
$121K
+2.8% YoY
Poverty
Below Poverty Level
11.4%
-1.7% YoY
Transportation to Work
2023 Commute Mode
of workers
Drove alone
71.1%
Public transit
3.1%
Worked from home
12.7%
Other
13.1%
Worked From Home
14.3%
+12.6% YoY
Mean Commute
23.50
-0.8% YoY
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