Milford, CT housing market
Typical home value
$507K
▲ 4.6% 1 yr
Typical rent
$2,506/mo
▲ 5.1% 1 yr
Gross rent yield
5.9%
U.S. 6.3%
5-year home value change
+41%
U.S. +20%
Key takeaways
- 1The typical home in Milford is worth $506,970, up 4.6% over the past year and up 41% over five years.
- 2Typical rent is $2,506 a month (+5.1% YoY), a gross rent yield of 5.9% (below the New Haven, CT metro's 6.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,786/mo, $280 more than typical rent.
- 4Zillow forecasts the New Haven, CT metro's home values to change +2.8% over the next 12 months.
Market temperature (New Haven, CT metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 55/100, #81 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Milford compares
| Measure | Milford | New Haven, CT metro | United States |
|---|---|---|---|
| Typical home value | $506,970 | $406,204 | $366,157 |
| Home value, 1-yr change | +4.6% | +4.9% | +1.2% |
| Typical rent | $2,506 | $2,043 | $1,932 |
| Rent, 1-yr change | +5.1% | +2.7% | +2.7% |
| Gross rent yield | 5.9% | 6.0% | 6.3% |
| Price-to-rent ratio | 16.9 | 16.6 | 15.8 |
| Mortgage P&I, typical home | $2,786 | $2,232 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Milford rental, pre-filled.
Rent vs buy in Milford
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $507K home.
Other cities in the New Haven, CT metro
New Haven, CT
$337K home$1,972 rent
▲ 6.5% 1 yr
Waterbury, CT
$285K home$1,551 rent
▲ 3.6% 1 yr
Hamden, CT
$368K home$2,383 rent
▲ 5.4% 1 yr
Meriden, CT
$326K home$1,873 rent
▲ 4.4% 1 yr
West Haven, CT
$363K home$1,919 rent
▲ 7.8% 1 yr
Naugatuck, CT
$352K home$1,895 rent
▲ 3.3% 1 yr
Branford, CT
$462K home$2,464 rent
▲ 6.8% 1 yr
East Haven, CT
$363K home$2,294 rent
▲ 3.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.