Housing in Milford, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$113,715
Milford vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Milford is highlighted.
Median Home Value
6th%ilemost expensive$65,300show rank
Median Rent
18th%ilemost expensive rent$714show rank
Rent Burden
53rd%ilehighest rent burden19.0%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$65,300
Median Rent
$714
Total Housing Units
611
Vacancy Rate
15.9%
Owner Occupied
74.1%
Renter Occupied
25.9%
Median Property Tax
$1,340
per year
Monthly Cost (w/ Mortgage)
$802
Housing Types
Single Family83.3%
Multi-Family14.1%
Mobile Home2.6%
The median home value in Milford, IL is $65,300. According to Zillow, the home value index for Milford is $113,715. The median rent is $714 per month (Census ACS). About 74.1% of housing units are owner-occupied. The median year homes were built is 1961. There are 611 total housing units.