HomeConnecticutWestern Connecticut Planning RegionNew Milford CDP
New Milford CDP, Connecticut: commercial real estate data.
New Milford CDP is a Census CDP of 8,188 people across 4.07 square miles of land, in Western Connecticut Planning Region. Median household income is $83,235, 59.7 percent of occupied homes are owned, and the SBA record carries 45 7(a) approvals to borrowers here worth $22.6 m.
76 sourced place values · tier FULL · 8 sections
New Milford
What New Milford is
- Census place typeCDP
- Land area4.07 sq mi
- Water area0.1 sq mi
- Population per square mile of land2,014
- County holding the largest share of its areaWestern Connecticut Planning Region, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
How many people live in New Milford
- Population8,188
- Median age38.6
- Population under 182,096 plus or minus 531
- Share under 1825.6 percent plus or minus 5.6
- Population 65 and over1,300
- Share 65 and over15.9 percent
- Households2,984
- Family households1,917
- Share of households that are families64.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
Income and work in New Milford
- Median household income$83,235
- Per capita income$36,822
- Civilian labor force4,761
- Employed4,528
- Unemployed233 plus or minus 151
- Unemployment rate4.9 percent plus or minus 3.1
- Adults 25 and over5,312
- Adults 25 and over with a high school diploma or higher88.9 percent
- Adults 25 and over with a bachelor degree or higher34.7 percent plus or minus 9.4
- Adults 25 and over with a graduate degree11.2 percent plus or minus 3.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
Housing in New Milford
- Housing units3,172
- Occupied units2,984
- Vacant units188 plus or minus 101
- Vacancy rate5.9 percent plus or minus 3.1
- Owner occupied1,780
- Renter occupied1,204
- Ownership rate59.7 percent
- Median owner-occupied home value$331,900
- Median gross rent, monthly$1,483
- Annual rent as a share of median income21.4 percent
- Single family units1,824
- Share single family57.5 percent
- Units in buildings of two or more1,308 plus or minus 296
- Share in buildings of two or more41.2 percent
- Mobile homes40 plus or minus 40
- Median year structure built1967
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
How New Milford gets to work
- Workers 16 and over who commute4,035
- Commuting under 15 minutes1,233 plus or minus 378
- Share commuting under 15 minutes30.6 percent plus or minus 8.1
- Commuting 30 minutes or more1,314 plus or minus 334
- Share commuting 30 minutes or more32.6 percent plus or minus 6.7
- Drove alone70.7 percent
- Carpooled15.1 percent plus or minus 4.7
- Public transport1.2 percent plus or minus 1.3
- Walked4.0 percent plus or minus 2.9
- Worked from home8.5 percent plus or minus 5.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Milford
SBA 7(a) lending to New Milford borrowers
- Approvals45
- Gross approval$22,577,100
- Average approval$501,713
- Median approval$175,000
- Ninetieth percentile approval$1,380,000
- Largest approval$2,750,000
- Jobs supported235
- Jobs per approval5.2
- Loans with a final outcome8
- Paid in full6
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more26.7 percent
- Share to franchises4.4 percent
- Distinct lenders18
- Distinct industries by NAICS33
A charge-off rate is not published here. only 8 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Milford
SBA 504 lending to New Milford borrowers
- Approvals17
- Gross approval$12,539,000
- Average approval$737,588
- Median approval$236,000
- Largest approval$3,089,000
- Jobs supported58
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Western Connecticut Planning Region, not New Milford
Western Connecticut Planning Region context, not New Milford figures
These are Western Connecticut Planning Region figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Milford measurements.
- Establishments in Western Connecticut Planning Region19,955
- Employment at those establishments, Western Connecticut Planning Region292,288
- Covered employment, Western Connecticut Planning Region287,189
- Average annual pay, Western Connecticut Planning Region$129,052
- Average weekly wage, Western Connecticut Planning Region$2,482
- Housing units permitted, Western Connecticut Planning Region1,094
- Of those, single family, Western Connecticut Planning Region389
- County product, 2024, Western Connecticut Planning Region$76,343,680,000
- Average income of an arriving household, Western Connecticut Planning Region$254,936
Every figure in this section is published for Western Connecticut Planning Region as a whole and is not a measurement of New Milford. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Milford questions, answered from the record.
How many people live in New Milford, Connecticut?
8,188, in 2,984 households. New Milford CDP covers 4.07 square miles of land, which is 2,014 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Milford in?
Western Connecticut Planning Region, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Milford?
$83,235. The median owner-occupied home is valued at $331,900. Median gross rent is $1,483 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Milford businesses?
45 7(a) approvals totalling $22.6 m, across 18 lenders, median approval $175,000, plus 17 504 approvals worth $12.5 m. These count approvals to borrowers whose address is in New Milford, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Milford borrowers get paid back?
No rate is published for New Milford. only 8 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Milford figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Western Connecticut Planning Region as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Milford.
Is zoning published for New Milford?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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