HomeConnecticutWestern Connecticut Planning RegionNew Milford
New Milford, Connecticut: commercial real estate data.
New Milford 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in New Milford (7(a))
- Approvals45
- Gross approval$22,577,100
- Average approval$501,713
- Median approval$175,000
- Ninetieth percentile approval$1,352,080
- 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
Counted by borrower city: approvals to borrowers whose address is in New Milford, in any county, FY2020 to FY2026. Only 8 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Milford
SBA loans in New Milford (504)
- 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
Counted by borrower city: approvals to borrowers whose address is in New Milford, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
- Establishments in Western Connecticut Planning Region19,955
- Covered employment, Western Connecticut Planning Region287,189
- Average annual pay, Western Connecticut Planning Region$129,052
- Housing units permitted, Western Connecticut Planning Region1,094
Every figure in this section is published for Western Connecticut Planning Region as a whole and is not a measurement of New Milford.
All Western Connecticut Planning Region figures →
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $22.6 m since FY2020, across 18 lenders, median approval $175,000, plus 17 504 approvals worth $12.5 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page New Milford figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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