HomeIowaDickinson CountyMilford
Milford, Iowa: commercial real estate data.
Milford is a Census city of 3,311 people across 2.15 square miles of land, in Dickinson County. Median household income is $63,369, 70.1 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $3.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Milford
What Milford is
- Census place typecity
- Land area2.15 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,540
- County holding the largest share of its areaDickinson County, 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.
Milford
How many people live in Milford
- Population3,311
- Median age47.3
- Population under 18753
- Share under 1822.7 percent
- Population 65 and over802
- Share 65 and over24.2 percent
- Households1,561
- Family households950
- Share of households that are families60.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
Income and work in Milford
- Median household income$63,369
- Per capita income$45,250
- Civilian labor force1,903
- Employed1,824
- Unemployed79 plus or minus 70
- Unemployment rate4.2 percent plus or minus 3.7
- Adults 25 and over2,417
- Adults 25 and over with a high school diploma or higher97.1 percent
- Adults 25 and over with a bachelor degree or higher21.8 percent plus or minus 5.3
- Adults 25 and over with a graduate degree5.2 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
Housing in Milford
- Housing units1,759
- Occupied units1,561
- Vacant units198 plus or minus 125
- Vacancy rate11.3 percent plus or minus 7.0
- Owner occupied1,095
- Renter occupied466 plus or minus 124
- Ownership rate70.1 percent
- Median owner-occupied home value$218,400
- Median gross rent, monthly$887
- Annual rent as a share of median income16.8 percent
- Single family units1,127
- Share single family64.1 percent
- Units in buildings of two or more399 plus or minus 135
- Share in buildings of two or more22.7 percent plus or minus 7.4
- Mobile homes233 plus or minus 98
- Median year structure built1983
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
How Milford gets to work
- Workers 16 and over who commute1,742
- Commuting under 15 minutes709 plus or minus 154
- Share commuting under 15 minutes40.7 percent
- Commuting 30 minutes or more194 plus or minus 83
- Share commuting 30 minutes or more11.1 percent plus or minus 4.6
- Drove alone77.5 percent
- Carpooled12.8 percent plus or minus 6.0
- Public transport0.0 percent
- Walked1.9 percent plus or minus 1.9
- Worked from home4.0 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
SBA loans in Milford (7(a))
- Approvals3
- Gross approval$3,174,100
- Average approval$1,058,033
- Median approval$225,100
- Largest approval$2,800,000
- Jobs supported30
- Jobs per approval10.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Milford, in any county, FY2020 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, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Milford
SBA loans in Milford (504)
- Approvals8
- Gross approval$1,840,000
- Average approval$230,000
- Median approval$147,500
- Largest approval$757,000
- Jobs supported7
- Loans with a final outcome0
- Charged off0
- Median term270 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Milford, in any county, FY2010 to FY2026. Only 0 loans have 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.
Dickinson County, not Milford
Dickinson County context, not Milford figures
- Establishments in Dickinson County784
- Covered employment, Dickinson County10,008
- Average annual pay, Dickinson County$46,626
- Housing units permitted, Dickinson County292
Every figure in this section is published for Dickinson County as a whole and is not a measurement of Milford.
All Dickinson County 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
Milford questions, answered from the record.
How many people live in Milford, Iowa?
3,311, in 1,561 households. Milford city covers 2.15 square miles of land, which is 1,540 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Milford in?
Dickinson County, 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 Milford?
$63,369. The median owner-occupied home is valued at $218,400. Median gross rent is $887 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Milford businesses?
3 7(a) approvals totaling $3.2 m since FY2020, across 2 lenders, median approval $225,100, plus 8 504 approvals worth $1.8 m since FY2010. These count approvals to borrowers whose address is in Milford, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Milford borrowers get paid back?
No rate is published for Milford. Only 1 loan has 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 Milford figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Dickinson County 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 Milford.
Is zoning published for Milford?
No. Nothing on this page presents parcel level zoning.
Nearby