HomeMassachusettsWorcester CountyMilford
Milford, Massachusetts: commercial real estate data.
Milford is a Census CDP of 27,731 people across 10.15 square miles of land, in Worcester County. Median household income is $93,310, 62.2 percent of occupied homes are owned, and the SBA record carries 36 7(a) approvals to borrowers here worth $26.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Milford
What Milford is
- Census place typeCDP
- Land area10.15 sq mi
- Water area0.24 sq mi
- Population per square mile of land2,731
- County holding the largest share of its areaWorcester 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
- Population27,731
- Median age38.5
- Population under 185,821
- Share under 1821.0 percent
- Population 65 and over5,086
- Share 65 and over18.3 percent
- Households10,161
- Family households6,861
- Share of households that are families67.5 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$93,310
- Per capita income$42,167
- Civilian labor force15,930
- Employed15,142
- Unemployed788 plus or minus 259
- Unemployment rate4.9 percent plus or minus 1.6
- Adults 25 and over19,408
- Adults 25 and over with a high school diploma or higher86.6 percent
- Adults 25 and over with a bachelor degree or higher32.6 percent
- Adults 25 and over with a graduate degree11.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
Housing in Milford
- Housing units10,530
- Occupied units10,161
- Vacant units369 plus or minus 176
- Vacancy rate3.5 percent plus or minus 1.7
- Owner occupied6,325
- Renter occupied3,836
- Ownership rate62.2 percent
- Median owner-occupied home value$464,700
- Median gross rent, monthly$1,889
- Annual rent as a share of median income24.3 percent
- Single family units6,465
- Share single family61.4 percent
- Units in buildings of two or more4,065
- Share in buildings of two or more38.6 percent
- Mobile homes0
- Median year structure built1969
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 commute12,813
- Commuting under 15 minutes3,256
- Share commuting under 15 minutes25.4 percent
- Commuting 30 minutes or more6,838
- Share commuting 30 minutes or more53.4 percent
- Drove alone66.3 percent
- Carpooled6.5 percent plus or minus 1.8
- Public transport0.7 percent plus or minus 0.4
- Walked1.0 percent plus or minus 0.6
- Worked from home13.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
SBA loans in Milford (7(a))
- Approvals36
- Gross approval$26,876,900
- Average approval$746,581
- Median approval$215,000
- Ninetieth percentile approval$2,898,950
- Largest approval$5,000,000
- Jobs supported600
- Jobs per approval16.7
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more13.9 percent
- Share to franchises8.3 percent
- Distinct lenders19
- Distinct industries by NAICS28
Counted by borrower city: approvals to borrowers whose address is in Milford, in any county, FY2020 to FY2026. Only 4 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.
Milford
SBA loans in Milford (504)
- Approvals17
- Gross approval$11,350,000
- Average approval$667,647
- Median approval$255,000
- Largest approval$4,396,000
- Jobs supported121
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Milford, in any county, FY2010 to FY2026. Only 3 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.
Milford
Flood risk in Milford
- NFIP communityTown of Milford
- NFIP community number250317
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/08/25
The Town of Milford participates in the National Flood Insurance Program as community 250317 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Worcester County, not Milford
Worcester County context, not Milford figures
- Establishments in Worcester County19,181
- Covered employment, Worcester County351,476
- Average annual pay, Worcester County$71,641
- Housing units permitted, Worcester County2,506
Every figure in this section is published for Worcester County as a whole and is not a measurement of Milford.
All Worcester 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, Massachusetts?
27,731, in 10,161 households. Milford CDP covers 10.15 square miles of land, which is 2,731 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?
Worcester 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?
$93,310. The median owner-occupied home is valued at $464,700. Median gross rent is $1,889 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?
36 7(a) approvals totaling $26.9 m since FY2020, across 19 lenders, median approval $215,000, plus 17 504 approvals worth $11.3 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 4 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.
Is Milford in the National Flood Insurance Program?
Yes. Milford appears in the FEMA Community Status Book as Milford, town of, community 250317, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
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 Worcester 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.