HomeMassachusettsWorcester CountyMilford CDP
Milford CDP, Massachusetts: commercial real estate data.
Milford CDP 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.
76 sourced place values · tier FULL · 8 sections · 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$230,000
- Ninetieth percentile approval$3,150,000
- 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
A charge-off rate is not published here. only 4 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.
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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Worcester County, not Milford
Worcester County context, not Milford figures
These are Worcester County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Milford measurements.
- Establishments in Worcester County19,181
- Employment at those establishments, Worcester County319,255
- Covered employment, Worcester County351,476
- Average annual pay, Worcester County$71,641
- Average weekly wage, Worcester County$1,378
- Housing units permitted, Worcester County2,506
- Of those, single family, Worcester County964
- County product, 2024, Worcester County$60,947,229,000
- County product change over the prior year, Worcester County4.4 percent
- Average income of an arriving household, Worcester County$87,853
Every figure in this section is published for Worcester County as a whole and is not a measurement of 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
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 totalling $26.9 m, across 19 lenders, median approval $230,000, plus 17 504 approvals worth $11.3 m. 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 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 Milford figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.