HomeMichiganOakland CountyMilford
Milford, Michigan: commercial real estate data.
Milford is a Census village of 6,487 people across 2.45 square miles of land, in Oakland County. Median household income is $105,713, 77.1 percent of occupied homes are owned, and the SBA record carries 23 7(a) approvals to borrowers here worth $17.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Milford
What Milford is
- Census place typevillage
- Land area2.45 sq mi
- Water area0.08 sq mi
- Population per square mile of land2,646
- County holding the largest share of its areaOakland 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
- Population6,487
- Median age41.1
- Population under 181,451
- Share under 1822.4 percent
- Population 65 and over1,316
- Share 65 and over20.3 percent
- Households2,627
- Family households1,592
- Share of households that are families60.6 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$105,713
- Per capita income$55,731
- Civilian labor force3,281
- Employed3,211
- Unemployed70 plus or minus 51
- Unemployment rate2.1 percent plus or minus 1.5
- Adults 25 and over4,714
- Adults 25 and over with a high school diploma or higher96.2 percent
- Adults 25 and over with a bachelor degree or higher49.6 percent
- Adults 25 and over with a graduate degree17.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
Housing in Milford
- Housing units2,772
- Occupied units2,627
- Vacant units145 plus or minus 100
- Vacancy rate5.2 percent plus or minus 3.6
- Owner occupied2,026
- Renter occupied601 plus or minus 141
- Ownership rate77.1 percent
- Median owner-occupied home value$363,700
- Median gross rent, monthly$1,173
- Annual rent as a share of median income13.3 percent
- Single family units2,164
- Share single family78.1 percent
- Units in buildings of two or more596 plus or minus 164
- Share in buildings of two or more21.5 percent plus or minus 5.8
- Mobile homes12 plus or minus 17
- Median year structure built1973
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 commute2,512
- Commuting under 15 minutes594 plus or minus 159
- Share commuting under 15 minutes23.6 percent plus or minus 5.6
- Commuting 30 minutes or more1,325
- Share commuting 30 minutes or more52.7 percent
- Drove alone72.4 percent
- Carpooled6.5 percent plus or minus 3.0
- Public transport0.0 percent
- Walked0.1 percent plus or minus 0.2
- Worked from home21.0 percent plus or minus 6.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
SBA loans in Milford (7(a))
- Approvals23
- Gross approval$17,745,700
- Average approval$771,552
- Median approval$285,000
- Ninetieth percentile approval$2,525,800
- Largest approval$3,980,000
- Jobs supported281
- Jobs per approval12.2
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more21.7 percent
- Share to franchises13.0 percent
- Distinct lenders12
- Distinct industries by NAICS19
Counted by borrower city: approvals to borrowers whose address is in Milford, in any county, FY2020 to FY2026. Only 2 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)
- Approvals11
- Gross approval$7,891,000
- Average approval$717,364
- Median approval$455,000
- Largest approval$2,252,000
- Jobs supported194
- Loans with a final outcome6
- Charged off0
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Milford, in any county, FY2010 to FY2026. Only 6 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 communityVillage of Milford
- NFIP community number260317
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/29/06
The Village of Milford participates in the National Flood Insurance Program as community 260317 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.
Oakland County, not Milford
Oakland County context, not Milford figures
- Establishments in Oakland County39,792
- Covered employment, Oakland County723,862
- Average annual pay, Oakland County$77,917
- Housing units permitted, Oakland County2,886
Every figure in this section is published for Oakland County as a whole and is not a measurement of Milford.
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, Michigan?
6,487, in 2,627 households. Milford village covers 2.45 square miles of land, which is 2,646 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?
Oakland 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?
$105,713. The median owner-occupied home is valued at $363,700. Median gross rent is $1,173 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?
23 7(a) approvals totaling $17.7 m since FY2020, across 12 lenders, median approval $285,000, plus 11 504 approvals worth $7.9 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 2 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, village of, community 260317, 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 Oakland 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.