HomeNew JerseyHunterdon CountyMilford
Milford, New Jersey: commercial real estate data.
Milford is a Census borough of 1,166 people across 1.18 square miles of land, in Hunterdon County. Median household income is $71,806, 71.8 percent of occupied homes are owned, and the SBA record carries 11 7(a) approvals to borrowers here worth $1.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Milford
What Milford is
- Census place typeborough
- Land area1.18 sq mi
- Water area0.09 sq mi
- Population per square mile of land986 plus or minus 201
- County holding the largest share of its areaHunterdon 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
- Population1,166 plus or minus 238
- Median age47.0
- Population under 18178 plus or minus 64
- Share under 1815.3 percent plus or minus 4.6
- Population 65 and over282 plus or minus 66
- Share 65 and over24.2 percent
- Households503
- Family households347 plus or minus 80
- Share of households that are families69.0 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$71,806 plus or minus $19,289
- Per capita income$43,270
- Civilian labor force601
- Employed566 plus or minus 113
- Unemployed35 plus or minus 21
- Unemployment rate5.8 percent plus or minus 3.3
- Adults 25 and over888
- Adults 25 and over with a high school diploma or higher92.1 percent plus or minus 23.2
- Adults 25 and over with a bachelor degree or higher37.2 percent
- Adults 25 and over with a graduate degree12.7 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
Housing in Milford
- Housing units549
- Occupied units503
- Vacant units46 plus or minus 39
- Vacancy rate8.4 percent plus or minus 6.9
- Owner occupied361 plus or minus 74
- Renter occupied142 plus or minus 54
- Ownership rate71.8 percent
- Median owner-occupied home value$333,600
- Median gross rent, monthly$1,523 plus or minus $322
- Annual rent as a share of median income25.5 percent plus or minus 8.7
- Single family units447
- Share single family81.4 percent plus or minus 21.6
- Units in buildings of two or more102 plus or minus 48
- Share in buildings of two or more18.6 percent plus or minus 8.1
- Mobile homes0
- Median year structure built1953
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 commute436 plus or minus 99
- Commuting under 15 minutes57 plus or minus 27
- Share commuting under 15 minutes13.1 percent plus or minus 5.6
- Commuting 30 minutes or more245 plus or minus 72
- Share commuting 30 minutes or more56.2 percent
- Drove alone65.2 percent
- Carpooled10.6 percent plus or minus 5.5
- Public transport0.0 percent
- Walked1.8 percent plus or minus 1.6
- Worked from home21.9 percent plus or minus 7.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
SBA loans in Milford (7(a))
- Approvals11
- Gross approval$1,797,500
- Average approval$163,409
- Median approval$25,000
- Largest approval$1,125,000
- Jobs supported19
- Jobs per approval1.7
- Loans with a final outcome4
- Paid in full2
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more18.2 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS10
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
Flood risk in Milford
- NFIP communityBorough of Milford
- NFIP community number340239
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date05/02/12
The Borough of Milford participates in the National Flood Insurance Program as community 340239 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.
Hunterdon County, not Milford
Hunterdon County context, not Milford figures
- Establishments in Hunterdon County3,672
- Covered employment, Hunterdon County46,663
- Average annual pay, Hunterdon County$75,099
- Housing units permitted, Hunterdon County336
Every figure in this section is published for Hunterdon County as a whole and is not a measurement of Milford.
All Hunterdon 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, New Jersey?
1,166, in 503 households. Milford borough covers 1.18 square miles of land, which is 986 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?
Hunterdon 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?
$71,806. The median owner-occupied home is valued at $333,600. Median gross rent is $1,523 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?
11 7(a) approvals totaling $1.8 m since FY2020, across 5 lenders, median approval $25,000. 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, borough of, community 340239, 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 Hunterdon 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.