HomeNew JerseyHunterdon CountyMilford borough
Milford borough, New Jersey: commercial real estate data.
Milford borough 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.
66 sourced place values · tier FULL · 7 sections · 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
- Ninetieth percentile approval$445,000
- 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
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.
Hunterdon County, not Milford
Hunterdon County context, not Milford figures
These are Hunterdon 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 Hunterdon County3,672
- Employment at those establishments, Hunterdon County45,700
- Covered employment, Hunterdon County46,663
- Average annual pay, Hunterdon County$75,099
- Average weekly wage, Hunterdon County$1,444
- Housing units permitted, Hunterdon County336
- Of those, single family, Hunterdon County149
- County product, 2024, Hunterdon County$9,867,058,000
- County product change over the prior year, Hunterdon County5.6 percent
- Average income of an arriving household, Hunterdon County$122,736
Every figure in this section is published for Hunterdon 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, 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 totalling $1.8 m, 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 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 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.