HomeNew YorkOtsego CountyMilford village
Milford village, New York: commercial real estate data.
Milford village is a Census village of 475 people across 0.42 square miles of land, in Otsego County. Median household income is $64,167, 68.6 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $63,000.
70 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 typevillage
- Land area0.42 sq mi
- Water area0 sq mi
- Population per square mile of land1,120 plus or minus 342
- County holding the largest share of its areaOtsego 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
- Population475 plus or minus 145
- Median age47.3
- Population under 1845 plus or minus 27
- Share under 189.5 percent plus or minus 4.9
- Population 65 and over103 plus or minus 39
- Share 65 and over21.7 percent plus or minus 5.0
- Households188 plus or minus 55
- Family households102 plus or minus 34
- Share of households that are families54.3 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$64,167 plus or minus $14,175
- Per capita income$37,008
- Civilian labor force279 plus or minus 111
- Employed274 plus or minus 109
- Unemployed5 plus or minus 6
- Unemployment rate1.8 percent plus or minus 2.0
- Adults 25 and over325 plus or minus 94
- Adults 25 and over with a high school diploma or higher95.4 percent plus or minus 36.4
- Adults 25 and over with a bachelor degree or higher24.6 percent plus or minus 5.5
- Adults 25 and over with a graduate degree14.2 percent plus or minus 6.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
Housing in Milford
- Housing units240 plus or minus 59
- Occupied units188 plus or minus 55
- Vacant units52 plus or minus 25
- Vacancy rate21.7 percent plus or minus 9.0
- Owner occupied129 plus or minus 38
- Renter occupied59 plus or minus 36
- Ownership rate68.6 percent
- Median owner-occupied home value$152,500
- Median gross rent, monthly$850
- Annual rent as a share of median income15.9 percent plus or minus 3.9
- Single family units129 plus or minus 42
- Share single family53.8 percent plus or minus 11.2
- Units in buildings of two or more90 plus or minus 38
- Share in buildings of two or more37.5 percent plus or minus 13.0
- Mobile homes21 plus or minus 13
- Median year structure built1938
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 commute243 plus or minus 107
- Commuting under 15 minutes70 plus or minus 35
- Share commuting under 15 minutes28.8 percent plus or minus 7.2
- Commuting 30 minutes or more50 plus or minus 57
- Share commuting 30 minutes or more20.6 percent plus or minus 21.6
- Drove alone83.6 percent plus or minus 19.1
- Carpooled0.4 percent plus or minus 1.1
- Public transport0.0 percent
- Walked3.3 percent plus or minus 3.4
- Worked from home11.3 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milford
SBA loans in Milford (7(a))
- Approvals2
- Gross approval$63,000
- Average approval$31,500
- Median approval$53,000
- Ninetieth percentile approval$53,000
- Largest approval$53,000
- Jobs supported22
- Jobs per approval11.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 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
Flood risk in Milford
- Listed NFIP communities2
- Of those, participating2
- NFIP community number361274
- Currently effective map date03/21/17
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Otsego County, not Milford
Otsego County context, not Milford figures
These are Otsego 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 Otsego County1,295
- Employment at those establishments, Otsego County18,030
- Covered employment, Otsego County22,197
- Average annual pay, Otsego County$60,346
- Average weekly wage, Otsego County$1,160
- Housing units permitted, Otsego County123
- Of those, single family, Otsego County123
- County product, 2024, Otsego County$3,518,319,000
- County product change over the prior year, Otsego County6.7 percent
- Average income of an arriving household, Otsego County$68,717
Every figure in this section is published for Otsego 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.
- 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 York?
475, in 188 households. Milford village covers 0.42 square miles of land, which is 1,120 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?
Otsego 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?
$64,167. The median owner-occupied home is valued at $152,500. Median gross rent is $850 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?
2 7(a) approvals totalling $63,000, across 1 lenders, median approval $53,000. 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 0 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.
Is Milford in the National Flood Insurance Program?
Yes. Milford appears in the FEMA Community Status Book as community 361274, 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 labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Otsego 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.