Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.5 yrs |
|---|---|
| Avg HH Size | 2.17 |
| Below Poverty | 4.3% ▼ 57% below avg |
| College Grads | 48.1% ▲ 24% above avg |
| Unemployment | 2.0% ▼ 58% below avg |
| No HS Diploma | 8 (0.2%) |
| HS Graduate | 820 (23.6%) |
| Some College | 372 (10.7%) |
| Associates | 600 (17.3%) |
| Bachelors | 600 (17.3%) |
| Graduate Degree | 1,069 (30.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,628 ▼ 11% below avg |
|---|---|
| Median Home Value | $256,100 ▼ 8% below avg |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $904/mo |
| Total Housing Units | 3,104 |
| Vacant Units | 830 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milford is a city in Iowa, located in Dickinson County. The city spans 1 ZIP code and is home to approximately 4,990 residents. It is a mature city, with a median age of 46.5 years.
Economically, Milford is a solidly middle-class community. The median household income of $67,628 is near the national average. Approximately 4.3% of residents live below the poverty line. The unemployment rate is 2.0%, well below the national average.
The real estate market in Milford is a mid-range housing market. Median home values stand at $256,100, which is near the national average. Renters typically pay around $904 per month. Homeownership is high at 74.8%, typical of suburban and family-oriented communities.
The population of Milford is well-educated. 48.1% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (95.37%).
Milford, IA offers residents a cost-conscious lifestyle within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 51351 | 4,990 | $67,628 | $256,100 | $904 | 2.0% | 48.1% | 74.8% |