Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.1 yrs |
|---|---|
| Avg HH Size | 2.43 |
| Below Poverty | 11.1% ▲ 11% above avg |
| College Grads | 38.6% ≈ Avg |
| Unemployment | 4.9% ≈ Avg |
| No HS Diploma | 11 (0.7%) |
| HS Graduate | 571 (38.4%) |
| Some College | 166 (11.2%) |
| Associates | 166 (11.2%) |
| Bachelors | 223 (15%) |
| Graduate Degree | 351 (23.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,063 ≈ Avg |
|---|---|
| Median Home Value | $251,200 ▼ 10% below avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $963/mo |
| Total Housing Units | 1,084 |
| Vacant Units | 99 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milford is a city in Virginia, located in Caroline County. The city spans 1 ZIP code and is home to approximately 2,397 residents. It is a mature city, with a median age of 47.1 years.
Economically, Milford is a solidly middle-class community. The median household income of $74,063 is near the national average. Approximately 11.1% of residents live below the poverty line. The unemployment rate is 4.9%, near the national average.
The real estate market in Milford is a mid-range housing market. Median home values stand at $251,200, which is near the national average. Renters typically pay around $963 per month. Homeownership is high at 74.8%, typical of suburban and family-oriented communities.
The population of Milford is moderately educated. 38.6% of adults hold a bachelor's degree or higher — near the national average. The community is majority White (64.71%).
Milford, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 22514 | 2,397 | $74,063 | $251,200 | $963 | 4.9% | 38.6% | 74.8% |