Why Live in Milford
Milford, ME, is a small town located 12 miles from Bangor along the Penobscot River. The town is known for its historic Milford Dam and the sawmills that once lined the river. Today, Milford features a variety of home styles, including manufactured homes, Colonial Revivals, ranch-style, and split-level houses, many built in the early to mid-1900s. The town offers a range of yard sizes, with some homes boasting views of the water and others surrounded by forests. Milford is a walkable community with numerous sidewalks, making it easy for residents to stroll, jog, or walk their dogs. U.S. Route 2 serves as a main thoroughfare, connecting Milford to nearby towns and Bangor International Airport, which is 15 miles away. For dining and shopping, residents often visit Old Town, just across the river, where they can enjoy Maine-style seafood at Pepper’s Landing or rooftop dining at KANÙ. Recreational options in Milford include the Milford Playground, Binette Park in Old Town, and the Sunkhaze Meadows National Wildlife Refuge, which offers hiking trails and is home to endangered species. The town's public schools offer a range of ratings, providing various educational opportunities for local students. With its scenic surroundings and community-oriented atmosphere, Milford presents a blend of natural beauty and practical amenities, making it a unique place to live.
Frequently Asked Questions
What is the average home price in Milford, ME?
Homes for sale in Milford, ME have an average home price of $267,745.
Are home prices dropping in Milford?
Yes, home prices in Milford are down 2% in the last 12 months.
How many homes have sold over the last 12 months in Milford, ME?
35 homes have sold in Milford, ME over the last 12 months.
What are the most popular zip codes in Milford, ME?
How much do you need to make to afford a house in Milford?
The median home price in Milford is $264,450. If you put a 20% down payment of $52,900 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $59K a year to afford the median home price in Milford.
How are the schools in Milford, ME?
Home Trends in Milford, ME
On average, homes in Milford, ME sell after 41 days on the market compared to the national average of 50 days. The median sale price for homes in Milford, ME over the last 12 months is $226,100, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$226,100
Median Single Family Sale Price
$262,500
Median Townhouse Sale Price
$180,000
Median 2 Bedroom Sale Price
$185,750
Average Price Per Sq Ft
$170
Number of Homes for Sale
7
Last 12 months Home Sales
35
Median List Price
$264,450
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-10%
