Affordable & Income-Based Housing in Milford

Affordability in Milford, DE

The median household income in Milford is $59,464 per year and the median gross rent is $1,260 per month, according to Census ACS 5-Year data (2024). Nearly half of Milford residents -- 49% -- are renters, reflecting strong demand for rental housing in the city.

Milford has 10 HUD-assisted or income-restricted properties totaling 557 units, offering an important source of below-market housing for income-qualified renters.

Safety

According to FBI Crime Data Explorer, the Milford Police Department reported a violent crime rate of 791 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and jurisdiction definitions.

Getting Around Milford

According to Walk Score, the area around assisted properties in Milford has a Walk Score of 47 (Car-Dependent) and a Bike Score of 39. Most daily errands will likely require a car, and cycling infrastructure is limited. No Transit Score is available for this area.

Schools

According to the NCES Common Core of Data, 6 public schools across 1 district serve Milford, including 3 elementary, 1 middle, 1 high school, and 1 other campus. Ratings vary by school, so renters should check which schools are assigned to a specific address before making a decision.

Cost of Living in Milford, DE

The median household income in Milford is $59,464 per year, according to the Census ACS 5-Year estimate. The median gross rent in the city is $1,260 per month, according to the same source, which helps illustrate how far income-restricted housing can stretch a budget for eligible renters.

• Median household income: $59,464/year (Census ACS 5-Year)
• Median gross rent: $1,260/month (Census ACS 5-Year)
• Share of renter households: 49% (Census ACS 5-Year)

With nearly half of Milford households renting, affordable and income-based housing plays an important role in the local market. The 557 income-restricted units across 10 properties tracked by Lease Lantern represent a meaningful share of options for rent-burdened households.

Flood and Environmental Exposure

All 10 affordable housing properties in Milford have been mapped for flood zone status. None are located in a high-risk flood zone, which is a relatively low level of flood exposure for the portfolio.