Milford is located in New Haven County, Connecticut, and is slowly rising and becoming one of the more affluent cities of the state. Additionally, in recent years the city has been experiencing substantial growth, increasing its economy while also managing to keep a balance between urbanization and the natural landscape of the city's location. The population is estimated to be about 54,000 residents, though such a number is bound to increase in the coming years.
The current median income for Milford is about $71,000 for households, and just above $85,000 for families, making it one of the more wealthy cities in the state. Due to the average income of the city, it is of no surprise that the Milford homes for sale on the market will also have substantial prices. The average listing for Milford homes for sale is just under $400,000, with a sale price average of about $280,000.
However, areas such as Woodsmont, which located right on the Long Island Sound, have average listing prices of $435,000. Though there are more expensive homes for sale in CT, Milford homes for sale are certainly above the national average. The rise in Milford homes for sale, both in actual sales and prices can be due to the current revitalization of the town, particularly in the downtown area, which is also experiencing rising prices in the real estate market as well.