Foreclosure Homes in Milford, ME

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View this home at Maple St Milford ME 04461
$231,935 EMV

3 Bed | 2 Bath | 1,512 Sq. Ft.

View this home at Bullen St Milford ME 04461
$170,081 EMV
View this home at Ash Ln Milford ME 04461
$301,434 EMV
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Home Value Estimator For Milford, ME

There are currently 903 real estate properties in Milford, ME, with a median automated valuation model (AVM) price of $220,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Milford, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Milford, ME, is $232,374.00, with the most expensive house in Milford, ME, topping out at $1,460,500.00 and the cheapest home in Milford, ME, clocking in at $58,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Milford, ME!

Rent Prices In Milford, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Milford, ME, is on a rollercoaster ride. The average rent price in Milford, ME, is $1,182.00. Indeed, when looking to rent in Milford, ME, you can expect to pay as little as $840.00 or as much as $1,460.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Milford, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Milford, ME

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Milford, ME area at Get information on foreclosure homes for rent, how to buy foreclosures in Milford, ME and much more. Save thousands at closing with home foreclosure listings in Milford, ME — up to 75% off market value!

Top Reasons To Live In Milford, ME In 2023

Milford is located in Penobscot, Maine, with an estimated municipal population of 2,991 residents. All of the best foreclosed homes for sale in Milford are located in the following zip code areas on 04461. The estimated population per square kilometer (.62 miles) in Milford is 25.

Cost Of Living In Milford, ME

So, about how much do homes cost in Milford? The most recent median value of resident-owned homes in Milford is 109,255. An estimated 75.6 percent of households in Milford own their homes, with an average family size of 2.83. The median household income in Milford is 53,349, with18.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Milford, the median commute time of resident workers (in minutes) is 22.9. And last, but certainly not least, are you looking for homes to rent in Milford? If so, the average rent price paid by renters in Milford is 929, according to recent statistics.

Diversity And Demographics In Milford, Maine

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Milford, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Milford is 36.3, split between 45.4 percent male versus 54.6 female. The percentage of residents who report being married in Milford is 52.8, with an average family size of 2.83.

The percentage of residents who report their race in Milford is as follows:

White 97.6%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 2.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Milford? Or maybe you are searching for 55+ active adult communities in and/or near Milford?

The percentage of residents who report their age in Milford is as follows:

Under 10 14.4%
Aged 10-19 8.3%
20s 15.8%
30s 17.7%
40s 10.2%
50s 12.7%
60s 14.2%
70s 2.9%
80+ 3.9%

Best Schools In Milford, Maine

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Milford with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Milford.

Pros And Cons Of Living In Milford, Maine

How do you know that living in -- or moving to -- Milford is right where you need to be? Perhaps you grew up in Milford or already live nearby; therefore, the decision to buy a home in Milford is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Milford for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Milford:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Milford.

Reasons To Move To Milford, Maine, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Milford can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Milford, meanwhile, can field multiple offers from more qualified buyers.

Milford, ME Foreclosures


Listing types in Milford, ME

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