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Milford town, IN

ZIP 46542 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46542

Median Home Value
$178,400
Median Rent
$680
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,146/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46542 in Milford town, IN, a household would need roughly $49,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,146. That sits below the local median household income ($75,192), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.2%+32% vs US avg
x
Vacancy Rate
0.8%-92% vs US avg
x
Broadband Access
71.3%-18% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
5.7%-88% vs US avg
x
Mortgage-Free
41.3%+8% vs US avg
x
$178,400
Home Value
$680
Rent
1975
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached84.7%
  • 1-unit attached1.6%
  • 2-9 units6.7%
  • 10+ units0.0%
  • Mobile home & other7.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$178,400
Median rent$680
Owner-occupied86.2%
Vacant0.8%
Price-to-income2.4x
Est. income to buy$49,000