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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Milford, DE Housing Affordability Index

Milford, Delaware has an MBR Housing Affordability Index score of 96.5 (Near National Average) as of October 30, 2026, ranking 48th most affordable of 59 scored Delaware cities, compared with 103.6 statewide and 97.4 nationally. On a median-priced $296,900 home with 20% down, the Delaware average 30-year fixed rate of 7.37% means a monthly principal and interest payment of about $1,639, or 33% of the city’s $59,464 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Milford is updated every night from live Delaware mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Milford MBR-HAI 96.5 Near National Average
Rank in Delaware 48 of 59 1 = most affordable
Delaware 103.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.37% Delaware lenders
Median home value $296,900 U.S. Census Bureau

Milford is 7.2 points below the Delaware score. Scores as of October 30, 2026. See the Delaware index

View Milford Mortgage Rates

What It Takes to Buy in Milford

$1,639/mo
Principal & Interest
Median home, 20% down, 7.37%
$70,200
Income Needed
To keep the payment at 28% of income
$59,464
Median Household Income
Delaware: $84,954
5.0x
Price-to-Income Ratio
Delaware: 4.1x
$1,158/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,638/yr
Median Property Tax
0.55% of median value
24.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
51.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Milford, Delaware. The rate is the Delaware average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Milford Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Milford, Delaware score: 96.5 (Near National Average), ranked 48 of 59 Delaware cities. monitorbankrates.com/housing-affordability-index/delaware/milford”