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NE area data

Milford, NE

Milford, NE.

Population: 3,575 (Census ACS)

The typical home value in Milford, NE is $319,762 — up 9.2% over the past year. Homes sell for a median $291,000 after a median 11 days on market. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with drought, hail, ice storm the top-rated hazards. Cost of living is 9.9% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$319,762

Typical home value

+9.2%

1-year change

11

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Typical home value
$319,762
1-year appreciation
+9.2%
3-year appreciation
+17.8%
5-year appreciation
+35.3%
10-year appreciation
+89.0%
Peak value since 2000 (Aug 2026)
$319,762
House Price Index (state)
443.6 (+2.0% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$291,000
Median list price
$333,750
Median price per sqft
$153
1-year sale-price change
+29.3%
Median days on market
11 days
Homes sold (recent period)
8
For-sale inventory
7
Sale-to-list ratio
99.5%
Active listings
5
1-year forecast
+2.5%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$820/mo
1BR fair-market rent
$830/mo
2BR fair-market rent
$1,055/mo
3BR fair-market rent
$1,461/mo
4BR fair-market rent
$1,728/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.1 (100 = US avg)
Electricity rate (state-level)
12.3¢/kWh
Natural gas rate (state-level)
$11.40/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1
Avg student-teacher ratio
13.0 : 1
Schools include
MILFORD ELEMENTARY SCHOOL, MILFORD HIGH SCHOOL

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
drought, hail, ice storm, strong wind
Notable hazard ratings (county)
hail: Relatively Moderate · drought: Relatively Moderate · ice storm: Relatively Moderate · strong wind: Relatively Moderate · tornado: Relatively Low · wildfire: Relatively Low
Most common flood zone among NFIP claims
Zone AE
NFIP flood claims on record
3
Wildfire risk to homes (county)
Higher than 55% of US counties
Buildings in wildfire direct-exposure zone
41.0%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
79.0°F
Average high
80.0°F
Average low
78.0°F
Annual precipitation
30.6 in
USDA plant hardiness zone
5b (extreme annual low -15 to -10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
4.3 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
4,882
Jobs reachable by transit (45 min)
4,620

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Homestead National Historical Park (35 mi)
Airports within 30 mi
20
Nearest airport
Roth Airport (0 mi)
Nearest major airport
Lincoln Airport (LNK) (17 mi)
Hospitals in or near this ZIP
16
Hospitals include
BRYAN MEDICAL CENTER, LINCOLN SURGICAL HOSPITAL, CHI HEALTH ST. ELIZABETH
Avg hospital rating (CMS)
3.7 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.3 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-5 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1964
Housing built before 1970
56.8%
Housing built 2000 or later
8.3%
Median annual property tax
$2,962
Mean commute to work
18 min
Households with broadband internet
68.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
4,766
Average weekly wage
$1,027
Top industries (by employment)
Construction, Accommodation & Food, Wholesale Trade
Annual residential building permits (county)
56

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

MilfordState medianUS median
Typical home value$319,762$238,068$288,527
Median sale price$291,000$268,738$325,000
Median days on market11 days36 days51 days
Median annual property tax$2,962$2,000$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Milford, NE?
$319,762.
What is the median sale price in Milford, NE?
$291,000.
How long do homes take to sell in Milford, NE?
Median days on market: 11 days.
What is typical rent in Milford, NE?
2-bedroom fair-market rent: $1,055/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Milford, NE?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: drought, hail, ice storm, strong wind.
Is Milford, NE in a flood zone?
Flood zones vary by property within Milford, NE. 3 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is AE. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in Milford, NE?
Risk to homes is higher than 55% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Milford, NE?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Milford, NE?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Milford, NE?
2 schools (1 elementary, 1 high) (NCES, 2024-25).
Is Milford, NE walkable?
Walkability index: 4.3/20 (EPA Smart Location Database).
What is the cost of living in Milford, NE?
Regional Price Parity: 90.1 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP code for Milford

Listing a home in Milford, NE?

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents