Milford, DE

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Milford short-term rental market based on reliable data.

Listings

140 / 315

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$27,405

Middle-Earners Revenue

Occupancy

50%

Middle-Earners Occupancy

Home Value

$336,942

Median Home Sale Price

Top Earners

$60,090

Top-Earners Revenue

Milford

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Milford.

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B

Generally Investor friendly

Milford Regulations

Short‑term rentals are clearly allowed citywide with a simple, low‑cost residential rental license ($50 per unit) and no explicit caps, but investors must navigate a four‑year rotational inspection program and ongoing state lodging tax compliance, plus fines up to $1,000/day for violations.

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About Milford

Milford is a city in Kent and Sussex counties in the U.S. state of Delaware. According to the 2020 census, the population of the city is 11,190 people and 4,356 households in the city.The Kent County portion of Milford is part of the Dover, DE Metropolitan Statistical Area and the Philadelphia-Reading-Camden, PA-NJ-DE-MD Combined Statistical Area, while the Sussex County portion is part of the Salisbury, MD-DE Metropolitan Statistical Area.

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