Milford Mill, Maryland Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Milford Mill, Maryland rental market.
Milford Mill, Maryland
Average Apartment Rent
$1,557
Y-o-Y Change in Average
Apartment Rent
2.5%
As of March 2026
Compared to a year ago, Milford Mill, Maryland apartments have recorded a 2.5% rent increase.
Milford Mill, Maryland Average apartment rent trend
Milford Mill, Maryland Average Apartment Rent
Milford Mill, Maryland Apartment rent ranges
At 52.54%, apartments priced $1,500 - $2,000 represent the bulk of Milford Mill, Maryland rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.86%.
Milford Mill, Maryland Housing tenure**
Renters take up 55% of Milford Mill, Maryland real estate, occupying a total of 6,421 units, while homeowners live in 5,168 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$58,291
Average household size of renter-occupied housing units**
2.62
Rental vacancy rate**
6.1%
Milford Mill, Maryland Renter-occupied housing units by no. of bedrooms**
There are 3,200 rentals in Milford Mill, Maryland with 2 beds making up the highest share of the market, at 50%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 63 units. Overall, the median number of rooms in Milford Mill, Maryland homes for rent is 4.4.
Milford Mill, Maryland Renter-occupied units by age of householder**
Most condos for rent in Milford Mill, Maryland are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
Milford Mill, Maryland Renter-occupied housing units by family type**
Milford Mill, Maryland Renter-occupied housing units by the presence of own children**
A total of 3,652 apartments for rent in Milford Mill, Maryland, or 57% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 2,515 units. All in all, the median size of a renter-occupied household in Milford Mill, Maryland is 2.62.
Milford Mill, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Milford Mill, Maryland.
Milford Mill, Maryland Renter-occupied units by year structure built**
The highest share of Milford Mill, Maryland apartment rentals, namely 21% or 1,341 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (19%, 1,229 units), and the ones Built 1980 - 1989 (19%, 1,209 units).
Milford Mill, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Milford Mill, Maryland renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Milford Mill, Maryland condos for rent is 2017.
Milford Mill, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Milford Mill, Maryland renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 13% have No vehicle available.
Milford Mill, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Milford Mill, Maryland Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Milford Mill, Maryland apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
