Commercial Real Estate Market in Milford, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 398 off-market properties in Milford, NH. Commercial property asks $79/SF to buy and $10.82/SF/Yr to lease.
Market Trends
Milford, NH spans 25.4 square miles in Hillsborough County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, NH runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Milford, NH runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Milford, NH runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Milford, NH asks $260/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 85.9%
- Industrial 9.6%
- Civic 4%
- Commercial 0.6%
Largest Zones share of zoned land by district
Residence R
Residence A
Industrial
Commercial
Integrated Commercial Industrial
Milford, NH zones 16,310 acres across 8 districts. Commercial zoning covers 0.6% of zoned land, residential 85.9% and industrial 9.6%. The largest single district is Residence R at 74.1%. For commercial buyers the practical constraint is that only 10.2% of land carries a commercial or industrial designation.
Residence R (R)
The intent of the Residence R District is to provide for low density residential and agricultural land uses, and other compatible land uses, that are sensitive to the rural character and environmental constraints existing in the district.
Market overview
Demographics & Economy
Milford, NH has 16,120 residents in 6,692 households. Density runs 635 people per square mile. Median household income here is $94,514 and median gross rent $1,569 a month.
16,120
Population
6,692
Households
2.4
Avg Household Size
41
Median Age
34%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
635
Density / Sq Mi
$94,514
Median Household Income
$52,979
Median Earnings
$1,569
Median Rent
$363,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Amherst | — | $24.50 |
| Mount Vernon | — | — |
| Mont Vernon | — | — |
| Wilton | — | — |
Commercial property in Milford, NH asks $79/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, NH asks an average of $79 per square foot. The 8 most recent recorded sales traded at a median of $148/SF. Multifamily carries the highest asking price at $260/SF.
How much does it cost to lease commercial space in Milford?
Asking lease rates in Milford, NH average $10.82 per square foot per year.
What zoning applies to commercial property in Milford?
Milford, NH zones 16,310 acres across 8 districts, of which 0.6% is commercial and 9.6% industrial. The largest single district is Residence R at 74.1% of zoned land. The intent of the Residence R District is to provide for low density residential and agricultural land uses, and other compatible land uses, that are sensitive to the rural character and environmental constraints existing in the district. Residential zoning covers 85.9% and open space 0%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, NH figures from 8 recent recorded sales, 5 active sale listings, 8 active lease listings, 398 tracked off-market properties, the current Milford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 8 active for-lease listings in Milford, NH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 16,310 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
