Commercial Real Estate Market in Milford, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 61 off-market properties in Milford, NY.
Market Trends
Milford, NY spans 21.5 square miles in Otsego County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, NY 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, NY 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, NY 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, NY asks $97/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
Market overview
Demographics & Economy
Milford, NY has 1,061 residents in 719 households. Density runs 49 people per square mile. Median household income here is $86,250 and median gross rent $838 a month.
1,061
Population
719
Households
1.5
Avg Household Size
51
Median Age
35%
College-Educated
91%
High-School Grad
21.5 sq mi
ZIP Area
49
Density / Sq Mi
$86,250
Median Household Income
$34,047
Median Earnings
$838
Median Rent
$167,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Portlandville | — | — |
| Maryland | — | — |
| Milford Center | — | $14.03 |
| Elk Creek | — | — |
Commercial property in Milford, NY asks $185/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, NY asks an average of $185 per square foot. Multifamily carries the highest asking price at $97/SF.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, NY figures from 2 recent recorded sales, 13 active sale listings, 61 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Milford, NY. 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.
- 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
