Commercial Real Estate Market in Milford, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 2,092 off-market properties in Milford, PA.
Market Trends
Milford, PA spans 71.8 square miles in Pike County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, PA 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, PA 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, PA 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 vacancy in Milford, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 74.3%
- Commercial 25.7%
Largest Zones share of zoned land by district
Residential
Commercial
Limited Commercial
Milford, PA zones 296 acres across 3 districts. Commercial zoning covers 25.7% of zoned land, residential 74.3%. The largest single district is Residential at 74.3%. For commercial buyers the practical constraint is that only 25.7% of land carries a commercial or industrial designation.
Residential (R)
A conversion of any building to a residential use or the conversion of any dwelling to accommodate additional dwelling units shall comply with the standards in this § 312-27 and the other requirements applicable to the dwelling type to which conversion is proposed except as modified by this § 312-27 . A conversion shall be permitted only within a district in…
Market overview
Demographics & Economy
Milford, PA has 15,519 residents in 7,615 households. Density runs 216 people per square mile. Median household income here is $89,935 and median gross rent $1,507 a month.
15,519
Population
7,615
Households
2
Avg Household Size
47
Median Age
33%
College-Educated
95%
High-School Grad
71.8 sq mi
ZIP Area
216
Density / Sq Mi
$89,935
Median Household Income
$48,022
Median Earnings
$1,507
Median Rent
$284,200
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Milford?
Milford, PA zones 296 acres across 3 districts, of which 25.7% is commercial and 0% industrial. The largest single district is Residential at 74.3% of zoned land. A conversion of any building to a residential use or the conversion of any dwelling to accommodate additional dwelling units shall comply with the standards in this § 312-27 and the other requirements applicable to the dwelling type to which conversion is proposed except as modified by this § 312-27 . A conversion shall be permitted only within a district in… Residential zoning covers 74.3% and open space 0%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, PA figures from 6 recent recorded sales, 1 active sale listings, 11 active lease listings, 2,092 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 1 active for-sale and 11 active for-lease listings in Milford, PA. 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: 296 zoned acres across 3 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
