Commercial Real Estate Market in Milford, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6 active listings and 7 off-market properties in Milford, UT.
Market Trends
Milford, UT spans 308.9 square miles in Beaver County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Milford, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Milford, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Milford, UT runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Milford, UT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50.3%
- Industrial 38.1%
- Commercial 6.9%
Largest Zones share of zoned land by district
Manufacturing
Residential Medium
Residential Medium Special
Main Street Commercial
Industrial Park District
Milford, UT zones 1,369 acres across 10 districts. Commercial zoning covers 6.9% of zoned land, residential 50.3% and industrial 38.1%. The largest single district is Manufacturing at 31.8%. For commercial buyers the practical constraint is that only 45% of land carries a commercial or industrial designation.
Residential Medium (RM-6)
The Residential Medium RM designation allows for a range of detached and attached single family units and low intensity multi family residential units
Market overview
Demographics & Economy
Milford, UT has 1,662 residents in 681 households. Density runs 5 people per square mile. Median household income here is $77,778 and median gross rent $872 a month.
1,662
Population
681
Households
2.4
Avg Household Size
33
Median Age
31%
College-Educated
92%
High-School Grad
308.9 sq mi
ZIP Area
5
Density / Sq Mi
$77,778
Median Household Income
$45,750
Median Earnings
$872
Median Rent
$237,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, UT asks an average of $12 per square foot.
What zoning applies to commercial property in Milford?
Milford, UT zones 1,369 acres across 10 districts, of which 6.9% is commercial and 38.1% industrial. The largest single district is Manufacturing at 31.8% of zoned land. Residential zoning covers 50.3% and open space 0%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, UT figures from 6 active sale listings, 7 tracked off-market properties, the current Milford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Milford, UT. 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: 1,369 zoned acres across 10 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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 30 September 2026 · How Realmo checks market page data · Report a data issue
