Commercial Real Estate Market in Milford, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 78 off-market properties in Milford, VA.
Market Trends
Milford, VA spans 77.1 square miles in Caroline County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Milford, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Milford, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Milford, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Milford, VA has 2,605 residents in 1,084 households. Density runs 34 people per square mile. Median household income here is $74,063 and median gross rent $963 a month.
2,605
Population
1,084
Households
2.4
Avg Household Size
46
Median Age
22%
College-Educated
86%
High-School Grad
77.1 sq mi
ZIP Area
34
Density / Sq Mi
$74,063
Median Household Income
$33,868
Median Earnings
$963
Median Rent
$251,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Enon | — | — |
| New Baltimore | — | — |
| Bowling Green | — | — |
| Woodford | — | — |
Frequently Asked Questions
Where does Realmo's Milford market data come from?
Realmo compiles Milford, VA figures from 2 recent recorded sales, 9 active sale listings, 2 active lease listings, 78 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 9 active for-sale and 2 active for-lease listings in Milford, VA. 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 South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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
