Construction Value
$1.5M ▼ 16.7%
Units Permitted
5 ▼ 16.7%
Avg Value / Unit
$300K
2024 · Census Bureau Building Permits Survey
Construction activity in Milford slowed in 2024, down 16.7% from the prior year with 5 housing units permitted. At $300K per unit, new builds are 14% below the Otsego County average of $351K, indicating more affordable construction. Volume is still modest compared to neighboring towns (90% fewer units than the county average of 52), but the investment per project is strong. All permits were for single-family homes.
Housing Mixi
Development Densityi
Units per building permitted
All construction is single-family detached homes.
Construction Intensityi
$3K
per resident
County avg: $43K-93%
$3.6M
per square mile
Milford vs. Otsego County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 5 | 5 | $1.5M | 100% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 0 | 0 | — | 0% |
County Ranking by Construction Volume
Among 3 permit-issuing towns in Otsego County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →