19963, Milford, DE

The 19963 zip code of Milford, DE has a median home value of $191,000. This is higher than the Delaware median home value of $157,500. The 19963 zip code also has a higher percentage of homes with a mortgage than the Delaware median home value percentage of 60%. This indicates that there are more homes in this zip code that are financed through a mortgage.

One reason for this may be that the average commute time to work in Milford is only 22 minutes. This is much shorter than the average commute time to work in Delaware which is 38 minutes. It may be that people in Milford are able to afford to buy homes more quickly because they do not have to spend as much time commuting each day.

Another factor that could contribute to the high home values in this zip code is the availability of jobs. The 19963 zip code has an unemployment rate of 3%, which is lower than the Delaware unemployment rate of 4%. It may be that people who live in this zip code are able to find jobs more easily and therefore can afford to buy homes more quickly.