Home prices
The value of the median home in New Milford is $116,700. Compared to its surrounding areas it is roughly $17,140 (12%) lower.It is about $100,800 (46%) lower in comparison to the entire nation, and is approximately $141,300 (54%) lower in comparison to the city of Chicago.
Rents
In New Milford the median monthly rent is $689. This is roughly $191 (21%) lower in comparison to its nearby areas.It is approximately $373 (35%) lower in comparison to the nation as a whole, and it is about $423 (38%) lower in comparison to the city of Chicago.
Nearby places
Rockford
Rockford is New Milford's neighbor to the north. Housing prices there are a little less expensive. The value of the median home in Rockford is $91,600, which comes out to $25,100 (27%) lower than New Milford. Rents there are a little more expensive. The median rent in Rockford is $772 a month, which comes out to $83 (10%) higher than New Milford.
Davis Junction
Davis Junction is roughly 4 miles south from New Milford. The real estate prices there are a bit more expensive. Davis Junction's median home cost is $145,800, which works out to $29,100 (19%) higher than New Milford. Rent there is a bit more expensive. The median monthly rent in Davis Junction is $996, which is $307 (30%) higher than New Milford.
Cherry Valley
Cherry Valley is roughly 5 miles northeast of New Milford. Its real estate prices are somewhat more expensive. Cherry Valley's median home cost is $170,100, which comes out to $53,400 (31%) higher than New Milford. Rents there are a bit more expensive. The median monthly rent in Cherry Valley is $739, which works out to $50 (6%) higher than New Milford.
Monroe Center
Monroe Center is roughly 5 miles southeast of New Milford. Its housing prices are fairly similar. Monroe Center's median home value is $119,400, which is $2,700 (2%) higher than New Milford. Rents there are a little more expensive. The median monthly rent in Monroe Center is $917, which works out to $228 (24%) higher than New Milford.
Stillman Valley
Stillman Valley is roughly 6 miles southwest from New Milford. Its housing prices are a bit more expensive. The median home in Stillman Valley costs $142,300, which works out to $25,600 (17%) higher than New Milford. Rents there are a little more expensive. The median monthly rent in Stillman Valley is $978, which comes out to $289 (29%) higher than New Milford.
