Market Overview
Home Prices in New Milford, PA
The median home value in New Milford, PA is $244,933 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Milford are priced40% below average.
Price History
New Milford Home Price Trend
2024
$217,718
$218K
—
2025
$226,736
$227K
+4.1%
2026
$244,933
$245K
+8.0%
City Comparison
New Milford vs. National Median
🏠 New Milford
$244,933
National Median
$410,000
At $244,933, homes in New Milford cost 40% below the national median of $410,000. This makes New Milford a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Milford?
20% Down Payment
$48,987
on $244,933
Monthly P&I
$1,277/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,622/mo
incl. taxes & insurance
Income Needed
$64,880
gross annual (30% rule)
10% Down Option
$24,493
+ PMI applies
Loan Amount (20% dn)
$195,946
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Milford, PA?
The median home value in New Milford is $244,933 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in New Milford?
Over the past year, home values in New Milford have increased by 8%.
How much do I need to earn to buy a home in New Milford?
To comfortably afford the median home price of $244,933 with a 20% down payment ($48,987) at today's rates (6.8%), you'd need a gross annual income of approximately $64,880. This assumes keeping total housing costs at or below 30% of gross income.
How does New Milford compare to the national average home price?
The national median home value is approximately $410,000. At $244,933, homes in New Milford are 40% below the national average.