Home Insurance in Milford, Pennsylvania
Homes in Milford carry a median value of $362,600 - 33% higher than the Pike County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Milford was built around 1948. About 60% of homes were built before 1960, about 45 points above Pike County's 15%.
The housing stock in Milford is 53% single-family homes, 12% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Milford, about 55% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 43% of occupied homes in Milford are owner-occupied. The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Milford - 67% - are primarily heated with natural gas.
What's the biggest home insurance risk near Milford? FEMA's National Risk Index points to inland flooding (Relatively Moderate) in Pike County and Pike County had 187 active NFIP flood policies as of September 2026. See the full Pike County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Pennsylvania carries a statewide average premium of $1,217 per year.
Key figures
| Median home value | $362,600 |
|---|---|
| Median year built | 1948 |
| Owner-occupied share | 43% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Pike County | 187 |
| Home insurance premium | $1,217 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)