Performance indicators for the Milford short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Milford.
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Challenging to Investors
STRs are treated as “Boarding or Rooming House” and require a Special Permit plus site plan review and a Certificate of Zoning Compliance—allowed only in select residential/office and limited commercial districts and prohibited in industrial areas. The multi‑stage permitting process (public hearing, coordination with multiple boards, building permits, and recorded approvals) creates cost and complexity, and the lack of a dedicated STR category increases legal/operational uncertainty. While not citywide‑banned, the constrained zones, approval hurdles, and enforcement exposure keep it challenging for investors.
Local STR Agent
STR specialist · Milford, MA
Milford is a town in Worcester County, Massachusetts, United States. The population was 30,379 according to the 2020 census. First settled in 1662 and incorporated in 1780, Milford became a booming industrial and quarrying community in the 19th century due to its unique location which includes the nearby source of the Charles River, the Mill River, the Blackstone River watershed, and large quantities of Milford pink granite.