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Property in Milford, Maine
| Zipcode |
Population |
Households |
Average
house value | | 04461 | 2,950 | 1,246 | $135,226 |
Other cities in the area: Bangor, Ellsworth, Old Town, Orono, Brewer, Holden, Eddington, Greenbush
Condition of the land in Milford is important when buying it as an income property. Local temperature and climate play into this condition. If the area has never been farmed but the soil is good, the price could be higher. If toxic chemicals have been driven into the ground or illegally leached out of pipes, the putative value of the land will drop because it will not be worth as much to other prospective buyers. Milford is just one part of Maine prospering from the state's healthy business climate, with exciting opportunities for investors and entrepreneurs.
The most dominant business advantages in the state include a skilled work force, excellent training opportunities, business tax incentives and a solid transportation network.
Maine has also shifted its focus from the more traditional industries to the "new economy" industries including high-tech manufacturing,
biotechnology and telecommunications, providing exciting opportunities for residents and investors, and further diversifying
the local economy in locations like Milford.
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