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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Milton, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Milton, MA Housing Market Trends

With 28,364 people, 9,139 houses or apartments, and a median cost of homes of $1,093,137, Milton house prices are not only among the most expensive in Massachusetts, Milton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Milton, accounting for 72.69% of the town's housing units. Other types of housing that are prevalent in Milton include duplexes, homes converted to apartments or other small apartment buildings ( 15.34%), large apartment complexes or high rise apartments ( 7.83%), and a few row houses and other attached homes ( 4.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Milton. Owner-occupied housing accounts for 79.49% of Milton's homes, and 64.91% have either three or four bedrooms, which is average sized relative to America.

The housing in Milton was primarily built before 1939 ( 46.52%), making the housing stock in Milton some of the oldest overall in America, although there is a range of ages of homes in Milton. The next most important housing age is between 1940-1969 ( 30.57%), followed by between 1970-1999 ( 14.97%). There's also some housing in Milton built between 2000 and later ( 7.94%).

Milton Home Appreciation Rates

Appreciation rates for homes in Milton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.38%, which ranks in the top 50% nationwide. This equates to an annual average Milton house appreciation rate of 6.19%.

NeighborhoodScout's data show that during the latest twelve months, Milton's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Milton's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Massachusetts, our data show that Milton's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Milton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Milton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Milton real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,093,137

Milton, MA Home Prices
> $1,206,000
$905,001 - $1,206,000
$603,001 - $905,000
$482,001 - $603,000
$362,001 - $482,000
$241,001 - $362,000
$121,001 - $241,000
$60,001 - $121,000
$0 - $60,000
31.5%
31.5%
29.4%
29.4%
25.5%
25.5%
8.0%
8.0%
1.2%
1.2%
0.7%
0.7%
1.4%
1.4%
1.3%
1.3%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

9,139

Milton Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,394 / per month

Homeownership Rate

Owners
Renters
79.5%
79.5%
20.5%
20.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.9%
7.9%
15.0%
15.0%
30.6%
30.6%
46.5%
46.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.7%
72.7%
4.1%
4.1%
15.3%
15.3%
7.8%
7.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
5.9%
5.9%
15.6%
15.6%
34.3%
34.3%
30.6%
30.6%
12.0%
12.0%
0% 100.0%
% of Homes