Milton, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Milton, DE Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Milton Housing Market Information

With 2,824 people, 1,178 houses or apartments, and a median cost of homes of $230,863, Milton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Milton, accounting for 67.78% of the town's housing units. Other types of housing that are prevalent in Milton include row houses and other attached homes ( 14.75%), large apartment complexes or high rise apartments ( 9.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.72%).

The most prevalent building size and type in Milton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.27% owning and 38.73% renting.

Milton homes and real estate are some of the newest in America. 42.06% of Milton's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Milton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.91%), and before 1939 ( 20.73%). There's also some housing in Milton built between 1940-1969 ( 9.30%).

Vacant housing appears to be an issue in Milton. Fully 10.89% of the housing stock is classified as vacant. Left unchecked, vacant Milton homes and apartments can be a drag on the real estate market, holding Milton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Milton Home Appreciation Rates

Milton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Milton during the period has been just -1.94%, which is lower than 80% of US communities.

Over the last year, Milton appreciation rates have trailed the rest of the nation. In the last twelve months, Milton's appreciation rate has been 1.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Milton were at -0.31%, which equates to an annual appreciation rate of -1.24%.

Relative to Delaware, our data show that Milton's latest annual appreciation rate is lower than 80% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$230,863

Milton, DE HOME PRICES

Value Range
> $1,081,000 0.3
$811,001 - $1,081,000 2.4
$541,001 - $811,000 4.3
$432,001 - $541,000 6.2
$324,001 - $432,000 17.9
$216,001 - $324,000 32.5
$108,001 - $216,000 28.4
$54,001 - $108,000 5.4
$0 - $54,000 2.5

High for DE
High for Nation

Value Relative to Nation Value Relative to State
25.670924645494 40.9090909090909

Number Of Homes And Apartments:
1,178

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
68.46% 3.07% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,223 / per month

Homeownership Rate

Homeownership
Owners 61.27
Renters 38.73
Vacant 10.89

Housing Market Details

 

Age of Homes

AGE OF Milton HOMES
2000 or Newer 42.1
1970 - 1999 27.9
1940 - 1969 9.3
1939 or Older 20.7

Types of Homes

TYPE OF Milton HOMES
Single-Family 67.8
Townhomes 14.8
Small Apt. Buildings 7.7
Apt. Complexes 9.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Milton HOMES
No Bedroom 0.98
1 Bedroom 8.77
2 Bedrooms 23.37
3 Bedrooms 52.04
4 Bedrooms 12.78
5 or more bedrooms 2.04

Popular Neighborhoods in Milton

Zip Codes in Milton, DE