Milton, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Milton Neighborhoods Since 2000




Milton, FL 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 9,628 people, 3,762 houses or apartments, and a median cost of homes of $100,201, house prices in Milton are solidly below the national average.

Single-family detached homes are the single most common housing type in Milton, accounting for 76.14% of the city's housing units. Other types of housing that are prevalent in Milton include large apartment complexes or high rise apartments ( 13.54%), duplexes, homes converted to apartments or other small apartment buildings ( 9.76%).

The most prevalent building size and type in Milton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.82% owning and 52.18% renting.

There is a lot of housing in Milton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Milton built between 1940-1969 ( 34.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.35%). There's also some housing in Milton built before 1939 ( 3.98%).

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 -2.04%, which is lower than 80% of US communities.

Appreciation rates are so strong in Milton that despite a nationwide downturn in the housing market, Milton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Milton appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 70.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Milton. Milton appreciation rates in the latest quarter were at 1.03%, which equates to an annual appreciation rate of 4.17%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. 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:
$100,201

Milton, FL HOME PRICES

Value Range
> $1,139,000 0.1
$854,001 - $1,139,000 0.4
$570,001 - $854,000 0.8
$455,001 - $570,000 0.5
$342,001 - $455,000 2.0
$228,001 - $342,000 7.5
$114,001 - $228,000 38.9
$57,001 - $114,000 41.2
$0 - $57,000 8.6

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
77.4405250205086 88.8888888888889

Number Of Homes And Apartments:
3,762

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
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
27.86% 1.43% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,008 / per month

Homeownership Rate

Homeownership
Owners 47.82
Renters 52.18
Vacant 8.69

Housing Market Details

 

Age of Homes

AGE OF Milton HOMES
2000 or Newer 23.3
1970 - 1999 38.3
1940 - 1969 34.4
1939 or Older 4.0

Types of Homes

TYPE OF Milton HOMES
Single-Family 76.1
Townhomes 0.0
Small Apt. Buildings 9.8
Apt. Complexes 13.5
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Milton HOMES
No Bedroom 1.48
1 Bedroom 7.72
2 Bedrooms 20.68
3 Bedrooms 54.98
4 Bedrooms 14.73
5 or more bedrooms 0.41