Milton, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Milton, GA 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Milton Housing Market Information

With a population of 38,411, 12,461 total housing units (homes and apartments), and a median house value of $596,591, Milton house prices are not only among the most expensive in Georgia, Milton real estate also is some of the most expensive in all of America.

Milton is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Milton than is found in 98% of the communities in America.

The large homes that make up Milton are primarily owner-occupied ( 70.16%).

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 2000 and later ( 43.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.93%).

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 22.44%, which ranks in the top 30% nationwide. This equates to an annual average Milton house appreciation rate of 2.05%.

NeighborhoodScout's data show that during the latest twelve months, Milton's appreciation rate, at 5.77%, has been at or slightly above the national average. In the latest quarter, Milton's appreciation rate has been 2.98%, which annualizes to a rate of 12.47%.

Importantly, this makes Milton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$596,591

Milton, GA HOME PRICES

Value Range
> $1,288,000 5.6
$965,001 - $1,288,000 8.3
$643,001 - $965,000 24.3
$515,001 - $643,000 13.6
$386,001 - $515,000 11.8
$257,001 - $386,000 16.4
$129,001 - $257,000 15.4
$64,001 - $129,000 3.5
$0 - $64,000 1.1

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
4.65985401459854 0.210970464135021

Number Of Homes And Apartments:
12,461

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
67.59% 2.83%
10
7
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,772 / per month

Homeownership Rate

Homeownership
Owners 70.16
Renters 29.84
Vacant 4.75

Housing Market Details

 

Age of Homes

AGE OF Milton HOMES
2000 or Newer 43.5
1970 - 1999 52.0
1940 - 1969 3.9
1939 or Older 0.6

Types of Homes

TYPE OF Milton HOMES
Single-Family 69.2
Townhomes 12.3
Small Apt. Buildings 3.6
Apt. Complexes 14.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Milton HOMES
No Bedroom 1.51
1 Bedroom 6.79
2 Bedrooms 14.48
3 Bedrooms 26.03
4 Bedrooms 22.45
5 or more bedrooms 28.73