Milton, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Milton Neighborhoods Since 2000




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 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 37,547 people, 12,061 houses or apartments, and a median cost of homes of $581,747, 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 ( 69.16%).

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 ( 40.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.80%).

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 13.89%, which ranks in the top 30% nationwide. This equates to an annual average Milton house appreciation rate of 1.31%.

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 8.79%, which is higher than appreciation rates in 90.01% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$581,747

Milton, GA HOME PRICES

Value Range
> $1,280,000 4.5
$960,001 - $1,280,000 5.9
$640,001 - $960,000 23.9
$512,001 - $640,000 14.3
$384,001 - $512,000 12.2
$256,001 - $384,000 18.9
$128,001 - $256,000 15.0
$64,001 - $128,000 3.8
$0 - $64,000 1.6

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
4.21305519746865 0.211416490486258

Number Of Homes And Apartments:
12,061

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
55.72% 2.60% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,877 / per month

Homeownership Rate

Homeownership
Owners 69.16
Renters 30.84
Vacant 4.20

Housing Market Details

 

Age of Homes

AGE OF Milton HOMES
2000 or Newer 40.4
1970 - 1999 54.1
1940 - 1969 4.8
1939 or Older 0.7

Types of Homes

TYPE OF Milton HOMES
Single-Family 69.0
Townhomes 11.6
Small Apt. Buildings 3.2
Apt. Complexes 16.1
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Milton HOMES
No Bedroom 0.81
1 Bedroom 6.70
2 Bedrooms 17.05
3 Bedrooms 25.23
4 Bedrooms 23.71
5 or more bedrooms 26.51