Milton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Milton Neighborhoods Since 2000




Milton, MA 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 a population of 27,374, 9,049 total housing units (homes and apartments), and a median house value of $684,107, 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 73.40% 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 ( 12.40%), large apartment complexes or high rise apartments ( 10.66%), and a few row houses and other attached homes ( 3.44%).

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 73.31% of Milton's homes, and 66.56% have either three or four bedrooms, which is average sized relative to America.

The housing in Milton was primarily built before 1939 ( 46.87%), 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 ( 29.66%), followed by between 1970-1999 ( 16.04%). There's also some housing in Milton built between 2000 and later ( 7.43%).

Milton Home Appreciation Rates

In the last 10 years, Milton has experienced some of the highest home appreciation rates of any community in the nation. Milton real estate appreciated 24.35% over the last ten years, which is an average annual home appreciation rate of 2.20%, putting Milton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Milton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 7.32%, which is higher than appreciation rates in 83.16% 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 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Milton's latest annual appreciation rate is higher than 90% 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:
$684,107

Milton, MA HOME PRICES

Value Range
> $1,229,000 8.1
$922,001 - $1,229,000 11.6
$614,001 - $922,000 31.2
$492,001 - $614,000 28.0
$369,001 - $492,000 14.3
$246,001 - $369,000 4.5
$123,001 - $246,000 0.6
$61,001 - $123,000 0.6
$0 - $61,000 1.1

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
2.81260986757295 8.97435897435897

Number Of Homes And Apartments:
9,049

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
80.28% 3.48% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,800 / per month

Homeownership Rate

Homeownership
Owners 73.31
Renters 26.69
Vacant 2.72

Housing Market Details

 

Age of Homes

AGE OF Milton HOMES
2000 or Newer 7.4
1970 - 1999 16.0
1940 - 1969 29.7
1939 or Older 46.9

Types of Homes

TYPE OF Milton HOMES
Single-Family 73.4
Townhomes 3.4
Small Apt. Buildings 12.4
Apt. Complexes 10.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Milton HOMES
No Bedroom 0.71
1 Bedroom 8.28
2 Bedrooms 16.32
3 Bedrooms 41.84
4 Bedrooms 24.72
5 or more bedrooms 8.14