Milton, MA Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Milton, MA Housing Market Trends

With 27,593 people, 8,875 houses or apartments, and a median cost of homes of $790,695, 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 73.52% 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 ( 13.15%), large apartment complexes or high rise apartments ( 9.71%), and a few row houses and other attached homes ( 3.62%).

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 78.67% of Milton's homes, and 67.35% have either three or four bedrooms, which is average sized relative to America.

The housing in Milton was primarily built before 1939 ( 47.48%), 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 ( 31.82%), followed by between 1970-1999 ( 14.71%). There's also some housing in Milton built between 2000 and later ( 6.00%).

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 62.61% over the last ten years, which is an average annual home appreciation rate of 4.98%, 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.

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 5.33%, 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 1.50%, which equates to an annual appreciation rate of 6.13%.

Relative to Massachusetts, our data show that Milton's latest annual appreciation rate is lower than 70% 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:
$790,695

Milton, MA HOME PRICES

> $1,182,000
12.5%
12.5%
$887,001 - $1,182,000
17.8%
17.8%
$591,001 - $887,000
40.1%
40.1%
$473,001 - $591,000
17.9%
17.9%
$354,001 - $473,000
7.2%
7.2%
$236,001 - $354,000
1.9%
1.9%
$118,001 - $236,000
1.5%
1.5%
$59,001 - $118,000
0.4%
0.4%
$0 - $59,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
8,875

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
121.53% 3.81%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,874 / per month

Homeownership Rate

Owners
78.7%
78.7%
Renters
21.3%
21.3%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.0%
6.0%
1970 - 1999
14.7%
14.7%
1940 - 1969
31.8%
31.8%
1939 or Older
47.5%
47.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.5%
73.5%
Townhomes
3.6%
3.6%
Small Apt. Buildings
13.1%
13.1%
Apt. Complexes
9.7%
9.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
7.8%
7.8%
2 Bedrooms
15.5%
15.5%
3 Bedrooms
37.1%
37.1%
4 Bedrooms
30.2%
30.2%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES