Milton, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Milton Neighborhoods Since 2000




Milton, PA 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 6,928, 3,029 total housing units (homes and apartments), and a median house value of $110,855, 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 52.99% of the borough's housing units. Other types of housing that are prevalent in Milton include row houses and other attached homes ( 16.10%), large apartment complexes or high rise apartments ( 15.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.79%).

The most prevalent building size and type in Milton are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 55.21% owning and 44.79% renting.

The housing in Milton was primarily built before 1939 ( 43.38%), 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 ( 26.49%), followed by between 1970-1999 ( 22.04%). There's also some housing in Milton built between 2000 and later ( 8.08%).

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 8.18%, which ranks in the top 40% nationwide. This equates to an annual average Milton house appreciation rate of 0.79%.

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 -2.76%, 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 -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, Milton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Milton's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$110,855

Milton, PA HOME PRICES

Value Range
> $981,000 0.0
$735,001 - $981,000 0.0
$490,001 - $735,000 0.0
$392,001 - $490,000 0.0
$294,001 - $392,000 1.2
$196,001 - $294,000 16.3
$98,001 - $196,000 35.7
$49,001 - $98,000 44.1
$0 - $49,000 2.8

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
70.8308918317122 68.5024154589372

Number Of Homes And Apartments:
3,029

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
43.78% 2.13% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$875 / per month

Homeownership Rate

Homeownership
Owners 55.21
Renters 44.79
Vacant 7.65

Housing Market Details

 

Age of Homes

AGE OF Milton HOMES
2000 or Newer 8.1
1970 - 1999 22.0
1940 - 1969 26.5
1939 or Older 43.4

Types of Homes

TYPE OF Milton HOMES
Single-Family 53.0
Townhomes 16.1
Small Apt. Buildings 14.8
Apt. Complexes 15.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Milton HOMES
No Bedroom 6.62
1 Bedroom 10.55
2 Bedrooms 21.59
3 Bedrooms 44.02
4 Bedrooms 12.20
5 or more bedrooms 5.03