Milton, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Milton, VT 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 10,827, 4,102 total housing units (homes and apartments), and a median house value of $212,518, Milton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Milton, accounting for 66.85% of the town's housing units. Other types of housing that are prevalent in Milton include mobile homes or trailers ( 12.50%), duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), and a few large apartment complexes or high rise apartments ( 5.82%).

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 85.35% of Milton's homes, and 69.37% have either three or four bedrooms, which is average sized relative to America.

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 ( 21.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.43%). There's also some housing in Milton built before 1939 ( 8.73%).

Milton Home Appreciation Rates

Real estate appreciation rates in Milton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

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 1.84%, 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 0.43%, which equates to an annual appreciation rate of 1.73%.

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

Average Home Values

 

Median Home Value:
$212,518

Milton, VT HOME PRICES

Value Range
> $1,051,000 0.2
$788,001 - $1,051,000 0.5
$526,001 - $788,000 2.0
$420,001 - $526,000 1.5
$315,001 - $420,000 10.9
$210,001 - $315,000 47.4
$105,001 - $210,000 22.9
$52,001 - $105,000 2.8
$0 - $52,000 11.8

Average for VT
High for Nation

Value Relative to Nation Value Relative to State
29.2980194538849 56.2043795620438

Number Of Homes And Apartments:
4,102

Milton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
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
59.55% 2.75% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,446 / per month

Homeownership Rate

Homeownership
Owners 85.35
Renters 14.65
Vacant 5.24

Housing Market Details

 

Age of Homes

AGE OF Milton HOMES
2000 or Newer 21.4
1970 - 1999 57.5
1940 - 1969 12.4
1939 or Older 8.7

Types of Homes

TYPE OF Milton HOMES
Single-Family 66.9
Townhomes 4.7
Small Apt. Buildings 9.5
Apt. Complexes 5.8
Mobile Homes 12.5
Other 0.6

Home Size

SIZE OF Milton HOMES
No Bedroom 0.35
1 Bedroom 6.31
2 Bedrooms 20.72
3 Bedrooms 58.26
4 Bedrooms 11.11
5 or more bedrooms 3.26