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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,689 people, 4,014 houses or apartments, and a median cost of homes of $418,953, 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 69.31% of the town's housing units. Other types of housing that are prevalent in Milton include mobile homes or trailers ( 10.61%), duplexes, homes converted to apartments or other small apartment buildings ( 9.14%), and a few large apartment complexes or high rise apartments ( 8.31%).
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 83.81% of Milton's homes, and 67.46% 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 ( 17.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.11%). There's also some housing in Milton built before 1939 ( 9.52%).
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 5.97% 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 3.79%, 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 6.48%, which equates to an annual appreciation rate of 28.55%.
Importantly, this makes Milton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Vermont, our data show that Milton's latest annual appreciation rate is lower than 90% of the other cities and towns in Vermont.
$418,953
for Vermont
for nation
4,014
$2,265 / per month