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 a population of 28,364, 9,139 total housing units (homes and apartments), and a median house value of $1,131,153, 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 72.69% 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 ( 15.34%), large apartment complexes or high rise apartments ( 7.83%), and a few row houses and other attached homes ( 4.14%).
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 79.49% of Milton's homes, and 64.91% have either three or four bedrooms, which is average sized relative to America.
The housing in Milton was primarily built before 1939 ( 46.52%), 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 ( 30.57%), followed by between 1970-1999 ( 14.97%). There's also some housing in Milton built between 2000 and later ( 7.94%).
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 88.76%, which ranks in the top 50% nationwide. This equates to an annual average Milton house appreciation rate of 6.56%.
NeighborhoodScout's data show that during the latest twelve months, Milton's appreciation rate, at 9.80%, has been at or slightly above the national average. In the latest quarter, Milton's appreciation rate has been 2.34%, which annualizes to a rate of 9.69%.
Relative to Massachusetts, our data show that Milton's latest annual appreciation rate is lower than 50% 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.
$1,131,153
for Massachusetts
for nation
9,139
$3,434 / per month