Milton, MA—02186
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milton, MA
As of Oct '25, the median home price in Milton, MA is $1,042,000, with a year-over-year change of -0.5%. This indicates that home prices in Milton, MA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,042,000 | -0.5% |
| Single Family | $1,054,000 | -0.4% |
| Condos | $779,000 | -0.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $763,000 | -1.3% |
3 Bed | $949,000 | -0.7% |
4 Bed | $1,183,000 | 0.2% |
| 5 Bed | $1,728,000 | 2.2% |
% of Housing Stock
Rental Trends — Milton, MA
As of July '25, Rentcast reports the average rent in Milton, MA is $3,700, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Milton, MA is studios: $1,500, 1-bedrooms: $2,070, 2-bedrooms: $3,070, 3-bedrooms: $3,910, 4-bedrooms: $4,680. The most common rental property sizes in Milton, MA are 2-bedroom and 1-bedroom, accounting for 36.9% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,700 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $2,000 | $2,070 |
| 2 Bed Rent | $2,950 | $3,070 |
| 3 Bed Rent | $3,800 | $3,910 |
| 4 Bed Rent | $4,600 | $4,680 |
% of Rental Stock
Property Listings — Milton, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Milton, MA is 46. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $897,000 | -9.0% |
Listing Count | 60 | 60.0% |
| Listings as % of Homes | 0.3% | 60.0% |
Days on Market | 46 | 44.0% |
Demographics — Milton, MA
As of the latest ACS Survey released in 2023, Milton, MA has a population of 28,700, which has increased by 4.2% over the past 5 years. Milton, MA is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 70.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | 4.2% |
% Under 18 | 25.8% | 4.0% |
% Seniors | 15.8% | -1.2% |
% WFH | 25.6% | 365.5% |
% w/ College Degree | 70.3% | 15.2% |
As of the latest ACS Survey released in 2023, Milton, MA is a predominantly white area, with 71.5% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Milton, MA is black, making up 14.4% of the population. Foreign-born residents account for 14.2% of the population in Milton, MA, and this percentage has decreased by 2.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.5% | -1.2% |
% Black | 14.4% | -4.0% |
% Hispanic | 3.4% | 6.2% |
% Asian | 6.2% | -4.6% |
% Foreign Born | 14.2% | -2.7% |
Mortgage and Risk — Milton, MA
According to HUD data as of 2023, there were 462 mortgage originations in Milton, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Milton, MA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 462 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Milton, MA
As of 2024, the percent of homes in Milton, MA under the Section 8 program is 26.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Milton, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 390 |
Total Units Section 8 | 384 |
% Rentals under Section 8 | 26.9% |
% Occupied Section 8 | 96.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $2,000 | $2,140 |
| 2 Bedroom | -$400 | $2,950 | $2,550 |
| 3 Bedroom | -$720 | $3,800 | $3,080 |
| 4 Bedroom | -$1,210 | $4,600 | $3,390 |
Affordability — Milton, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $1,042,000 |
| Median Household Income | $177,000 |