Milton, DE 19968 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Milton, DE—19968

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$486,000

0.1% YoY Growth

Household Income

$81,600

26.7% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

-0.7%

Median Rent

$2,400

11.8% YoY Growth

1-Bed Rent

$1,000

28.7% YoY Growth

2-Bed Rent

$2,500

43.7% YoY Growth

3-Bed Rent

$2,400

6.6% YoY Growth

Home Price Trends — Milton, DE

As of May '26, the median home price in Milton, DE is $486,000, with a year-over-year change of 0.1%. This indicates that home prices in Milton, DE are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$486,000	0.1%
Single Family	$490,000	0.0%
Condos	$387,000	-6.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Milton, DE

As of July '25, Rentcast reports the average rent in Milton, DE is $2,370, with a year-over-year rent change of 11.8%. Per bedroom, the median rent as of July '25 in Milton, DE is 1-bedrooms: $1,070, 2-bedrooms: $2,500, 3-bedrooms: $2,440, 4-bedrooms: $2,720. The most common rental property sizes in Milton, DE are 2-bedroom and 1-bedroom, accounting for 33.4% and 28.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,400	$2,370
Studio Rent	N/A	N/A
1 Bed Rent	$1,000	$1,070
2 Bed Rent	$2,500	$2,500
3 Bed Rent	$2,400	$2,440
4 Bed Rent	$2,800	$2,720

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% of Rental Stock

1 Bedroom

28.0%

2 Bedrooms

33.4%

3 Bedrooms

27.5%

4 Bedrooms

4.2%

5+ Bedrooms

6.9%

Property Listings — Milton, DE

As of May '26, Realtor.com reports that the median days on market for a home in Milton, DE is 65. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter 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	$585,000	6.0%
Listing Count	220	14.0%
Listings as % of Homes	1.0%	14.0%
Days on Market	65	-3.0%

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Demographics — Milton, DE

As of the latest ACS Survey released in 2023, Milton, DE has a population of 14,800, which has increased by 31.3% over the past 5 years. Milton, DE is a moderately popular place for families, as children make up 17.1% of the population. The area has a moderately educated workforce, with 40.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,800	31.3%
% Under 18	17.1%	-11.4%
% Seniors	33.3%	36.5%
% WFH	11.6%	61.1%
% w/ College Degree	40.5%	19.8%

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As of the latest ACS Survey released in 2023, Milton, DE is a predominantly white area, with 84.6% of the population identifying as white. The white population has grown by 3.2% in the last 5 years. The second most common race or ethnicity in Milton, DE is black, making up 6.5% of the population. Foreign-born residents account for 4.9% of the population in Milton, DE, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	84.6%	3.2%
% Black	6.5%	-27.8%
% Hispanic	4.4%	-8.3%
% Asian	2.3%	91.7%
% Foreign Born	4.9%	40.0%

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Mortgage and Risk — Milton, DE

According to HUD data as of 2023, there were 426 mortgage originations in Milton, DE, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Milton, DE. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	426
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	6.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Milton, DE

As of 2024, the percent of homes in Milton, DE under the Section 8 program is 16.5%. 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, DE, 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	100
Total Units Section 8	98
% Rentals under Section 8	16.5%
% Occupied Section 8	75.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$140	$1,000	$1,140
2 Bedroom	-$1,000	$2,500	$1,500
3 Bedroom	-$510	$2,400	$1,890
4 Bedroom	-$440	$2,800	$2,360

Milton, DE—19968

Key Metrics at a Glance

Home Price Trends — Milton, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milton, DE

% of Rental Stock

Property Listings — Milton, DE

Demographics — Milton, DE

Race and Ethnicity

Mortgage and Risk — Milton, DE

Mortgages

Rentals and Section 8 — Milton, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Milton, DE

Home Price to Income Ratio

Milton, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Harbeson, DE

Lewes, DE

Ellendale, DE

Lincoln, DE

Georgetown, DE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.7
Median Home Price	$486,000
Median Household Income	$81,600

Milton, DE—19968

Key Metrics at a Glance

Home Price Trends — Milton, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milton, DE

% of Rental Stock

Property Listings — Milton, DE

Demographics — Milton, DE

Race and Ethnicity

Mortgage and Risk — Milton, DE

Mortgages

Rentals and Section 8 — Milton, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Milton, DE

Home Price to Income Ratio

Milton, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Harbeson, DE

Lewes, DE

Ellendale, DE

Lincoln, DE

Georgetown, DE

Frequently Asked Questions

What is the average home price in Milton, DE 19968?

How have home prices in Milton, DE 19968 changed over the past year?

What is the home price projection for Milton, DE 19968?

What are the demographics of Milton, DE 19968?

How long does it take homes to sell in Milton, DE 19968?

What is the average rent price in Milton, DE 19968?