Milton, DE—19968
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milton, DE
As of Oct '25, the median home price in Milton, DE is $483,000, with a year-over-year change of 1.3%. This indicates that home prices in Milton, DE are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $483,000 | 1.3% |
| Single Family | $486,000 | 0.8% |
| Condos | $377,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $368,000 | 1.1% |
3 Bed | $474,000 | 1.7% |
4 Bed | $584,000 | 0.2% |
| 5 Bed | $671,000 | 0.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Milton, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Milton, DE is 73. This is a decrease of -9.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $585,000 | 4.0% |
Listing Count | 199 | 19.0% |
| Listings as % of Homes | 1.0% | 19.0% |
Days on Market | 73 | -9.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Milton, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $483,000 |
| Median Household Income | $81,600 |