Milton, FL—32570
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Milton, FL
Home Price Trends — Milton, FL
As of Oct '25, the median home price in Milton, FL is $267,000, with a year-over-year change of -2.2%. This indicates that home prices in Milton, FL are decreasing. 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 | $267,000 | -2.2% |
| Single Family | $268,000 | -1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | -6.4% |
2 Bed | $159,000 | -5.4% |
3 Bed | $247,000 | -2.0% |
4 Bed | $355,000 | -0.6% |
| 5 Bed | $453,000 | 2.0% |
% of Housing Stock
Rental Trends — Milton, FL
As of July '25, Rentcast reports the average rent in Milton, FL is $1,670, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Milton, FL is 1-bedrooms: $1,040, 2-bedrooms: $1,280, 3-bedrooms: $1,700, 4-bedrooms: $2,120. The most common rental property sizes in Milton, FL are 3-bedroom and 2-bedroom, accounting for 38.2% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,040 |
| 2 Bed Rent | $1,220 | $1,280 |
| 3 Bed Rent | $1,680 | $1,700 |
| 4 Bed Rent | $2,100 | $2,120 |
% of Rental Stock
Property Listings — Milton, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Milton, FL is 62. This is a decrease of -5.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | -9.0% |
Listing Count | 210 | -17.0% |
| Listings as % of Homes | 0.8% | -17.0% |
Days on Market | 62 | -5.0% |
Demographics — Milton, FL
As of the latest ACS Survey released in 2023, Milton, FL has a population of 35,800, which has increased by 16.2% over the past 5 years. Milton, FL is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,800 | 16.2% |
% Under 18 | 18.8% | -12.1% |
% Seniors | 16.2% | -12.9% |
% WFH | 7.5% | 36.4% |
% w/ College Degree | 23.3% | 14.8% |
As of the latest ACS Survey released in 2023, Milton, FL is a predominantly white area, with 79.7% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Milton, FL is black, making up 5.8% of the population. Foreign-born residents account for 4.2% of the population in Milton, FL, and this percentage has increased by 10.5% 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 | 79.7% | -0.1% |
% Black | 5.8% | -26.6% |
% Hispanic | 5.7% | 21.3% |
% Asian | 1.8% | -5.3% |
% Foreign Born | 4.2% | 10.5% |
Mortgage and Risk — Milton, FL
According to HUD data as of 2023, there were 787 mortgage originations in Milton, FL, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Milton, FL. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 787 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Milton, FL
As of 2024, the percent of homes in Milton, FL under the Section 8 program is 4.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Milton, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 237 |
Total Units Section 8 | 199 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,000 | $1,390 |
| 2 Bedroom | $420 | $1,220 | $1,640 |
| 3 Bedroom | $510 | $1,680 | $2,190 |
| 4 Bedroom | $600 | $2,100 | $2,700 |
Affordability — Milton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $267,000 |
| Median Household Income | $73,600 |