Milton, FL—32583
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 $284,000, with a year-over-year change of -2.5%. This indicates that home prices in Milton, FL are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | -2.5% |
| Single Family | $284,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $132,000 | -2.9% |
2 Bed | $163,000 | -3.6% |
3 Bed | $265,000 | -1.9% |
4 Bed | $355,000 | -0.6% |
| 5 Bed | $405,000 | -0.2% |
% of Housing Stock
Rental Trends — Milton, FL
As of July '25, Rentcast reports the average rent in Milton, FL is $2,090, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Milton, FL is 1-bedrooms: $1,950, 2-bedrooms: $1,280, 3-bedrooms: $1,970, 4-bedrooms: $2,250. The most common rental property sizes in Milton, FL are 3-bedroom and 2-bedroom, accounting for 60.5% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,950 | $1,950 |
| 2 Bed Rent | $1,300 | $1,280 |
| 3 Bed Rent | $1,900 | $1,970 |
| 4 Bed Rent | $2,200 | $2,250 |
% 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 69. This is a increase of 9.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | -4.0% |
Listing Count | 342 | 8.0% |
| Listings as % of Homes | 1.5% | 8.0% |
Days on Market | 69 | 9.0% |
Demographics — Milton, FL
As of the latest ACS Survey released in 2023, Milton, FL has a population of 31,400, which has increased by 9.9% over the past 5 years. Milton, FL is a moderately popular place for families, as children make up 16.6% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 9.9% |
% Under 18 | 16.6% | -5.7% |
% Seniors | 14.7% | 1.4% |
% WFH | 12.9% | 344.8% |
% w/ College Degree | 22.4% | 24.4% |
As of the latest ACS Survey released in 2023, Milton, FL is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Milton, FL is black, making up 11.2% of the population. Foreign-born residents account for 2.9% of the population in Milton, FL, and this percentage has decreased by 38.3% 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 | 74.3% | -3.4% |
% Black | 11.2% | -2.6% |
% Hispanic | 6.3% | 1.6% |
% Asian | 1.3% | 18.2% |
% Foreign Born | 2.9% | -38.3% |
Mortgage and Risk — Milton, FL
According to HUD data as of 2023, there were 885 mortgage originations in Milton, FL, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Milton, FL. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 885 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Milton, FL
As of 2024, the percent of homes in Milton, FL under the Section 8 program is 2.2%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Milton, FL, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$590 | $1,950 | $1,360 |
| 2 Bedroom | $310 | $1,300 | $1,610 |
| 3 Bedroom | $250 | $1,900 | $2,150 |
| 4 Bedroom | $450 | $2,200 | $2,650 |
Affordability — Milton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $284,000 |
| Median Household Income | $85,000 |