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Milton, KY—40045

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$209,000
3.6% YoY Growth
Household Income
$72,200
59.0% YoY Growth
Days on Market
84
13.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$1,490
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,490
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Milton, KY

Milton, KY lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$209,0003.6%
Single Family $209,0003.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		$212,0001.4%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    2.4%
    2 Bedrooms
    22.1%
    3 Bedrooms
    61.5%
    4 Bedrooms
    12.1%
    5+ Bedrooms
    1.8%

    Rental Trends — Milton, KY

    Milton, KY lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,490$1,730
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,490$1,730
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    7.6%
    2 Bedrooms
    40.4%
    3 Bedrooms
    39.1%
    4 Bedrooms
    12.0%
    5+ Bedrooms
    0.9%

    Property Listings — Milton, KY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Milton, KY is 73. This is a decrease of -50.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$293,000-57.0%
    Listing Count
    		1354.0%
    Listings as % of Homes0.4%54.0%
    Days on Market
    		84-13.0%
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    Demographics — Milton, KY

    As of the latest ACS Survey released in 2023, Milton, KY has a population of 3,120, which has decreased by -6.7% over the past 5 years. Milton, KY is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,120-6.7%
    % Under 18
    		22.5%3.2%
    % Seniors
    		20.4%9.7%
    % WFH
    		5.1%121.7%
    % w/ College Degree
    		14.4%10.8%
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    As of the latest ACS Survey released in 2023, Milton, KY is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Milton, KY is hispanic, making up 5.4% of the population. Foreign-born residents account for 0.9% of the population in Milton, KY, and this percentage has increased by 125.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		91.6%-2.9%
    % Black
    		0.0%N/A
    % Hispanic
    		5.4%800.0%
    % Asian
    		0.1%-50.0%
    % Foreign Born
    		0.9%125.0%
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    Mortgage and Risk — Milton, KY

    According to HUD data as of 2023, there were 86 mortgage originations in Milton, KY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Milton, KY. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		86
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Milton, KY

    Milton, KY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$720
    2 BedroomN/AN/A$870
    3 Bedroom-$350$1,490$1,140
    4 BedroomN/AN/A$1,200

    Affordability — Milton, KY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$209,000
    Median Household Income$72,200

    Milton, KY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Bedford, KY

    40006

    Madison, IN

    47250

    Hanover, IN

    47243

    New Washington, IN

    47162

    Pendleton, KY

    40055

    Frequently Asked Questions