Milton, WA—98354
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milton, WA
As of Oct '25, the median home price in Milton, WA is $558,000, with a year-over-year change of -1.0%. This indicates that home prices in Milton, WA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $558,000 | -1.0% |
| Single Family | $564,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $400,000 | -1.7% |
3 Bed | $555,000 | -0.9% |
4 Bed | $652,000 | -1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milton, WA
As of July '25, Rentcast reports the average rent in Milton, WA is $2,400, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Milton, WA is 1-bedrooms: $1,730, 2-bedrooms: $2,000, 3-bedrooms: $3,030. The most common rental property sizes in Milton, WA are 2-bedroom and 3-bedroom, accounting for 54.8% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,730 | $1,730 |
| 2 Bed Rent | $1,960 | $2,000 |
| 3 Bed Rent | $2,500 | $3,030 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Milton, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Milton, WA is 41. This is a decrease of -24.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $565,000 | -13.0% |
Listing Count | 11 | -48.0% |
| Listings as % of Homes | 0.4% | -48.0% |
Days on Market | 41 | -24.0% |
Demographics — Milton, WA
As of the latest ACS Survey released in 2023, Milton, WA has a population of 8,430, which has increased by 19.0% over the past 5 years. Milton, WA is a popular place for families, as children make up 26.0% 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 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,430 | 19.0% |
% Under 18 | 26.0% | 29.4% |
% Seniors | 14.7% | -2.6% |
% WFH | 8.3% | 48.2% |
% w/ College Degree | 23.3% | 8.9% |
As of the latest ACS Survey released in 2023, Milton, WA is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 18.5% in the last 5 years. The second most common race or ethnicity in Milton, WA is hispanic, making up 14.1% of the population. Foreign-born residents account for 12.9% of the population in Milton, WA, and this percentage has increased by 193.2% 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 | 68.4% | -18.5% |
% Black | 2.6% | 18.2% |
% Hispanic | 14.1% | 80.8% |
% Asian | 6.6% | 247.4% |
% Foreign Born | 12.9% | 193.2% |
Mortgage and Risk — Milton, WA
According to HUD data as of 2023, there were 112 mortgage originations in Milton, WA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Milton, WA. 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 | 112 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Milton, WA
Milton, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,730 | $2,050 |
| 2 Bedroom | $430 | $1,960 | $2,390 |
| 3 Bedroom | $670 | $2,500 | $3,170 |
| 4 Bedroom | N/A | N/A | $3,680 |
Affordability — Milton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $558,000 |
| Median Household Income | $90,400 |