Milton, WI—53563
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milton, WI
As of Oct '25, the median home price in Milton, WI is $362,000, with a year-over-year change of 5.2%. This indicates that home prices in Milton, WI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 5.2% |
| Single Family | $370,000 | 5.4% |
| Condos | $285,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 5.3% |
3 Bed | $330,000 | 5.4% |
4 Bed | $393,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milton, WI
As of July '25, Rentcast reports the average rent in Milton, WI is $1,600, with a year-over-year rent change of 80.2%. Per bedroom, the median rent as of July '25 in Milton, WI is 1-bedrooms: $1,320, 2-bedrooms: $1,640, 3-bedrooms: $1,800, 4-bedrooms: $2,000. The most common rental property sizes in Milton, WI are 2-bedroom and 3-bedroom, accounting for 54.8% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,320 |
| 2 Bed Rent | $1,500 | $1,640 |
| 3 Bed Rent | $2,000 | $1,800 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Milton, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Milton, WI is 43. This is a increase of 13.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | 17.0% |
Listing Count | 65 | 43.0% |
| Listings as % of Homes | 0.5% | 43.0% |
Days on Market | 43 | 13.0% |
Demographics — Milton, WI
As of the latest ACS Survey released in 2023, Milton, WI has a population of 11,500, which has increased by 2.3% over the past 5 years. Milton, WI is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 2.3% |
% Under 18 | 23.8% | -6.7% |
% Seniors | 17.5% | 10.1% |
% WFH | 6.9% | 21.1% |
% w/ College Degree | 31.3% | 10.2% |
As of the latest ACS Survey released in 2023, Milton, WI is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Milton, WI is hispanic, making up 3.7% of the population. Foreign-born residents account for 2.4% of the population in Milton, WI, and this percentage has increased by 26.3% 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 | 92.6% | -2.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.7% | 60.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.4% | 26.3% |
Mortgage and Risk — Milton, WI
According to HUD data as of 2023, there were 212 mortgage originations in Milton, WI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Milton, WI. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 212 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Milton, WI
As of 2024, the percent of homes in Milton, WI under the Section 8 program is 25.3%. 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. In Milton, WI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 151 |
Total Units Section 8 | 151 |
% Rentals under Section 8 | 25.3% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $995 | $890 |
| 2 Bedroom | -$330 | $1,500 | $1,170 |
| 3 Bedroom | -$470 | $2,000 | $1,530 |
| 4 Bedroom | -$450 | $2,000 | $1,550 |
Affordability — Milton, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $362,000 |
| Median Household Income | $89,400 |