menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Milton, DE Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Milton, DE Housing Market Trends

With a population of 3,575, 1,424 total housing units (homes and apartments), and a median house value of $488,760, Milton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Milton, accounting for 68.50% of the town's housing units. Other types of housing that are prevalent in Milton include row houses and other attached homes ( 18.59%), duplexes, homes converted to apartments or other small apartment buildings ( 7.55%), and a few large apartment complexes or high rise apartments ( 5.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Milton. Owner-occupied housing accounts for 74.57% of Milton's homes, and 74.05% have either three or four bedrooms, which is average sized relative to America.

Milton homes and real estate are some of the newest in America. 48.66% of Milton's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Milton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.33%), and before 1939 ( 20.15%). There's also some housing in Milton built between 1940-1969 ( 7.86%).

Vacant housing appears to be an issue in Milton. Fully 11.17% of the housing stock is classified as vacant. Left unchecked, vacant Milton homes and apartments can be a drag on the real estate market, holding Milton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Milton Home Appreciation Rates

Appreciation rates for homes in Milton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.22%, which ranks in the top 30% nationwide. This equates to an annual average Milton house appreciation rate of 7.30%.

Appreciation rates are so strong in Milton that despite a nationwide downturn in the housing market, Milton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Milton appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 92.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Milton. Milton appreciation rates in the latest quarter were at 6.79%, which equates to an annual appreciation rate of 30.04%.

Importantly, this makes Milton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Delaware, our data show that Milton's latest annual appreciation rate is higher than 70% of the other cities and towns in Delaware.

Average Home Values

Median Home Value

$488,760

Milton, DE Home Prices
> $1,442,000
$1,082,001 - $1,442,000
$721,001 - $1,082,000
$577,001 - $721,000
$433,001 - $577,000
$288,001 - $433,000
$144,001 - $288,000
$73,001 - $144,000
$0 - $73,000
0.7%
0.7%
1.7%
1.7%
12.7%
12.7%
24.7%
24.7%
24.2%
24.2%
22.9%
22.9%
9.8%
9.8%
0.4%
0.4%
2.9%
2.9%
0% 100.0%
% of Homes
High

for Delaware

Very High

for nation

Number of Homes And Apartments:

1,424

Milton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,493 / per month

Homeownership Rate

Owners
Renters
74.6%
74.6%
25.4%
25.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.2%
11.2%
88.8%
88.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
48.7%
48.7%
23.3%
23.3%
7.9%
7.9%
20.1%
20.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.5%
68.5%
18.6%
18.6%
7.5%
7.5%
5.4%
5.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
7.0%
7.0%
14.1%
14.1%
58.0%
58.0%
16.1%
16.1%
4.8%
4.8%
0% 100.0%
% of Homes