Milton, Georgia Housing Market Prices
Milton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 111% above the Georgia median$542,588
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Median rent 48% above the Georgia median$2,065
Housing Market Overview
| Metric | Milton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $542,588 | $256,986 | $248,835 |
| Price Trend (Annual %) | 16.0% | 8.9% | 7.5% |
| Median Gross Rent | $2,065 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Milton is about 111% higher than in Georgia. Rent is about 48% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Milton, up about 16.0% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Milton rose about 69.1% between 2015 and 2024, from $1,221 to $2,065. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Milton.
Buying the median-priced home in Milton costs roughly 21.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Milton. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Milton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $542,588 | $256,986 | $248,835 |
| Median Household Income | $185,325 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Milton rose about 128.1%, while median household income rose about 60.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Milton | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.5% | 58.9% | 58.5% |
| Rental Rate | 23.5% | 30.8% | 31.2% |
| Vacancy Rate | 2.0% | 10.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Milton has a homeownership rate of 74.5%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 2.0%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Milton | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 2002 | 1990 | 1978 |
| Median Number of Rooms | 8.2 | 5.9 | 5.5 |
The typical housing unit in Milton was built around 2002. On average, 2.8 people live in a home with about 8.2 rooms, staying for about 12.0 years on average.
Milton, GA Housing Compared With Nearby Cities
Milton, GA is the smallest of the 4 cities compared here, 44,324 residents against a local median of 81,338. Milton, GA's median home price, at $542,588, runs 27% above the $427,192 typical of the cities around it.
The cities themselves spread $144,465 on median home price, so Milton, GA sits at one end of an already wide local range rather than apart from it. Milton, GA has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Milton, GA | 44,324 | $542,588 #1/4 | $2,065 #2/4 | 76.0% #2/4 |
| Alpharetta, GA | 64,246 | $353,595 | $1,933 | 63.7% |
| Roswell, GA | 93,449 | $427,192 | $1,826 | 71.1% |
| Johns Creek, GA | 81,338 | $498,060 | $2,255 | 80.7% |
Frequently Asked Questions
Common questions about the housing market in Milton, Georgia.
What is the median home price in Milton, Georgia?
The median home price in Milton, Georgia is $542,588, higher than the Georgia average of $256,986.
What is the average home price in Milton, Georgia?
The typical home price in Milton, Georgia, reported as the median sale price, is $542,588. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Milton, Georgia?
The median gross rent in Milton, Georgia is $2,065 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Milton in 2020?
In 2020, the median gross rent in Milton, Georgia was $1,411 per month.
What is the price-to-rent ratio in Milton, Georgia?
The price-to-rent ratio in Milton, Georgia is about 21.9, meaning it would take roughly 21.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Milton.
Are home prices or rent rising faster in Milton, Georgia?
Both home prices and rent are rising in Milton, up about 16.0% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Milton, Georgia?
74.5% of households in Milton, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Milton, Georgia?
The housing vacancy rate in Milton, Georgia is 2.0%, lower than the Georgia average of 10.3%.
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