Milton, Massachusetts 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 85% below the Massachusetts median$75,000
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Median rent 16% below the Massachusetts median$1,474
Housing Market Overview
| Metric | Milton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,000 | $494,523 | $248,835 |
| Price Trend (Annual %) | -9.7% | 6.6% | 7.5% |
| Median Gross Rent | $1,474 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 1.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Milton is about 85% lower than in Massachusetts. Rent is about 16% lower than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Milton: home prices fell about 9.7% a year while rent rose about 1.4% a year. That is an unusual pattern worth watching.
Median rent in Milton rose about 13.2% between 2015 and 2024, from $1,303 to $1,474. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Milton.
Buying the median-priced home in Milton costs roughly 4.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Milton. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Milton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,000 | $494,523 | $248,835 |
| Median Household Income | $183,505 | $104,336 | $80,455 |
| Price-to-Income Ratio | 0.4 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Milton fell about 91.4%, while median household income rose about 80.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Milton | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.9% | 57.5% | 58.5% |
| Rental Rate | 14.5% | 34.4% | 31.2% |
| Vacancy Rate | 2.6% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Milton has a homeownership rate of 82.9%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 2.6%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Milton | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.96 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1954 | 1963 | 1978 |
| Median Number of Rooms | 7.2 | 5.5 | 5.5 |
The typical housing unit in Milton was built around 1954. On average, 3.0 people live in a home with about 7.2 rooms, staying for about 17.0 years on average.
Milton, MA Housing Compared With Nearby Cities
Milton, MA is the smallest of the 4 cities compared here, 28,602 residents against a local median of 63,198. The measure that sets Milton, MA apart most is median home price: $75,000, 94% below the local median of $1,239,921.
Homeownership tells the same story from another angle: 85.1% against a local median of 46.8%, 82% above it. The one measure here that carries a verdict is homeownership, and at 82% above the local median it puts Milton, MA at the better end of the local range. The cities themselves spread $905,734 on median home price, so Milton, MA sits at one end of an already wide local range rather than apart from it. Milton, MA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Milton, MA | 28,602 | $75,000 #4/4 | $1,474 #4/4 | 85.1% #1/4 |
| Quincy, MA | 102,031 | $1,518,234 | $2,118 | 45.3% |
| Braintree Town, MA | 38,939 | $612,500 | $2,024 | 77.4% |
| Brookline, MA | 63,198 | $1,239,921 | $2,834 | 46.8% |
Frequently Asked Questions
Common questions about the housing market in Milton, Massachusetts.
What is the median home price in Milton, Massachusetts?
The median home price in Milton, Massachusetts is $75,000, lower than the Massachusetts average of $494,523.
What is the average home price in Milton, Massachusetts?
The typical home price in Milton, Massachusetts, reported as the median sale price, is $75,000. 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, Massachusetts?
The median gross rent in Milton, Massachusetts is $1,474 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Milton in 2020?
In 2020, the median gross rent in Milton, Massachusetts was $1,241 per month.
What is the price-to-rent ratio in Milton, Massachusetts?
The price-to-rent ratio in Milton, Massachusetts is about 4.2, meaning it would take roughly 4.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Milton.
Are home prices or rent rising faster in Milton, Massachusetts?
Home prices and rent are moving in opposite directions in Milton: home prices fell about 9.7% a year while rent rose about 1.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Milton, Massachusetts?
82.9% of households in Milton, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Milton, Massachusetts?
The housing vacancy rate in Milton, Massachusetts is 2.6%, lower than the Massachusetts average of 8.1%.
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