The typical owner-occupied home in Milton is worth about $308,800, 24% above the North Dakota median of $249,900 and 7% below the national median of $332,700. Owners pay a median $3,118 a year in property taxes, about 1.01% of their home's value, close to the North Dakota rate of 0.99%. The median household earns $43,819 a year, so the median home costs 7.0 times the median income (3.3 times for North Dakota). 100% of occupied homes here are lived in by their owners, and 3% of those owners still have a mortgage.
Milton at a glance
| Milton | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $308,800 | $249,900 | $332,700 |
| Median property tax paid per year | $3,118 | $2,468 | $3,119 |
| Property tax as a share of value | 1.01% | 0.99% | 0.94% |
| Median household income | $43,819 | $76,657 | $80,734 |
| Homes lived in by their owners | 100% | 63% | 65% |
| Owner homes with a mortgage | 3% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,762 | $1,963 |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1997 | 1982 | 1980 |
| Vacant homes | 29.5% | 12.3% | 10.1% |
| Population | 43 | 784,841 | 334,922,499 |
What a typical home costs per month in Milton
At this week's average 30-year rate of 7.11%, buying the median Milton home of $308,800 with 20% down costs about $2,050 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,565, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $87,875 for the 20%-down payment. That payment is 56% of the median Milton household income of $43,819; at that income and 20% down, the 28% guideline points to a home of about $154,000.
| Down payment | $61,760 |
|---|---|
| Loan amount | $247,040 |
| Principal and interest | $1,662 |
| Property taxes (1.01% a year) | $260 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| PMI | $0 |
| Total per month | $2,050 |
Change the numbers in the calculator
| Down payment | $10,808 |
|---|---|
| Loan amount | $303,207 |
| Principal and interest | $2,040 |
| Property taxes (1.01% a year) | $260 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| FHA mortgage insurance | $137 |
| Total per month | $2,565 |
Change the numbers in the calculator
Questions about home buying in Milton
What is the median home value in Milton?
About $308,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Milton?
Homeowners pay a median $3,118 a year, which is about 1.01% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Milton?
For the median home with 20% down at 7.11%, the payment is about $2,050 a month. Keeping that under 28% of gross income takes about $87,875 a year.
More about Milton
- Mortgage Refinance in Milton
- Debt Relief in Milton
- Home Equity Loans in Milton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data