The typical owner-occupied home in Milton Center is worth about $59,200, 72% below the Ohio median of $214,800 and 82% below the national median of $332,700. Owners pay a median $767 a year in property taxes, about 1.30% of their home's value, close to the Ohio rate of 1.31%. The median household earns $63,438 a year, so the median home costs 0.9 times the median income (3.0 times for Ohio). 98% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Milton Center at a glance
| Milton Center | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $59,200 | $214,800 | $332,700 |
| Median property tax paid per year | $767 | $2,822 | $3,119 |
| Property tax as a share of value | 1.30% | 1.31% | 0.94% |
| Median household income | $63,438 | $71,389 | $80,734 |
| Homes lived in by their owners | 98% | 67% | 65% |
| Owner homes with a mortgage | 28% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,313 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 18.6% | 21.0% |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1944 | 1970 | 1980 |
| Vacant homes | 18.7% | 8.1% | 10.1% |
| Population | 183 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Milton Center
At this week's average 30-year rate of 7.11%, buying the median Milton Center home of $59,200 with 20% down costs about $407 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $506, 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 $17,460 for the 20%-down payment. That payment is 8% of the median Milton Center household income of $63,438; at that income and 20% down, the 28% guideline points to a home of about $215,000.
| Down payment | $11,840 |
|---|---|
| Loan amount | $47,360 |
| Principal and interest | $319 |
| Property taxes (1.30% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $407 |
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| Down payment | $2,072 |
|---|---|
| Loan amount | $58,128 |
| Principal and interest | $391 |
| Property taxes (1.30% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $26 |
| Total per month | $506 |
Change the numbers in the calculator
Questions about home buying in Milton Center
What is the median home value in Milton Center?
About $59,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Milton Center?
Homeowners pay a median $767 a year, which is about 1.30% 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 Center?
For the median home with 20% down at 7.11%, the payment is about $407 a month. Keeping that under 28% of gross income takes about $17,460 a year.
More about Milton Center
- Mortgage Refinance in Milton Center
- Debt Relief in Milton Center
- Home Equity Loans in Milton Center
- 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