The typical owner-occupied home in Milton is worth about $337,600, 7% above the Vermont median of $316,600 and about the same as the national median of $332,700. Owners pay a median $5,148 a year in property taxes, about 1.52% of their home's value, close to the Vermont rate of 1.59%. The median household earns $77,550 a year, so the median home costs 4.4 times the median income (3.9 times for Vermont). 70% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Milton at a glance
| Milton | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $337,600 | $316,600 | $332,700 |
| Median property tax paid per year | $5,148 | $5,039 | $3,119 |
| Property tax as a share of value | 1.52% | 1.59% | 0.94% |
| Median household income | $77,550 | $81,203 | $80,734 |
| Homes lived in by their owners | 70% | 73% | 65% |
| Owner homes with a mortgage | 69% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,968 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 19.9% | 21.7% | 21.0% |
| Median rent | $1,471 | $1,234 | $1,413 |
| Rent as a share of renters' income | 45.2% | 29.4% | 30.6% |
| Median year homes were built | 1988 | 1976 | 1980 |
| Vacant homes | 0.0% | 19.4% | 10.1% |
| Population | 3,555 | 647,106 | 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 $337,600 with 20% down costs about $2,385 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,948, 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 $102,220 for the 20%-down payment. That payment is 37% of the median Milton household income of $77,550; at that income and 20% down, the 28% guideline points to a home of about $256,000.
The median rent here is $1,471 a month, so owning the median home costs about $914 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,520 |
|---|---|
| Loan amount | $270,080 |
| Principal and interest | $1,817 |
| Property taxes (1.52% a year) | $428 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| PMI | $0 |
| Total per month | $2,385 |
Change the numbers in the calculator
| Down payment | $11,816 |
|---|---|
| Loan amount | $331,485 |
| Principal and interest | $2,230 |
| Property taxes (1.52% a year) | $428 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| FHA mortgage insurance | $149 |
| Total per month | $2,948 |
Change the numbers in the calculator
Questions about home buying in Milton
What is the median home value in Milton?
About $337,600 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 $5,148 a year, which is about 1.52% 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 $2,385 a month. Keeping that under 28% of gross income takes about $102,220 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