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Milton

Learn about the people, housing, costs and businesses in Milton, Washington

Median Home$537,051
Median Rent$2,200/month
Population8,824
Leading IndustriesEducation · Information & Media · Finance & Insurance4% education
Home Value Growth+2.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners59% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHigh Incomes$97k/year · top 19% nationally
Milton
WA

Frequently Asked Questions

What are today's mortgage rates in Milton?

As of today, the 30-year fixed mortgage rate for Milton is approximately 6.833% (6.867% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Milton?

The median home value in Milton is $537k. The median monthly rent is $2,200. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Milton?

Home values in Milton have increased 2.5% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Milton?

Based on a typical all-in ownership cost of $2,052/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milton is $97k/year.

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What industries drive the economy in Milton?

The largest employment sectors in Milton are public administration (22%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.