Housing in Milton

A typical Milton home is worth roughly $528,000

Typical home value

$528K

MI $266K

Estimate

2-bedroom rent

$1,330

a month, utilities in · HUD

Median tax bill

$3,710

MI $2,904

What kind of housing town is Milton?

Read from the numbers below. The page puts what stands out first.

Pricier than MI98% above the Michigan typical home.A second-home town37% of homes are seasonal or vacation homes.A town of owners93% of households own their home.

★ What stands out · Affordability

A typical home costs 5.9 years of income

More than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$356,000

Typical Milton home $528K

That’s $172K short of a typical Milton home.

The typical home, each month

$3,080

Loan $2,610Tax $310Insurance $150

A two-bedroom rents for about $1,330 a month here, $1,750 less than owning.

Where your budget reaches nearby

Clearwater$218K Helena$382K Whitewater$373K Elk Rapids$518K Rapid City$371K Forest Home$307K Torch Lake$570K

How Milton ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Milton’s typical property tax (0.70% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

93% of Milton households own their home

Half of Milton’s homes were built before 1987.

Owners and renters

Own 93%Rent 7%

Michigan: 73% own.

1987

typical home built · MI 1972

$3,710

median property tax bill · MI $2,904

0.70%

of a home’s value, a year in tax · MI 1.25%

37%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $1,330

Renters already here pay a median of $1,125, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$930

1 bedroom$1,030

2 bedrooms$1,330

3 bedrooms$1,630

4 bedrooms$1,830

of households rent · MI 27%

renter households

82%

of renters spend 30%+ of income on rent · MI 50%

18%

of the median income, for a two-bedroom

$1,125

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Antrim County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Milton vs. its neighbors

Milton is the 2nd priciest of 8 neighboring towns. Tap one to see its housing page.

Torch Lake$570K Milton$528K Elk Rapids$518K Helena$382K Whitewater$373K Rapid City$371K Forest Home$307K Clearwater$218K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Milton	$528K*	—	$1,330	$88,971
Clearwater	$218K*	+8.3%†	$1,140	$74,663
Helena	$382K*	—	$1,010	$72,228
Whitewater	$373K*	+1.7%†	$1,400	$93,958
Elk Rapids	$518K	+7.1%	$1,360	$82,933
Rapid City	$371K	−0.2%	$1,110	$73,021
Forest Home	$307K*	−2%†	$970	$81,111
Torch Lake	$570K*	—	$1,500	$89,485

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Milton buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Milton still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.