Milton, MA Real Estate
According to census data in the year 2000 there were 9,161 housing units in Milton.
This represents a 1.8% growth from 9,003 in 1990.
Of those housing units, 9,061 were located in either urbanized areas or urban clusters, and 100 were located in what is classified as a rural area.
Homeownership rate in Milton is about 84.2%.
Milton's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.79 people.
The majority of houses, apartments or condos in Milton were built after 1940.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 5% |
| Two Bedrooms | 16.40% |
| Three Bedrooms | 41.80% |
| Four Bedrooms | 25.90% |
| Five Bedrooms or more | 10.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $285,800 |
| Median Price asked for vacant units | $230,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1944 |
| Median Monthly Rent asked for vacant units | $904 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 6% |
| Home Equity Loan | 9.80% |
| Simple Mortgage | 54.90% |
| Debt Free | 28.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
