Market Overview
Home Prices in Milton, IL
The median home value in Milton, IL is $109,777 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.4% compared to a year ago and up 16.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milton are priced73% below average.
Price History
Milton Home Price Trend
2024
$82,613
$83K
—
2025
$95,958
$96K
+16.2%
2026
$109,777
$110K
+14.4%
City Comparison
Milton vs. National Median
🏠 Milton
$109,777
National Median
$410,000
At $109,777, homes in Milton cost 73% below the national median of $410,000. This makes Milton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milton?
20% Down Payment
$21,955
on $109,777
Monthly P&I
$573/mo
30-yr @ 6.8%
Total Monthly Est.
~$728/mo
incl. taxes & insurance
Income Needed
$29,120
gross annual (30% rule)
10% Down Option
$10,978
+ PMI applies
Loan Amount (20% dn)
$87,822
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Milton, IL?
The median home value in Milton is $109,777 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.4% year-over-year.
How much have home prices changed in Milton?
Over the past year, home values in Milton have increased by 14.4%.
How much do I need to earn to buy a home in Milton?
To comfortably afford the median home price of $109,777 with a 20% down payment ($21,955) at today's rates (6.8%), you'd need a gross annual income of approximately $29,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Milton compare to the national average home price?
The national median home value is approximately $410,000. At $109,777, homes in Milton are 73% below the national average.