Market Overview
Home Prices in Milton, TN
The median home value in Milton, TN is $634,112 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milton are priced55% above average. Milton is part of the Nashville-Davidson--Murfreesboro--Franklin, TN metro area.
Price History
Milton Home Price Trend
2022
$562,620
$563K
—
2023
$552,366
$552K
-1.8%
2024
$595,494
$595K
+7.8%
2025
$626,526
$627K
+5.2%
2026
$634,112
$634K
+1.2%
City Comparison
Milton vs. National Median
🏠 Milton
$634,112
National Median
$410,000
At $634,112, homes in Milton cost 55% above the national median of $410,000. Buyers in Milton should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Milton?
20% Down Payment
$126,822
on $634,112
Monthly P&I
$3,307/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,200/mo
incl. taxes & insurance
Income Needed
$168,000
gross annual (30% rule)
10% Down Option
$63,411
+ PMI applies
Loan Amount (20% dn)
$507,290
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, TN?
The median home value in Milton is $634,112 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Milton?
Over the past year, home values in Milton have increased by 1.2%.
How much do I need to earn to buy a home in Milton?
To comfortably afford the median home price of $634,112 with a 20% down payment ($126,822) at today's rates (6.8%), you'd need a gross annual income of approximately $168,000. 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 $634,112, homes in Milton are 55% above the national average.
What metro area is Milton part of?
Milton is part of the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.