Quick facts: Milton, VT

Quick Facts

110.2
Cost of Living
above US average
10,352
Population
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$509,000
Median House Price
above US average
$2125.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
1.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $0.

🏠

Income Needed to Buy

βœ— Stretch
$160k/year
Based on $509,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $160k vs median $0
🏒

Income Needed to Rent

⚠ Stretch
$91k/year
Based on $2125.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $91k vs median $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Milton, VT

Milton is a charming town located in Franklin County, Vermont, known for its small-town feel and picturesque landscapes. Nestled between Lake Champlain and the Green Mountains, Milton offers residents and visitors a range of outdoor activities, from hiking and biking to fishing and boating. The town is characterized by a close-knit community, local shops, and seasonal events that foster a friendly atmosphere. Historically, Milton was established in the early 19th century and has maintained much of its rural character, while also experiencing growth in recent years due to its proximity to larger urban areas like Burlington. The local school system is well-respected, contributing to its appeal for families. Milton also features several parks and recreational facilities, including the Milton Municipal Forest, which encompasses trails and natural beauty. The town hosts various community events throughout the year, strengthening its community spirit and engagement. With its beautiful scenery and motivated local culture, Milton is a great place for those seeking a quieter life in Vermont while still being close to urban amenities.

πŸ” Search & Compare Places

First Location πŸ“