Quick facts: Milton, WV

Quick Facts

93.9
Cost of Living
below US average
2,767
Population
18.07
Crime Rate per 1000
below US average
$42,857
Median Income
below US average
$349,000
Median House Price
above US average
$3200.0
Average Rent
above US average
14%
Poverty Rate
above US average
3.4%
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 $42,857.

🏠

Income Needed to Buy

βœ— Stretch
$109k/year
Based on $349,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $109k vs median $42,857
🏒

Income Needed to Rent

⚠ Stretch
$137k/year
Based on $3200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $137k vs median $42,857
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Milton, WV

Milton is a charming town located in Cabell County, West Virginia, nestled along the banks of the Mud River. With a population of around 2,200 residents, it offers a small-town atmosphere combined with access to natural beauty and outdoor activities. The town is known for its welcoming community and family-friendly environment. Milton is strategically situated just a short drive from the larger city of Huntington, providing residents with access to more extensive amenities, including shopping, dining, and entertainment options. Notable local attractions include the Milton Historic District, which features beautiful 19th-century architecture, and the nearby Beech Fork State Park, perfect for hiking, fishing, and camping. The town hosts several annual events and festivals, fostering community spirit and engagement. The local schools are part of a well-regarded educational system, making Milton an appealing choice for families. Overall, Milton, WV, combines the tranquility of small-town living with the conveniences of nearby urban life, making it a delightful place to call home.

πŸ” Search & Compare Places

First Location πŸ“