Milton, Delaware Real Estate

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Milton, Delaware Real Estate Information

Milton, known as "Delaware's Smallest Wonder," is a thriving historic community in Sussex County and has an approximate population of 1,700 people. This little Victorian shipbuilding village serves as a home for many on a permanent basis, while others have second homes here and vacation during the warmer months of the year. Milton has a relatively mild year-round weather forecast and benefits greatly from the nearby Atlantic Ocean. Milton is found at the head of the Broadkill River that feeds into the Delaware Bay.

Nearby Lewes and Rehoboth Beach and a couple of Delaware's more beautiful resort towns and are located just minutes from Milton. This town has a unique heritage that locals strive to preserve, thus creating a safe and clean community that appeals to families, children, seniors and visitors on vacation. Being just off the coastline allows for residents in Milton to enjoy a relaxed, slower pace of life, while still having quick access to the local beach activities and recreation.

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Milton, DE Real Estate Market - Prices of Milton Homes for Sale

Milton, Delaware is well-known for offering a unique type of real estate opportunities. Many of the Milton homes for sale have elaborate Victorian and Colonial styles that have been restored to original condition. The old farmhouses and merchant homes with their traditional wraparound porches and columns provide the historic character, while a number of more modern, luxurious homes are found in Milton. Many of these are resort properties and second homes for people living in nearby cities. To own one of these unique Milton, Delaware estates means owning an important peace of American history.

The property values in Milton, DE are holding steady and in some cases increasing slightly, but properties have remained affordable overall. The median home value in Milton is approximately $200,000. Single-family home prices run from $115,000 to $900,000. Larger historic homes can be found in Milton in the $1.25 million range, while waterfront properties are priced starting at just under $1.5 million. Townhouses and condos are also available for purchase in Milton, DE starting from $136,000 to $350,000.

View Current Rates
-- Dec 10th, 2016 --
 30 yr. fixed rate: 3.97%
 15 yr. fixed rate: 3.15%
 30 yr. jumbo rate: 4.50%
 15 yr. jumbo rate: 3.92%
Average Prices of 3 Bed Homes
-- Dec 10th, 2016 --
 2 Years Ago  $282,000
 1 Year Ago  $293,000
 6 Months Ago   $293,000
 1 Month Ago  $294,000
 Today  $293,000

Milton Real Estate Stats and Trends for the week of December 5th, 2016: homes priced around $292,554 compared to $292,445 the previous week, for a slight increase of less than +1%.  For Friday, December 9th, the current national mortgage rate for a 30 year fixed mortgage is 3.99%; the 15 year fixed rate is at 3.18%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.50%, while the 15 year jumbo rate currently is at 3.92%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Milton DE. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Milton to help you find the best home!

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