Milton's typical home value reached $946,504 in August, up $26,072 in a year and second only to Sea Island in Georgia. Alpharetta's slipped.
The typical Milton home was worth $946,504 in August. That is $26,072 more than a year earlier, a rise of 2.8%. Milton now ranks second of 551 Georgia cities, behind only Sea Island on the coast, and first in metro Atlanta.
The figures come from the Zillow Home Value Index, published by Zillow Research and updated with August data. The index is an estimate for typical homes in the middle third of the market, smoothed and seasonally adjusted. It is not a sale price, and Zillow revises past months.
Milton pulls ahead of its neighbors
Home values in the cities around Milton barely moved over the same year, by the same index.
| City | Typical value, August 2026 | Change in a year |
|---|---|---|
| Milton | $946,504 | +$26,072 (+2.8%) |
| Alpharetta, about six miles southeast | $716,629 | -$1,380 (-0.2%) |
| Johns Creek, about 10 miles east | $695,041 | +$4,060 (+0.6%) |
| Roswell, about eight miles south | $653,146 | +$8,108 (+1.3%) |
The gap between Milton and Alpharetta is now about $230,000. Statewide, the next highest cities in the index are Skidaway Island near Savannah at $893,255 and Berkeley Lake in Gwinnett County at $771,019. Sea Island, in Glynn County, sits far ahead at $4.42 million.
Ten years of growth
The typical Milton value has risen 88% since August 2016, when it stood at $504,479. The steepest climb came between August 2021 and August 2022, when it jumped 24%, from $673,274 to $833,222. Growth has been slower since. The past year’s 2.8% follows a 0.3% rise the year before.
| August | Typical value |
|---|---|
| 2016 | $504,479 |
| 2021 | $673,274 |
| 2022 | $833,222 |
| 2024 | $917,244 |
| 2025 | $920,432 |
| 2026 | $946,504 |
Few new homes, steady rents
New construction stays small. Milton issued permits for eight new homes in August, all single-family, with a combined construction value of $2,491,395. That is from the U.S. Census Bureau’s Building Permits Survey, which counts homes authorized, not started.
Rents moved less than prices. Zillow’s Observed Rent Index put Milton’s typical asking rent at $2,246 a month in August, up 1.0% from $2,223 a year earlier. That ranks 16th of 153 Georgia cities in the rent index.
What it means for you
- If you own a home in Milton, higher values can mean a higher assessment and a higher property tax bill, even when tax rates stay flat. Fulton County votes Wednesday on its 2026 rate; see our story on the county’s 8.87-mill proposal.
- If you are buying, the index is a broad guide, not a price for any one house. Recent sales on the street you are looking at are a better check.
- Comparing towns? Our Milton, Alpharetta, Roswell and Johns Creek guide sets home values beside tax rates, high school scores and Census commute times.
Updated Oct. 22: Zillow has since revised its index. With September data, released in October, it puts Milton’s August typical value at $934,044, not $946,504, and September at $936,770, up 2.6% on the year. Milton still ranks second of 551 Georgia cities. The figures above are as Zillow first published them.
Have your say