Milton, Indiana.
Typical home $214,529 (+5.6% in a year). Richmond, IN metro.
to buy the typical home at today's mortgage rate — +$685 (+155%) since Jan 2020.
- 1 year
- Up $11,300 +6%
- $203,229$214,529 since Sep 2025
- 5 years
- Up $62,690 +41%
- $151,839$214,529 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Milton$1,126
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Milton, IN rose 5.6% over the past year — faster than the nation's +1.2%.
Living in Milton, Wayne County, Indiana
Milton is a town of 455 people in Wayne County. Half its households earn more than $47,083 a year and half less, against $55,692 across Wayne County; 14% of its people live below the poverty line. Unemployment in Wayne County was 3.7% in August 2026, and the county had 1.2% fewer jobs in 2025 than the year before. The most people in Wayne County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Milton is a very small town in Wayne County, Indiana, where neighbors are likely to know one another. Household incomes here run below the county's, and typical home values sit in a middle range for the region. Winters are cold, with January the coldest month and highs staying near freezing, while summers are warm, with July the warmest.
Work. Most residents who work do so in schools, hospitals and social care, in manufacturing, in shops, or in restaurants, hotels and entertainment. Across Wayne County, some of the largest workplaces are Reid Hospital & Health Care Services, Richmond Community Schools and Earlham College. Few adults hold a four-year degree compared with many places, and only a small group of workers do their jobs from home.
Things to do. Roberts Park is a park a short drive away, a simple place for a walk or a bit of fresh air. A longer drive brings you to the Richmond Art Museum, a museum for an afternoon indoors, and to Hayes Arboretum, a botanical garden good for slow wandering. Summit Lake State Park, a protected area, is also a longer drive away and suits a day outdoors.
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- 17%of adults have a degree
- 14%below the poverty line
- 6%work from home
What people in Wayne County work in
Employed residents by industry, from the Census survey. Wayne County had 29,380 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 17°; warmest in July, with highs near 82° and lows near 61°.
Average daily high and low, 1991–2020, at the Cambridge City North weather station, 6 miles away (NOAA).
Largest workplaces in Wayne County
- Reid Hospital & Health Care ServicesGeneral hospital1,246FTE
- Richmond Community SchoolsSchool district666FTE
- Sugar Creek Packing Co. CCIBacon, slab and sliced, made from purchased carcasses651
- City Of RichmondGeneral public administration580
- Indiana University-EastUniversity or college396
- Earlham CollegeUniversity or college362
- Richmond State HospitalPsychiatric hospital361FTE
- WalmartWarehouse clubs and supercenters356
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 88 workplaces with 20 or more staff, 9,117 people in all across the county; Milton has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- TornadoesRelatively high
- Inland floodingRelatively high
- HailRelatively moderate
- LightningRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Milton’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wayne County and the Richmond, IN metro.
Milton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Milton$214,529
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Milton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Milton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.