Real Estate Investing in Milton, Massachusetts (02186)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02186 (Milton, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 31.0 — hard to cash-flow at these prices.
What’s happening in Milton, MA (02186)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02186 Milton
Investors eyeing 02186 need to respect the fundamentals at play. Home values of $1.1M come alongside slower price movement and elevated management overhead.
Rent of $2,950/mo on a $1.1M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 02186 sits below the stated 0.0% once reality is priced in.
ZIP 02186's metrics run below Norfolk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A solid renter share of 16% in 02186 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 02186 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Milton:
Property Strategy for 02186
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $763,324 | $2,560 | 2.4% | +5.2% | $381,662 |
| 3BR | $948,815 | $3,080 | 2.3% | +6.2% | $316,272 |
| 4BR | $1,183,021 | $3,390 | 2.1% | +6.9% | $295,755 |
| 5BR | $1,728,210 | — | — | +8.2% | $345,642 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02186 Compare?
| Metric | 02186 | Milton | Massachusetts |
|---|---|---|---|
| Home Value | $1,098,262 | $1,098,262 | $645,115 |
| 5-Year CAGR | 5.1% | 5.1% | 7.0% |
| Avg Rent | $2,950 | $2,950 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02186 (Milton, MA). Anonymous, moderated, never written by AI.
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Property managers serving Norfolk County
Manage rentals here? List your business →Old Colony Property Services is a condominium and HOA property management company serving the Old Colony area of Southeastern Massachusetts, including Canton, Easton, Brockton, and Bridgewater. summary from their website
Bellevue Property Management is a home rental and property management company servicing Boston Metrowest, including Newton, Needham, Wellesley, Weston, Wayland, Natick, and Holliston. summary from their website
The Triad Group is a real estate and development company specializing in taking development projects from vision to reality across the United States and globally. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,098,262 |
| Monthly Rent | $2,950 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02186
Population: 28,716
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02186
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Boston Community Leadership Academy
Mattahunt Elementary School
Mildred Avenue K-8 School
Roosevelt K-8 School
Taylor Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 657 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Milton, MA?
The typical rental in Milton, MA commands about $2,950/mo monthly. That rent profile even-keeled cash flow against the $1.1M purchase basis.
How quickly do rentals get leased in Milton, MA?
Vacancy risk in Milton, MA is elevated. That supports stable cash flow for typical rental holds.
How expensive is real estate in Milton, MA?
Median home price in Milton, MA is near $1.1M, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Is Milton, MA landlord-friendly?
MA ranks as a tenant-protective state for landlord-tenant law. Milton generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is tenant demand in Milton, MA?
Milton, MA draws a predictable base of working renters. Demand at the $2,950/mo rent level is reasonable for standard single-family and small multi rentals.
You know 02186 now. You don’t know where it ranks.
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How 02186 ranks in Boston-Cambridge-Newton, MA-NH
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