House prices throughout the borough have risen by a respectable 3.7% in the past 12 months and the average house price is MK is now £267,299.
This is around £6,000 more than the national average in England and Wales.
The research was carried out by local estate agent Dominic Marcel from Keller Williams UK and it also paints a picture of the very top end of the MK property market.
Dominic's analysis of Land Registry Price Paid sales records reveals the most expensive home sold in Milton Keynes during 2020 was a house in West Hill, Aspley Guise, which sold for £1.56m in September.
The highest priced street with more than one sale was Mill Lane in nearby Woburn Sands, where the average price per transaction was £1.38m.
MK's most popular in terms of total property market transactions was Cicero Crescent in Fairfields, where there were 22 sales totalling £7.9m throughout the year.
The total number of house sales in the Milton Keynes area in 2020 was 2,947 - an average of more than eight a day.
Currently the most expensive MK house on the market is in Loughton, a Grade II listed 16th century six bedroom manor house in grounds of 1.25 acres. This is advertised for £2,150,000 and comes with a triple garage and a detached two bedroom annexe.
Dominic covers the Milton Keynes area for Lion Estates, powered by Keller Williams UK. He said: “The property market here is surprisingly buoyant and this research demonstrates as such. Of course, each neighbourhood is different in price terms and desirability and so there’s a huge mix of activity and value across the board."
He added: "Those that are curious as to whether their property has increased in value or indeed wish to see if their own street is on course to top the table as the priciest this year, should get a professional valuation from a local estate agent that truly knows the area."