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Affordable
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These days, finding an affordable place to live in the Milan Center area can be challenging. Home prices in Milan Center are now at a median cost of $478,295, higher than the Indiana average of $232,932.
The average cost of rent is $939/mo in Milan Center, primarily driven by the current value of real estate in the Milan Center area. In Milan Center, 0.00% of households rent, and 28.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milan Center is $10,886 per month. Households that rent pay about 8.63% of their income on rent here. Milan Center’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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