Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Milan area can be challenging. Home prices in Milan are now at a median cost of $87,423, lower than the Georgia average of $231,203.
The average cost of rent is $566/mo in Milan, primarily driven by the current value of real estate in the Milan area. While nearly 78.23% of residents own their homes outright in Milan, 18.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $5,066 per month. Households that rent pay about 11.16% of their income on rent here. Milan's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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- McRae, GA: equally priced homes
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Cities with Similar Populations
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- Chancellor, AL: higher priced homes
- Braggs, OK: higher priced homes
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