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 $162,493, lower than the Indiana average of $175,617.
The average cost of rent is $788/mo in Milan, primarily driven by the current value of real estate in the Milan area. While nearly 38.43% of residents own their homes outright in Milan, 21.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $5,633 per month. Households that rent pay about 13.99% of their income on rent here. Milan's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Old Milan, IN: higher priced homes
- Moores Hill, IN: equally priced homes
- Negangards Corner, IN: higher priced homes
- Pierceville, IN: less expensive homes
- Osgood, IN: less expensive homes
- Elrod, IN: less expensive homes
- Versailles, IN: less expensive homes
- Spades, IN: higher priced homes
- Sunman, IN: higher priced homes
- Olean, IN: higher priced homes
Cities with Similar Populations
- Cedar Bluff, AL: less expensive homes
- Clarkson, KY: less expensive homes
- Clayton, IN: higher priced homes
- Constantine, MI: less expensive homes
- South Russell, OH: higher priced homes
- Mount Olive, MS: less expensive homes
- Nash, TX: less expensive homes
- North Grosvenordale, CT: higher priced homes
- Owenton, KY: less expensive homes
- Phoenix Lake, CA: higher priced homes
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