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 $205,674, higher than the Michigan average of $196,062.
The average cost of rent is $1,092/mo in Milan, primarily driven by the current value of real estate in the Milan area. While nearly 30.79% of residents own their homes outright in Milan, 19.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $6,788 per month. Households that rent pay about 16.08% of their income on rent here. Milan's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
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Cities with Similar Populations
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