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 $100,031, lower than the Minnesota average of $269,934.
The average cost of rent is $658/mo in Milan, primarily driven by the current value of real estate in the Milan area. While nearly 53.21% of residents own their homes outright in Milan, 18.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $5,293 per month. Households that rent pay about 12.43% of their income on rent here. Milan's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
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- Wegdahl, MN: higher priced homes
- Correll, MN: equally priced homes
Cities with Similar Populations
- Waverly, KY: higher priced homes
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