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 $405,171, higher than the New Orleans average of $247,441.
The average cost of rent is $1,411/mo in Milan, primarily driven by the current value of real estate in the Milan area. While nearly 42.21% of residents own their homes outright in Milan, 56.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $5,107 per month. Households that rent pay about 27.62% of their income on rent here. Milan's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Uptown, New Orleans, LA: higher priced homes
- Central City, New Orleans, LA: less expensive homes
- Broadmoor, New Orleans, LA: less expensive homes
- Irish Channel, New Orleans, LA: higher priced homes
- Audubon, New Orleans, LA: higher priced homes
- West Riverside, New Orleans, LA: higher priced homes
- Lower Garden District, New Orleans, LA: higher priced homes
- Marlyville, New Orleans, LA: higher priced homes
- East Carollton, New Orleans, LA: higher priced homes
- Central Business District, New Orleans, LA: higher priced homes
Neighborhoods with Similar Populations
- Armatage, Minneapolis, MN: equally priced homes
- Virginia Park, Tampa, FL: higher priced homes
- Deschutes River Woods, Bend, OR: equally priced homes
- Davis Island, Tampa, FL: higher priced homes
- West Woods, Golden, CO: higher priced homes
- Cortez-Stege, Richmond, CA: equally priced homes
- Coral Ridge, Fort Lauderdale, FL: higher priced homes
- Community Workers Council, San Antonio, TX: less expensive homes
- College Park, College Station, TX: less expensive homes
- Wilshire Estates-Savannah Mall, Savannah, GA: less expensive homes
All Local Stats
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