Affordable
Expensive
Expensive
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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 $505,917, higher than the New Orleans average of $308,345.
The average cost of rent is $1,653/mo in Milan, primarily driven by the current value of real estate in the Milan area. In Milan, 59.45% of households rent, and 45.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $6,039 per month. Households that rent pay about 27.37% 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 neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally 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: equally 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: less expensive homes
- Virginia Park, Tampa, FL: higher priced homes
- Deschutes River Woods, Bend, OR: higher priced homes
- Davis Island, Tampa, FL: higher priced homes
- West Woods, Golden, CO: higher priced homes
- Cortez-Stege, Richmond, CA: higher 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
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