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 $113,832, lower than the New Mexico average of $199,923.
The average cost of rent is $750/mo in Milan, primarily driven by the current value of real estate in the Milan area. While nearly 49.69% of residents own their homes outright in Milan, 19.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $5,252 per month. Households that rent pay about 14.28% 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.
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Cities with Similar Populations
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