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 $258,288, lower than the Washington average of $453,663.
The average cost of rent is $681/mo in Milan, primarily driven by the current value of real estate in the Milan area. While nearly 43.84% of residents own their homes outright in Milan, 8.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Milan is $5,257 per month. Households that rent pay about 12.95% of their income on rent here. Milan's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
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