The housing market in Milan, IN is growing steadily. The median value for homes is $225,500, which is significantly lower than the US median value of $338,100. However, the one year appreciation rate for homes in Milan is 8.27%, which matches the national average of 8.27%. This suggests that despite being a small town, Milan's housing market is keeping pace with the rest of the country and offering potential homeowners good value for their money.
The median home cost in Milan is $225,500. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Milan is up 14.6%.
Average Age of Homes
- The median age of Milan real estate is 48 years old
The Rental Market in Milan
- Renters make up 28.5% of the Milan population
- 1.3% of houses and apartments in Milan, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.