The housing market in Milan, MI is doing quite well compared to the overall US median value. The median housing value in Milan is $235,200, which is much lower than the US median of $338,100. Even though the median home price in Milan is lower than the national average, there has been a steady 8.47% increase in house appreciation over the past year. This rate of appreciation is slightly higher than the national average of 8.27%. This indicates that property values are steadily increasing and that now may be a good time to invest in property in Milan.
The median home cost in Milan is $235,200. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Milan is up 13.1%.
Average Age of Homes
- The median age of Milan real estate is 44 years old
The Rental Market in Milan
- Renters make up 28.0% of the Milan population
- 1.5% 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.