The housing market in Milan, MN is quite strong. The median value for a house in the city is $97,100, which is much lower than the US median value of $338,100. However, the growth rate of the local market in the past year has been impressive at 13.39%, compared to the US appreciation rate of 8.27%. In other words, buying a house in Milan right now would likely result in good returns on investment down the line due to its strong market performance.
The median home cost in Milan is $97,100. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Milan is up 12.6%.
Average Age of Homes
- The median age of Milan real estate is 66 years old
The Rental Market in Milan
- Renters make up 27.8% of the Milan population
- 0.0% 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.