The housing market in Milan, TN is thriving. The median value of a home is $141,700, significantly lower than the US house median value of $338,100. Despite the lower value, the one year appreciation rate of 19.25% for houses in Milan is higher than the national average of 8.27%. This shows that Milan is an attractive option for people looking to invest in real estate. Homes are appreciating at an unprecedented rate and now may be a great time to consider buying or selling in this area.
The median home cost in Milan is $141,700. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Milan is up 24.9%.
Average Age of Homes
- The median age of Milan real estate is 45 years old
The Rental Market in Milan
- Renters make up 34.3% of the Milan population
- 3.5% 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.