Milan, IL Housing

Housing in Milan, IL is much more affordable than in the rest of the United States. The median value for homes in Milan is $137,900 while the US median is $338,100. In the past year, houses in Milan have appreciated by 6.99%, which is slightly lower than the national average of 8.27%. Despite this small difference, housing in Milan remains an attractive option to those looking for an affordable place to live while still having access to all of the amenities that a major city provides.

The median home cost in Milan is $137,900. Home appreciation the last 10 years has been 34.4%. Home Appreciation in Milan is up 8.3%.

Average Age of Homes

- The median age of Milan real estate is 48 years old

The Rental Market in Milan

- Renters make up 32.7% of the Milan population
- 0.8% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Milan, Illinois	United States
	2,710.0	139,647,020.0
	55	42
	$137,900	$338,100
	8.3%	16.6%
	28.5%	57.0%
	34.4%	101.1%
	$24.18	$10.98
	$2,752	$2,690
	58.2%	57.4%
	6.6%	11.2%
	35.3%	31.4%
Vacant Housing
	0.8%	1.9%
	1.3%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	8.9%	2.6%
	0.6%	2.4%
	1.0%	2.8%
	7.6%	3.9%
	17.3%	4.5%
	32.6%	11.3%
	15.6%	13.0%
	8.4%	20.1%
	7.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.1%	13.6%
	4.1%	13.6%
	6.2%	13.6%
	2.4%	13.2%
	20.8%	14.8%
	6.2%	13.6%
	13.7%	10.0%
	8.7%	4.7%
	8.3%	12.2%