Milan, MO is a small town in Missouri with a population of just over 3,000 people. The housing market in Milan is much more affordable than the national average, with the median housing value at $79,700 while the US house median value is over $338,100. Over the past year, the US house appreciation rate was 8.27% while Milan saw a 13.45% appreciation rate. This makes Milan an attractive option for those looking to buy or invest in the housing market. The low median home value combined with higher rates of appreciation make it an ideal place for potential homeowners and investors alike.
The median home cost in Milan is $79,700. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Milan is up 17.1%.
Average Age of Homes
- The median age of Milan real estate is 53 years old
The Rental Market in Milan
- Renters make up 38.5% of the Milan population
- 10.3% 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.