The housing in Milan, NM is significantly lower than the US median value with a median of $63,400. However, Milan's 1 year house appreciation rate of 13.83% is higher than the US average of 8.27%. This means that homes in Milan are increasing in value at a faster rate than the nation as a whole. It could be a great opportunity for people looking to move into this area or invest in real estate.
The median home cost in Milan is $63,400. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Milan is up 16.7%.
Average Age of Homes
- The median age of Milan real estate is 42 years old
The Rental Market in Milan
- Renters make up 18.7% of the Milan population
- 0.9% 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.