The housing in Milan, NY is quite impressive with the median value being $482,300. This is significantly higher than the US median value of $338,100 and shows the strong housing market in Milan. The US has experienced an appreciation of 8.27% over the past year, however, properties in Milan saw an even greater increase with a 1 year appreciation of 10.37%. This demonstrates the potential for growth and stability in the housing market of Milan, NY.
The median home cost in Milan is $482,300. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Milan is up 14.0%.
Average Age of Homes
- The median age of Milan real estate is 48 years old
The Rental Market in Milan
- Renters make up 14.5% of the Milan population
- 2.0% 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.