Housing in Milan, OH is quite expensive compared to the national average. The median value of a house in Milan, OH is $227,500 which is significantly lower than the US median value of $338,100. Despite this gap, housing appreciation has been on the rise in Milan with a 1 year appreciation rate of 11.76%, much higher than the national average of 8.27%. This suggests that housing in Milan is becoming increasingly attractive to potential buyers and may continue to be so for some time.
The median home cost in Milan is $227,500. Home appreciation the last 10 years has been 66.7%. Home Appreciation in Milan is up 13.5%.
Average Age of Homes
- The median age of Milan real estate is 62 years old
The Rental Market in Milan
- Renters make up 21.8% of the Milan population
- 1.3% 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.