Zip 61264 (Milan, IL) Housing

The housing market in Milan, IL (zip code 61264) reflects the national trends of appreciation. The median value for housing in Milan is $146,500, which is slightly lower than the US House Median Value of $338,100. However, house values in Milan have appreciated by 6.99%, just below the 8.27% appreciation rate of the US housing market over the past year. This suggests that housing in Milan remains a good investment for those looking to move or invest in this area.

The median home cost in Milan (zip 61264) is $146,500. Home appreciation the last 10 years has been 34.4%. Home Appreciation in Milan (zip 61264) is up 8.3%.

Average Age of Homes

- The median age of Milan (zip 61264) real estate is 49 years old

The Rental Market in Milan (zip 61264)

- Renters make up 22.0% of the Milan (zip 61264) population
- 0.4% of houses and apartments in Milan (zip 61264), 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
	5,048.0	139,647,020.0
	54	42
	$146,500	$338,100
	8.3%	16.6%
	28.5%	57.0%
	34.4%	101.1%
	$22.34	$10.98
	$3,034	$2,690
	69.9%	57.4%
	7.8%	11.2%
	22.3%	31.4%
Vacant Housing
	0.4%	1.9%
	0.7%	0.4%
	1.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	9.1%	2.6%
	1.7%	2.4%
	2.6%	2.8%
	7.6%	3.9%
	11.0%	4.5%
	21.4%	11.3%
	16.3%	13.0%
	18.0%	20.1%
	8.7%	13.6%
	2.4%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.5%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.3%	13.6%
	6.3%	13.6%
	10.0%	13.6%
	4.1%	13.2%
	18.5%	14.8%
	10.0%	13.6%
	13.6%	10.0%
	8.4%	4.7%
	10.9%	12.2%

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