Zip 48160 (Milan, MI) Housing

The housing in Milan, MI (48160) is a great investment for homeowners. The median value for homes in this area is $257,300, which is lower than the US median value of $338,100. Over the past year, the house appreciation rate has been 8.47%, higher than the US average of 8.27%. This makes Milan a desirable place to invest in housing as it is likely to appreciate more quickly and provide a larger return on investment compared to other parts of the country.

The median home cost in Milan (zip 48160) is $257,300. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Milan (zip 48160) is up 13.1%.

Average Age of Homes

- The median age of Milan (zip 48160) real estate is 45 years old

The Rental Market in Milan (zip 48160)

- Renters make up 17.2% of the Milan (zip 48160) population
- 0.8% of houses and apartments in Milan (zip 48160), 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, Michigan	United States
	5,186.0	139,647,020.0
	56	42
	$257,300	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$12.81	$10.98
	$3,305	$2,690
	76.0%	57.4%
	5.1%	11.2%
	18.9%	31.4%
Vacant Housing
	0.8%	1.9%
	0.6%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.3%	2.4%
	1.7%	2.8%
	0.7%	3.9%
	2.0%	4.5%
	13.2%	11.3%
	29.1%	13.0%
	31.3%	20.1%
	10.9%	13.6%
	5.8%	8.3%
	2.7%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.2%	13.6%
	15.2%	13.6%
	13.5%	13.6%
	3.9%	13.2%
	11.0%	14.8%
	13.5%	13.6%
	15.0%	10.0%
	10.5%	4.7%
	20.7%	12.2%

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