Zip 56262 (Milan, MN) Housing

The housing market in Milan, MN (zip code 56262) is booming. The median house value in Milan is $105,100, which is much lower than the US median of $338,100. However, one year appreciation for houses in Milan is 13.39%, far higher than the US average of 8.27%. This shows that people are actively investing in Milan's housing market and enjoying strong returns on their investments.

The median home cost in Milan (zip 56262) is $105,100. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Milan (zip 56262) is up 12.6%.

Average Age of Homes

- The median age of Milan (zip 56262) real estate is 78 years old

The Rental Market in Milan (zip 56262)

- Renters make up 23.0% of the Milan (zip 56262) population
- 0.0% of houses and apartments in Milan (zip 56262), 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, Minnesota	United States
	346.0	139,647,020.0
	64	42
	$105,100	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$11.03	$10.98
	$769	$2,690
	74.9%	57.4%
	11.0%	11.2%
	14.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.9%	3.6%
	8.1%	4.1%
Value of Owner-Occupied Housing
	15.4%	2.6%
	8.9%	2.4%
	16.6%	2.8%
	10.8%	3.9%
	4.2%	4.5%
	23.6%	11.3%
	4.6%	13.0%
	10.0%	20.1%
	0.4%	13.6%
	0.8%	8.3%
	2.7%	9.7%
	0.4%	3.9%
	1.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	2.0%	13.6%
	2.6%	13.2%
	5.2%	14.8%
	2.0%	13.6%
	12.1%	10.0%
	3.8%	4.7%
	64.7%	12.2%

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