Zip 38358 (Milan, TN) Housing

The housing market in 38358 Milan, TN is doing quite well. According to the data, the median value for a house in this area is $152,800 - much lower than the US median of $338,100. Additionally, while the US saw an appreciation rate of 8.27%, houses in 38358 Milan saw an impressive appreciation rate of 19.25% within one year. This indicates that the housing market in this area is performing well above average compared to other areas of the country and investing in property here could be a sound financial decision.

The median home cost in Milan (zip 38358) is $152,800. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Milan (zip 38358) is up 24.9%.

Average Age of Homes

- The median age of Milan (zip 38358) real estate is 40 years old

The Rental Market in Milan (zip 38358)

- Renters make up 27.2% of the Milan (zip 38358) population
- 2.3% of houses and apartments in Milan (zip 38358), 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, Tennessee	United States
	5,081.0	139,647,020.0
	45	42
	$152,800	$338,100
	24.9%	16.6%
	67.1%	57.0%
	87.0%	101.1%
	$8.03	$10.98
	$896	$2,690
	58.2%	57.4%
	13.4%	11.2%
	28.5%	31.4%
Vacant Housing
	2.3%	1.9%
	1.1%	0.4%
	1.7%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	7.5%	4.1%
Value of Owner-Occupied Housing
	4.5%	2.6%
	8.4%	2.4%
	11.4%	2.8%
	7.9%	3.9%
	11.4%	4.5%
	23.6%	11.3%
	17.4%	13.0%
	9.9%	20.1%
	4.6%	13.6%
	0.3%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.9%	13.6%
	10.9%	13.6%
	13.6%	13.6%
	12.3%	13.2%
	22.6%	14.8%
	13.6%	13.6%
	13.6%	10.0%
	6.1%	4.7%
	5.3%	12.2%

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