A typical Milan home is worth roughly $71,000
What kind of housing town is Milan?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.3 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Milan home, with $124K to spare.
A two-bedroom rents for about $980 a month here, $520 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Milan’s typical property tax (1.44% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
75% of Milan households own their home
Half of Milan’s homes were built before 1938.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $980
Renters already here pay a median of $1,096.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chippewa County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
On the market in Milan
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Milan buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.