Milan, MN Real Estate
According to census data in the year 2000 there were 173 housing units in Milan.
This represents a 9.9% decline from 192 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 173 were located in what is classified as a rural area.
Homeownership rate in Milan is about 78.9%.
Milan's vacancy rate, including seasonal lodging, is about 15%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Milan were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.20% |
| Two Bedrooms | 45.10% |
| Three Bedrooms | 27.70% |
| Four Bedrooms | 19.70% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $29,200 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.61 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.80% |
| Home Equity Loan | 1.80% |
| Simple Mortgage | 30.40% |
| Debt Free | 66.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 10.7% |
