Milan, IN Real Estate
According to census data in the year 2000 there were 761 housing units in Milan.
This represents a 28.1% growth from 594 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 761 were located in what is classified as a rural area.
Homeownership rate in Milan is about 64.6%.
Milan's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Milan were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 10.90% |
| Two Bedrooms | 40.20% |
| Three Bedrooms | 38.60% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $78,200 |
| Median Price asked for vacant units | $82,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $467 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 54.30% |
| Debt Free | 34.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
