Milan, MI Real Estate

According to census data in the year 2000 there were 1,988 housing units in Milan. This represents a 22.9% growth from 1,617 in 1990.

Of those housing units, 1,988 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Milan is about 69.1%. Milan's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.48 people.

The majority of houses, apartments or condos in Milan were built after 1962.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom11.50%
Two Bedrooms34.70%
Three Bedrooms42.80%
Four Bedrooms9.80%
Five Bedrooms or more1%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1959
Median Value of occupied units$125,500
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1971
Median Monthly Rent asked for vacant units$482

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage6%
Home Equity Loan12.30%
Simple Mortgage49.30%
Debt Free31.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%