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 Units by Size|
|Five Bedrooms or more||1%|
Owned Homes, Apartments and Condos
|Average Household Size||2.46|
|Median year structure was built||1959|
|Median Value of occupied units||$125,500|
|Median Price asked for vacant units||$137,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.54|
|Median year structure was built||1971|
|Median Monthly Rent asked for vacant units||$482|
Owners Finance Status
|Second Mortgage & Equity Loan||0.70%|
|Home Equity Loan||12.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.1%|