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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 Type0%
One Bedroom5.20%
Two Bedrooms45.10%
Three Bedrooms27.70%
Four Bedrooms19.70%
Five Bedrooms or more2.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1939
Median Value of occupied units$29,200
Median Price asked for vacant units$27,500

Rented Homes, Apartments and Condos

Average Household Size1.61
Median year structure was built1968
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.80%
Home Equity Loan1.80%
Simple Mortgage30.40%
Debt Free66.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs10.7%