Milan, MO Real Estate
According to census data in the year 2000 there were 861 housing units in Milan.
This represents a 3.2% growth from 834 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 861 were located in what is classified as a rural area.
Homeownership rate in Milan is about 58.2%.
Milan's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Milan were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 17.90% |
| Two Bedrooms | 41.90% |
| Three Bedrooms | 30.70% |
| Four Bedrooms | 7.50% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $41,600 |
| Median Price asked for vacant units | $25,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $233 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1% |
| Home Equity Loan | 0% |
| Simple Mortgage | 32.70% |
| Debt Free | 66.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
