Milan, OH Real Estate
According to census data in the year 2000 there were 591 housing units in Milan.
This represents a 7.3% growth from 551 in 1990.
Of those housing units, 569 were located in either urbanized areas or urban clusters, and 22 were located in what is classified as a rural area.
Homeownership rate in Milan is about 78.5%.
Milan's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Milan were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 5.10% |
| Two Bedrooms | 23% |
| Three Bedrooms | 47.20% |
| Four Bedrooms | 18.80% |
| Five Bedrooms or more | 5.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $121,300 |
| Median Price asked for vacant units | $103,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $396 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 13.80% |
| Simple Mortgage | 42% |
| Debt Free | 37.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
