Housing in Milan, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$261,843
Milan vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Milan is highlighted.
Median Home Value
36th%ilemost expensive$136,400show rank
Median Rent
45th%ilemost expensive rent$906show rank
Rent Burden
59th%ilehighest rent burden19.9%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$136,400
Median Rent
$906
Total Housing Units
705
Vacancy Rate
3.1%
Owner Occupied
78.2%
Renter Occupied
21.8%
Median Property Tax
$792
per year
Monthly Cost (w/ Mortgage)
$817
Housing Types
Single Family71.1%
Multi-Family19.3%
Mobile Home9.7%
The median home value in Milan, IN is $136,400. According to Zillow, the home value index for Milan is $261,843. The median rent is $906 per month (Census ACS). About 78.2% of housing units are owner-occupied. The median year homes were built is 1958. There are 705 total housing units.