Housing in Milan, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$324,991
Median List Price
$284,900
Price Per Sq Ft
$208
Days on Market
6
Active Inventory
19
Months of Supply
6.3
Buyer's market
Zillow Home Value
$292,544
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
22.2%
Sale-to-List Ratio
97.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
5
Pending Sales
9
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$208
Median List $/SF
$222
Milan vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Milan is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$233,700
Median Rent
$1,083
Total Housing Units
2,707
Vacancy Rate
6.5%
Owner Occupied
70.3%
Renter Occupied
29.7%
Median Property Tax
$3,836
per year
Monthly Cost (w/ Mortgage)
$1,496
Housing Types
The current median sale price in Milan, MI is $324,991 according to Redfin data. Homes spend a median of 6 days on the market. 0.0% of homes sold above asking price. The market has 6.3 months of supply. The median price per square foot is $208. The median rent is $1,083 per month (Census ACS). About 70.3% of housing units are owner-occupied. The median year homes were built is 1969. There are 2,707 total housing units.