Housing in Milan, MO

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$97,846

Milan vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Milan is highlighted.

Median Home Value

16th%ilemost expensive$89,700show rank

Median Rent

16th%ilemost expensive rent$699show rank

Rent Burden

30th%ilehighest rent burden15.9%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$89,700

Median Rent

$699

Total Housing Units

887

Vacancy Rate

25.4%

Owner Occupied

57.7%

Renter Occupied

42.3%

Median Property Tax

$696

per year

Monthly Cost (w/ Mortgage)

$665

Housing Types

Single Family

64.9%

Multi-Family

23.4%

Mobile Home

11.6%

The median home value in Milan, MO is $89,700. According to Zillow, the home value index for Milan is $97,846. The median rent is $699 per month (Census ACS). About 57.7% of housing units are owner-occupied. The median year homes were built is 1968. There are 887 total housing units.