Housing in Milan, TN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$246,450
Median List Price
$224,900
Price Per Sq Ft
$165
Days on Market
54
Active Inventory
27
Months of Supply
4.5
Balanced market
Zillow Home Value
$176,665
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
25.0%
Sale-to-List Ratio
90.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
9
Pending Sales
12
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$165
Median List $/SF
$157
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
$121,400
Median Rent
$802
Total Housing Units
3,423
Vacancy Rate
7.3%
Owner Occupied
51.9%
Renter Occupied
48.1%
Median Property Tax
$1,097
per year
Monthly Cost (w/ Mortgage)
$906
Housing Types
The current median sale price in Milan, TN is $246,450 according to Redfin data. Homes spend a median of 54 days on the market. 0.0% of homes sold above asking price. The market has 4.5 months of supply. The median price per square foot is $165. The median rent is $802 per month (Census ACS). About 51.9% of housing units are owner-occupied. The median year homes were built is 1975. There are 3,423 total housing units.