Milan, NM Real Estate
According to census data in the year 2000 there were 820 housing units in Milan.
This represents a 11.6% growth from 735 in 1990.
Of those housing units, 753 were located in either urbanized areas or urban clusters, and 67 were located in what is classified as a rural area.
Homeownership rate in Milan is about 72.4%.
Milan's vacancy rate, including seasonal lodging, is about 16.8%.
Average household size is 2.8 people.
The majority of houses, apartments or condos in Milan were built after 1976.
|Housing Units by Size|
|Five Bedrooms or more||0.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.76|
|Median year structure was built||1977|
|Median Value of occupied units||$57,800|
|Median Price asked for vacant units||$50,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.92|
|Median year structure was built||1975|
|Median Monthly Rent asked for vacant units||$246|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||3.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.4%|