Milan, TN Real Estate

According to census data in the year 2000 there were 3,441 housing units in Milan. This represents a 4.3% growth from 3,300 in 1990.

Of those housing units, 3,259 were located in either urbanized areas or urban clusters, and 182 were located in what is classified as a rural area.

Homeownership rate in Milan is about 62.6%. Milan's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.28 people.

The majority of houses, apartments or condos in Milan were built after 1965.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom7.30%
Two Bedrooms36.20%
Three Bedrooms43.20%
Four Bedrooms11%
Five Bedrooms or more1.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1965
Median Value of occupied units$67,700
Median Price asked for vacant units$21,300

Rented Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1966
Median Monthly Rent asked for vacant units$264

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.50%
Home Equity Loan5.10%
Simple Mortgage41%
Debt Free48.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%