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 Units by Size|
|Five Bedrooms or more||1.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.2|
|Median year structure was built||1965|
|Median Value of occupied units||$67,700|
|Median Price asked for vacant units||$21,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.41|
|Median year structure was built||1966|
|Median Monthly Rent asked for vacant units||$264|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||5.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.3%|