The median home value in Milan, IN is $225,500. This is lower than the county median home value of $243,500. The national median home value is $338,100. The average price of homes sold in Milan, IN is $225,500. Approximately 65.33% of Milan homes are owned, compared to 28.72% rented, while 5.95% are vacant. Milan real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Milan real estate agent to arrange a tour today!
Milan, Indiana 47031 has a population of 1,955. Milan 47031 is less family-centric than the surrounding county with 27.92% of the households containing married families with children. The county average for households married with children is 28.66%.
The median household income in Milan, Indiana 47031 is $56,250. The median household income for the surrounding county is $64,221 compared to the national median of $69,021. The median age of people living in Milan 47031 is 41.2 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 45.4 inches per year, with 15.3 inches of snow per year.