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Milan

Learn about the people, housing, costs and businesses in Milan, Missouri

Median Home$103,200
Median Rent$707/month
Population1,811
Leading IndustriesRetail · Healthcare28% retail
Family-Friendly24% of residentsslightly above average
Homeowners68% of occupied units
NotableAffordable Market$103k median home · lower cost than 91% of the country
Milan
MO

Frequently Asked Questions

What are today's mortgage rates in Milan?

As of today, the 30-year fixed mortgage rate for Milan is approximately 7.427% (7.482% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Milan?

The median home value in Milan is $103k. The median monthly rent is $707. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Milan?

Based on a typical all-in ownership cost of $781/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milan is $58k/year.

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What industries drive the economy in Milan?

The largest employment sectors in Milan are retail (28%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.