Milan, OH—44846
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milan, OH
As of Oct '25, the median home price in Milan, OH is $277,000, with a year-over-year change of 6.8%. This indicates that home prices in Milan, OH are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 6.8% |
| Single Family | $286,000 | 7.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $196,000 | 7.7% |
3 Bed | $279,000 | 7.7% |
4 Bed | $382,000 | 7.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milan, OH
Milan, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Milan, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Milan, OH is 60. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $597,000 | 49.0% |
Listing Count | 6 | 50.0% |
| Listings as % of Homes | 0.3% | 50.0% |
Days on Market | 60 | -25.0% |
Demographics — Milan, OH
As of the latest ACS Survey released in 2023, Milan, OH has a population of 3,360, which has decreased by -3.6% over the past 5 years. Milan, OH is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,360 | -3.6% |
% Under 18 | 26.0% | 18.7% |
% Seniors | 22.1% | 30.0% |
% WFH | 7.1% | 238.1% |
% w/ College Degree | 32.2% | 19.3% |
As of the latest ACS Survey released in 2023, Milan, OH is a predominantly white area, with 93.4% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Milan, OH is hispanic, making up 1.9% of the population. Foreign-born residents account for 0.3% of the population in Milan, OH, and this percentage has decreased by 57.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.4% | 4.2% |
% Black | 0.1% | -83.3% |
% Hispanic | 1.9% | -72.5% |
% Asian | 1.7% | 142.9% |
% Foreign Born | 0.3% | -57.1% |
Mortgage and Risk — Milan, OH
According to HUD data as of 2023, there were 75 mortgage originations in Milan, OH, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Milan, OH. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Milan, OH
Milan, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Milan, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $277,000 |
| Median Household Income | $97,100 |