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Milan, OH—44846

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$273,000
7.1% YoY Growth
Household Income
$97,100
29.4% YoY Growth
Days on Market
45
64.0% Longer YoY
Home Price Forecast
2.7%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Milan, OH

As of Dec '25, the median home price in Milan, OH is $273,000, with a year-over-year change of 7.1%. 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 TypeMedian Home ValueYoY % Change
All Homes
$273,0007.1%
Single Family $283,0008.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$193,0006.6%
    3 Bed
    		$276,0007.8%
    4 Bed
    		$376,0008.0%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.3%
    2 Bedrooms
    19.0%
    3 Bedrooms
    43.5%
    4 Bedrooms
    24.1%
    5+ Bedrooms
    10.0%

    Rental Trends — Milan, OH

    Milan, OH lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    12.0%
    2 Bedrooms
    55.0%
    3 Bedrooms
    17.5%
    4 Bedrooms
    6.5%
    5+ Bedrooms
    9.0%

    Property Listings — Milan, OH

    As of Dec '25, Realtor.com reports that the median days on market for a home in Milan, OH is 57. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$459,00024.0%
    Listing Count
    		4-7.0%
    Listings as % of Homes0.3%-7.0%
    Days on Market
    		4564.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$850
    2 BedroomN/AN/A$1,070
    3 BedroomN/AN/A$1,300
    4 BedroomN/AN/A$1,600

    Affordability — Milan, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$273,000
    Median Household Income$97,100

    Milan, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Huron, OH

    44839

    Norwalk, OH

    44857

    Monroeville, OH

    44847

    Berlin Heights, OH

    44814

    Sandusky, OH

    44870

    Frequently Asked Questions