Milan, PA—18831
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milan, PA
As of Oct '25, the median home price in Milan, PA is $227,000, with a year-over-year change of 4.9%. This indicates that home prices in Milan, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $227,000 | 4.9% |
| Single Family | $227,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $229,000 | 5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milan, PA
As of July '25, Rentcast reports the average rent in Milan, PA is $1,100, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Milan, PA is 2-bedrooms: $1,100. The most common rental property sizes in Milan, PA are 2-bedroom and 3-bedroom, accounting for 44.8% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Milan, PA
Milan, PA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | N/A |
Listing Count | 3 | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | 71 | N/A |
Demographics — Milan, PA
As of the latest ACS Survey released in 2023, Milan, PA has a population of 1,060, which has decreased by -28.4% over the past 5 years. Milan, PA is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,060 | -28.4% |
% Under 18 | 22.0% | -20.3% |
% Seniors | 33.1% | 71.5% |
% WFH | 3.2% | -15.8% |
% w/ College Degree | 16.9% | 6.3% |
As of the latest ACS Survey released in 2023, Milan, PA is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Milan, PA is asian, making up 2.5% of the population. Foreign-born residents account for 1.7% of the population in Milan, PA, and this percentage has increased by 240.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.7% | -4.1% |
% Black | 0.7% | ∞% |
% Hispanic | 0.1% | -90.9% |
% Asian | 2.5% | 177.8% |
% Foreign Born | 1.7% | 240.0% |
Mortgage and Risk — Milan, PA
Milan, PA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Milan, PA
Milan, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% 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 | $740 |
| 2 Bedroom | -$190 | $1,100 | $910 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Milan, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $227,000 |
| Median Household Income | $77,400 |