Housing data for Milan, IN
Milan, IN has an estimated 1,942 residents and 799 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Ripley County.
17.7% of households rent.
The median gross rent is $755 a month.
Figures last updated on .
- Residents
- 1,942 (±315)
- Housing units
- 799 (±119)
- Households that rent
- 17.7%
- Median gross rent
- $755
- Residents since 2015–2019
- −4.8%
What stands out in Milan
Households that moved in since 2020: 27.4% (±8.7 points) in Milan, higher than in Ripley County (17.3%).
Renters paying 30% or more of income: 25.2% (±15.3 points) in Milan, lower than in Ripley County (44.0%).
Median real estate taxes: $835 (±$254) in Milan, lower than in Ripley County ($1,250).
Median home value: $157,400 (±$14,254) in Milan, lower than in Ripley County ($222,500).
Housing in Milan at a glance
- Median rent: $755 median gross rent a month
- Rent by bedrooms: $943 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 25.2% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 17.7% of households rent
- Income and affordability: $59,286 median household income
- Home values: $157,400 median home value
- Homeowner costs: $1,188 median monthly cost with a mortgage
- Property taxes: $835 median real estate taxes a year
- Types of homes: 12.3% of homes are in buildings of 5 or more units
- Bedrooms: 62.1% of homes have 3 or more bedrooms
- Age of homes: 67.7% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 52.2% heat with utility gas
- Commute and cars: 32.8 minutes average trip to work
- Growth: −4.8% residents since 2015–2019
- How long people stay: 27.4% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Milan against Ripley County, its state and the nation
| Milan | Ripley County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 1,942 (±315) | 29,095 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 799 (±119) | 12,461 (±27) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 17.7% (±6.8 points) | 23.2% (±2.6 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $755 (±$221) | $839 (±$45) | $1,062 (±$5) | $1,413 |
| Median household income | $59,286 (±$11,686) | $70,573 (±$4,366) | $71,957 (±$352) | $80,734 |
| Median home value | $157,400 (±$14,254) | $222,500 (±$9,783) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $835 (±$254) | $1,250 (±$58) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 67.7% (±12.6 points) | 52.9% (±4.0 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 32.8 minutes (±3.4) | 26.8 minutes (±2.0) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 86.0% (±5.5 points) | 87.9% (±1.8 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 43.7 years (±4.7) | 41.2 years (±0.6) | 38.1 years (±0.2) | 38.9 years |
Milan covers 2.0 square miles of land, about 976 residents per square mile (Census Bureau Gazetteer).
How Milan has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,040 (±283) | 1,942 (±315) | −4.8% | Not a measurable change |
| Housing units | 825 (±94) | 799 (±119) | −3.2% | Not a measurable change |
| Median gross rent | $770 (±$100) | $755 (±$221) | −1.9% | No measurable change after inflation |
| Median home value | $106,300 (±$13,226) | $157,400 (±$14,254) | +48.1% | Up after inflation |
| Median household income | $43,826 (±$8,499) | $59,286 (±$11,686) | +35.3% | No measurable change after inflation |
| Median owner cost with a mortgage | $976 (±$76) | $1,188 (±$150) | +21.7% | No measurable change after inflation |
| Median real estate taxes | $550 (±$90) | $835 (±$254) | +51.8% | No measurable change after inflation |
| Households that rent | 37.1% (±7.9 points) | 17.7% (±6.8 points) | −19.4 percentage points | Measurable decrease |
| Rental vacancy rate | 14.5% (±9.6 points) | 0.0% (±22.8 points) | −14.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Milan
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Moores Hill | 1.9 mi | $1,192 | $143,800 | 10.0% |
| Franklin Township (Ripley County) | 3.3 mi | $744 | $203,800 | 21.4% |
| Washington Township (Ripley County) | 3.5 mi | $1,646 | $222,600 | 10.1% |
| Sparta Township (Dearborn County) | 4.6 mi | $1,375 | $243,900 | 4.6% |
| Manchester Township | 6.1 mi | $1,129 | $265,500 | 5.2% |
| Sunman | 7.9 mi | $916 | $194,500 | 31.4% |
| Delaware Township (Ripley County) | 8.0 mi | $948 | $224,600 | 9.1% |
| Johnson Township (Ripley County) | 8.1 mi | $736 | $211,600 | 29.1% |
Places in Indiana most like Milan
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Adams Township (Parke County) | $748 | $147,500 | $61,190 | 24.9% |
| Greensboro Township | $705 | $150,700 | $56,111 | 12.2% |
| Colfax | $733 | $130,100 | $63,281 | 19.8% |
| Washington Township (Adams County) | $748 | $145,000 | $61,371 | 20.3% |
| Decatur | $820 | $142,800 | $58,646 | 23.4% |
| Brazil Township | $869 | $118,500 | $59,757 | 25.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Milan, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $788 | $805 | $1,053 | $1,363 | $1,384 |
HUD income limits for Milan, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $19,250 | $32,150 | $51,350 |
| 2 people | $22,000 | $36,700 | $58,750 |
| 3 people | $27,320 | $41,300 | $66,050 |
| 4 people | $33,000 | $45,850 | $73,350 |
| 5 people | $38,680 | $49,550 | $79,250 |
| 6 people | $44,360 | $53,200 | $85,150 |
| 7 people | $50,040 | $56,900 | $91,000 |
| 8 people | $55,720 | $60,550 | $96,900 |
These are the limits HUD sets for its housing programs in the Ripley County, IN, where HUD’s median family income for fiscal year 2026 is $91,200.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Milan
What is the average rent in Milan, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Milan is $755 (±$221) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How many renters are there in Milan?
Milan has an estimated 135 (±54) renting households, 17.7% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Milan?
The median household income in Milan is $59,286 (±$11,686) a year (2020–2024 American Community Survey).
What is the average home value in Milan, IN?
The Census Bureau publishes the median: $157,400 (±$14,254) for owner-occupied homes in Milan (2020–2024 American Community Survey).
What is the average mortgage payment in Milan?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Milan, IN is $1,188 (±$150) a month, including taxes, insurance and utilities.
How much are property taxes in Milan?
The median real estate tax paid by homeowners in Milan, IN is $835 (±$254) a year (2020–2024 American Community Survey).
Is Milan growing?
In Milan, the number of residents went from 2,040 in 2015–2019 to 1,942 in 2020–2024 (−4.8%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Milan town, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Milan town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Milan town, Indiana
- HUD Fair Market Rents, fiscal year 2027: Ripley County, IN
- HUD Income Limits, fiscal year 2026: Ripley County, IN
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Milan town, Indiana (place:49266, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .