What is the median home price in Milan?

The median home price in Milan, Milan city, Tennessee is $123,100, which is 56% below the national average of 281,900 ($281,900).

Milan, Milan city, Tennessee has a violent crime rate of 2.5 per 1,000 residents, which is 31% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 4.0 per 1,000 residents.

What is the Walk Score for Milan?

Milan, Milan city, Tennessee has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 14/100.

What is the median household income in Milan?

The median household income in Milan, Milan city, Tennessee is $42,909, which is 42% below the national average of 74,580 ($74,580).

What is the average rent in Milan?

The median rent in Milan, Milan city, Tennessee is $726 per month. The national average median rent is $1,163/month.

What is the air quality in Milan?

Milan, Milan city, Tennessee has an Air Quality Index (AQI) of 43, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Milan?

The population of Milan, Milan city, Tennessee is approximately 8,165. The homeownership rate is 52.1% (national average: 65.9%).

What are the climate risks in Milan?

Milan, Milan city, Tennessee has an overall climate risk rating of "Relatively Low" with a risk score of 48.34. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

What is the unemployment rate in Milan?

The unemployment rate in Milan, Milan city, Tennessee is 4.9%. The national average unemployment rate is 3.7%. The poverty rate is 19.4% (national average: 12.4%).

Milan

Milan city, Tennessee

Affordable

About Milan

Milan, Tennessee, is a hidden gem for those seeking affordability and a slower pace of life, boasting a population of around 8,165 residents. If you're looking for a place where your dollar stretches further, look no further: the median home value here is a remarkable $123,100, a stark contrast to the national average. This translates to more home for your money, allowing you to enjoy a comfortable lifestyle without the financial strain of pricier locales. Milan provides a welcoming atmosphere, perfect for families, retirees, or anyone looking to escape the hustle and bustle of big city living.

From an investment perspective, Milan offers a compelling opportunity. While the median household income is $42,909, the low cost of living significantly enhances the quality of life for residents. The town is known for its safety and close-knit community feel. This area is ideally suited for first-time homebuyers, those seeking a peaceful retirement, or investors looking for properties with strong potential for appreciation. The affordability, combined with the community-focused environment, makes Milan an attractive option for those seeking a balance of comfort and value.

Milan, Tennessee at a Glance

Milan is a city in Milan city, Tennessee with a population of approximately 8,165. The median home value is $123,100 and the median household income is $42,909. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 2.5 per 1,000 residents, which is 31% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Low." Median rent is $726 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.