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Milan, IN
Full City Profile · Indiana · Ripley County County
2.8
/5.0
C+
Fair
1,775
Population
892/sq mi density
$54,688
Median Income
$26,015 per capita
$136,400
Home Value
$264,275 Zillow
$906
Median Rent
24.1% income on rent
51°F
Avg Temperature
297 sunny days/yr
188
Violent Crime/100K
3,404 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$54,688 median income, 1.3% unemployment
A+
Affordability
5.0 / 5.0
$136,400 home value, $906/mo rent
F
Safety
1.0 / 5.0
188 violent crimes/100K
D
Education
1.7 / 5.0
8.8% bachelor's degree or higher
Housing Overview
Median Home Value
$136,400
52% below
US avg: $281,900
Median Rent
$906/mo
22% below
US avg: $1,163/mo
Homeownership Rate
78.2%
20% above US avg (65.4%)
Total Housing Units
756
Median year built: 1965
Home Value by Source
Census Median
$136,400
Zillow (ZHVI)
$264,275
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
78.2%
Owner-Occupied
21.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$906/mo
Affordability & Housing Stock
Rent Burden
24.1%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
78.2%
Complete Housing Data
Home Values
| Census Median Value | $136,400 |
| Zillow Home Value (ZHVI) | $264,275 |
Rent
| Census Median Rent | $906 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 78.2% |
| Renter-Occupied | 21.8% |
| Homeownership Rate | 78.2% |
| Total Housing Units | 756 |
| Median Year Built | 1965 |
| Rent Burden | 24.1% |