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Milan, TN
Full City Profile · Tennessee · Gibson County County
2.8
/5.0
C+
Fair
8,194
Population
916/sq mi density
$45,608
Median Income
$25,513 per capita
$121,400
Home Value
$178,503 Zillow
$802
Median Rent
31.4% income on rent
60°F
Avg Temperature
301 sunny days/yr
552
Violent Crime/100K
2,548 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$45,608 median income, 3.4% unemployment
A+
Affordability
5.0 / 5.0
$121,400 home value, $802/mo rent
F
Safety
1.0 / 5.0
552 violent crimes/100K (45% above avg)
C
Education
2.1 / 5.0
13.5% bachelor's degree or higher
Housing Overview
Median Home Value
$121,400
57% below
US avg: $281,900
Median Rent
$802/mo
31% below
US avg: $1,163/mo
Homeownership Rate
51.9%
21% below US avg (65.4%)
Total Housing Units
3,466
Median year built: 1975
Home Value by Source
Census Median
$121,400
Zillow (ZHVI)
$178,503
Median Sale Price
$199,900
Median List Price
$184,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
51.9%
Owner-Occupied
48.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$802/mo
Market Indicators (Redfin)
Median Days on Market
65 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
14.8%
of listings with price reduction
Price Per Sq Ft
$151
Active Inventory
27
homes for sale
Affordability & Housing Stock
Rent Burden
31.4%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
51.9%
Complete Housing Data
Home Values
| Census Median Value | $121,400 |
| Zillow Home Value (ZHVI) | $178,503 |
| Median Sale Price | $199,900 |
| Median List Price | $184,450 |
| Price Per Sq Ft | $151 |
Rent
| Census Median Rent | $802 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
| Days on Market | 65 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.8% |
| Homes Sold | 7 |
| Active Inventory | 27 |
| Price Per Sq Ft | $151 |
Ownership & Stock
| Owner-Occupied | 51.9% |
| Renter-Occupied | 48.1% |
| Homeownership Rate | 51.9% |
| Total Housing Units | 3,466 |
| Median Year Built | 1975 |
| Rent Burden | 31.4% |