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market report · 47031
Milan, IN · 47031
7 active listings$249,900 median ask$2,557 est. rent1% price/rent
$249,900
Median list price
$2,557/mo
Estimated rent
1%
Price / rent ratio
7
Listings
FHFA home price index · 2016–2025
115.1% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.19
Median rent / sqft
6 comps
$154.71
Median sold / sqft
6 comps
—
Walkability
3.2%
Area unemployment
BLS LAUS
Median household income $70,575 · median home value $195,600 · ACS 2024.
Natural-hazard risk Relatively High (FEMA NRI score 96).
4 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
525 W Ellis St, Milan, IN 47031
Milan, IN
$249,900$2,544/mo1%
13932 Burns Rd, Sunman, IN 47031
Sunman, IN
$187,000$1,870/mo1%
300 S Ellsworth St, Milan, IN 47031
Milan, IN
$229,900$2,000/mo0.9%
5481 N State Road 101, Milan, IN 47031
Milan, IN
$379,900$2,911/mo0.8%
2008 E County Road 450, Milan, IN 47031
Milan, IN
$475,000$2,570/mo0.5%
12567 White Plains Rd, Milan, IN 47031
Milan, IN
$649,000$2,781/mo0.4%