Much like other places in this area, it's a lot less expensive compared to the rest of the country. Compared to the city of Albuquerque, it is a lot less expensive.
Home prices
The median home in Milan is valued at $75,000. This is is very similar in comparison to its surrounding areas.In comparison to the entire country it is approximately $142,500 (65%) lower, and compared to the city of Albuquerque it is approximately $123,200 (62%) lower.
Rents
The median monthly rent in Milan is $712. It is about $286 (67%) higher in comparison to its nearby areas.In comparison to the rest of the country it is roughly $350 (32%) lower, and is about $161 (18%) lower compared to the city of Albuquerque.
Nearby places
Grants
Grants is Milan's neighbor to the southeast. Its housing prices are somewhat more expensive. The price of the median home in Grants is $101,900, which comes out to $26,900 (26%) higher than Milan. The rent there is similar. The median monthly rent in Grants is $686, which comes out to $26 (3%) lower than Milan.
Thoreau
Thoreau is about 23 miles northwest of Milan. Real estate prices there are somewhat less expensive. Thoreau's median home value is $57,700, which works out to $17,300 (29%) lower than Milan. Rents there are a bit less expensive. Thoreau's median monthly rent is $674, which works out to $38 (5%) lower than Milan.
Paraje
Paraje is approximately 23 miles southeast of Milan. The housing prices there are a lot less expensive. The median home value in Paraje is $55,000, which comes out to $20,000 (36%) lower than Milan. The rent there is a lot less expensive. The median monthly rent in Paraje is $215, which works out to $497 (231%) lower than Milan.
Laguna
Laguna is approximately 26 miles southeast of Milan. The housing prices there are fairly similar. The cost of the median home in Laguna is $77,900, which comes out to $2,900 (3%) higher than Milan. Rents there are significantly less expensive. In Laguna the median rent is $336 per month, which is $376 (111%) lower than Milan.
Mesita
Mesita is roughly 30 miles southeast from Milan. The housing prices there are a bit more expensive. The median home in Mesita costs $79,400, which works out to $4,400 (5%) higher than Milan. Rents there are a lot less expensive. In Mesita the median monthly rent is $217, which comes out to $495 (228%) lower than Milan.
