Much like other places in this area, it's significantly less expensive compared to the entire nation. Compared to the city of Memphis, it's close to average.
Home prices
The median home in Milan is valued at $106,000. It is approximately $3,820 (3%) higher compared to other places in this area.It is approximately $111,500 (51%) lower in comparison to the entire nation, and is approximately $4,200 (4%) higher compared to the city of Memphis.
Rents
In Milan the median rent is $678 a month. This is approximately $86 (11%) lower in comparison to other places in this area.In comparison to the country as a whole it is about $384 (36%) lower, and compared to the city of Memphis is approximately $223 (24%) lower.
Nearby places
Gibson
Gibson is about 5 miles southwest from Milan. The real estate prices there are a little more expensive. The median home in Gibson costs $112,500, which is $6,500 (5%) higher than Milan. Rent there is a bit more expensive. In Gibson the median monthly rent is $890, which is $212 (23%) higher than Milan.
Atwood
Atwood is about 6 miles northeast of Milan. The housing prices there are a lot less expensive. The median home price in Atwood is $70,300, which works out to $35,700 (50%) lower than Milan. Its rents are a little less expensive. The median rent in Atwood is $625 a month, which comes out to $53 (8%) lower than Milan.
Medina
Medina is roughly 7 miles south of Milan. The real estate prices there are a lot more expensive. The median home in Medina is valued at $180,600, which is $74,600 (41%) higher than Milan. Rents there are a little more expensive. In Medina the median monthly rent is $975, which comes out to $297 (30%) higher than Milan.
Humboldt
Humboldt is roughly 9 miles southwest of Milan. The real estate prices there are somewhat less expensive. The price of the median home in Humboldt is $81,900, which comes out to $24,100 (29%) lower than Milan. Its rents are fairly similar. In Humboldt the median monthly rent is $684, which is very similar to Milan.
Trezevant
Trezevant is about 9 miles northeast from Milan. The real estate prices there are substantially less expensive. The median home in Trezevant is valued at $65,600, which comes out to $40,400 (61%) lower than Milan. Its rents are a little less expensive. The median monthly rent in Trezevant is $645, which works out to $33 (5%) lower than Milan.
