House Prices

House Prices & Home Values Milan, MI 2026


Average Data

average house price$303,156
average size per house1803 ft²
average price per ft²169 $ / ft²

04/05/2026 - The value range (VR) for house prices in Milan, MI is $164/ sqft to $164/ sqft. An average home with 1803 sqft costs approximately $295,692 to $295,692. Milan, MI includes 1 ZIP codes and it is located in Washtenaw county. The lowest prices are found in ZIP 48160, while the highest are in ZIP 48160. The average price per sqare feet is $169. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Milan

48160151 $ / ft²




Historical development of home values in Milan

Year Estimated value (USD) Change vs. 2025
2010 $140,791 -53.6%
2011 $135,347 -55.4%
2012 $134,982 -55.5%
2013 $140,028 -53.8%
2014 $146,990 -51.5%
2015 $154,534 -49.0%
2016 $162,599 -46.4%
2017 $171,375 -43.5%
2018 $180,850 -40.3%
2019 $189,236 -37.6%
2020 $199,018 -34.4%
2021 $226,362 -25.3%
2022 $263,887 -13.0%
2023 $278,281 -8.2%
2024 $294,380 -2.9%
2025 $303,156 0.0%

Graph: estimated home values in Milan over time (USD)



Example: 100% financing house in Milan

Loan amount: $303,156

Interest rate: 6.00%

Fixed monthly payment: $1,817.57

Breakdown in the 1st month:
Interest portion: $1,515.78  –  Principal portion: $301.79

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $18,088.09 $3,722.79 $299,433.21
2 $17,858.48 $3,952.40 $295,480.80
3 $17,614.70 $4,196.18 $291,284.62
4 $17,355.89 $4,454.99 $286,829.63
5 $17,081.11 $4,729.77 $282,099.87
6 $16,789.39 $5,021.49 $277,078.38
7 $16,479.68 $5,331.20 $271,747.18
8 $16,150.86 $5,660.02 $266,087.16
9 $15,801.76 $6,009.12 $260,078.04
10 $15,431.14 $6,379.75 $253,698.30
11 $15,037.65 $6,773.23 $246,925.06
12 $14,619.89 $7,190.99 $239,734.07
13 $14,176.36 $7,634.52 $232,099.55
14 $13,705.48 $8,105.40 $223,994.16
15 $13,205.56 $8,605.32 $215,388.83
16 $12,674.80 $9,136.08 $206,252.76
17 $12,111.31 $9,699.57 $196,553.19
18 $11,513.06 $10,297.82 $186,255.37
19 $10,877.91 $10,932.97 $175,322.40
20 $10,203.59 $11,607.29 $163,715.11
21 $9,487.68 $12,323.20 $151,391.91
22 $8,727.61 $13,083.27 $138,308.64
23 $7,920.67 $13,890.22 $124,418.43
24 $7,063.95 $14,746.93 $109,671.49
25 $6,154.39 $15,656.49 $94,015.00
26 $5,188.73 $16,622.15 $77,392.85
27 $4,163.51 $17,647.37 $59,745.48
28 $3,075.06 $18,735.82 $41,009.67
29 $1,919.48 $19,891.40 $21,118.26
30 $692.62 $21,118.26 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Milan, MI


1500 sqft3900 sqft
Ø selling price$306,735$652,509
Ø fast selling$278,850$587,259
Ø high price sale$334,620$717,760

In 2026, houses in Milan, MI will be offered at an average price of $169 per square foot. A 1,500 sqft home priced at $306,735 is 21.16% more expensive per square foot than a 3,900 sqft home priced at $652,509. Home prices in Milan, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $451,738. Sellers who can wait longer may achieve a higher price of up to $552,124.


Discover Milan, MI

Located in southeastern Michigan, Milan, MI blends small-town warmth with easy access to bigger cities. The city spans both Washtenaw and Monroe counties along the Saline River, creating a scenic setting for residents and visitors. With quick connections via US?23, commuters reach Ann Arbor and Toledo in under an hour.

Downtown and Events

Charming downtown Milan features historic storefronts, local boutiques, and cozy restaurants that anchor community life. Annual events like the Milan Fair and summer concerts draw crowds to Main Street and Wilson Park.
Nearby attractions such as Milan Dragway and area farms add to the region?s unique character.

Outdoor Recreation

Outdoor lovers enjoy trails, playgrounds, and river views in city parks like Wilson Park along the Saline River. Family-friendly amenities, from youth sports to seasonal festivals, reinforce Milan?s strong community spirit.

Schools and Housing

The Milan Area Schools district and a range of housing options make Milan Michigan real estate attractive to first-time buyers and growing families.
Whether you?re planning a day trip or a move, ZIP code 48160 offers an affordable, convenient, and genuinely welcoming place to call home.



FAQ – Home Values in Milan

What is the median home value in Milan in 2026?

In 2026, the typical home value in Milan is about $303,156 for an average home size of 1803 square feet. This corresponds to an average price of roughly $169 per square foot.

What is the average cost per square foot in Milan?

In 2026, homes in Milan sell for an average of around $169 per square foot, with a typical range between $164 and $164 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Milan is about 1803 square feet, with an estimated 2026 value around $303,156.



Locations close to Milan, MI

Monroe, MI98 $ / ft²
New Boston, MI147 $ / ft²
New Hudson, MI155 $ / ft²
Maybee, MI138 $ / ft²
Manchester, MI179 $ / ft²
Luna Pier, MI143 $ / ft²
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