House Prices

House Prices & Home Values Milan, MN 2026


Average Data

average house price$117,563
average size per house1804 ft²
average price per ft²66 $ / ft²

04/15/2026 - The value range (VR) for house prices in Milan, MN is $64/ sqft to $64/ sqft. An average home with 1804 sqft costs approximately $115,456 to $115,456. Milan, MN includes 1 ZIP codes and it is located in Chippewa county. The lowest prices are found in ZIP 56262, while the highest are in ZIP 56262. The average price per sqare feet is $66. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Milan

5626265 $ / ft²




Historical development of home values in Milan

Year Estimated value (USD) Change vs. 2025
2010 $54,598 -53.6%
2011 $52,487 -55.4%
2012 $52,346 -55.5%
2013 $54,302 -53.8%
2014 $57,002 -51.5%
2015 $59,928 -49.0%
2016 $63,055 -46.4%
2017 $66,459 -43.5%
2018 $70,133 -40.3%
2019 $73,385 -37.6%
2020 $77,179 -34.4%
2021 $87,782 -25.3%
2022 $102,335 -13.0%
2023 $107,917 -8.2%
2024 $114,160 -2.9%
2025 $117,563 0.0%

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



Example: 100% financing house in Milan

Loan amount: $117,563

Interest rate: 6.00%

Fixed monthly payment: $704.85

Breakdown in the 1st month:
Interest portion: $587.82  –  Principal portion: $117.03

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,014.51 $1,443.69 $116,119.31
2 $6,925.46 $1,532.73 $114,586.58
3 $6,830.93 $1,627.27 $112,959.32
4 $6,730.56 $1,727.63 $111,231.68
5 $6,624.01 $1,834.19 $109,397.49
6 $6,510.88 $1,947.32 $107,450.18
7 $6,390.77 $2,067.42 $105,382.75
8 $6,263.26 $2,194.94 $103,187.81
9 $6,127.88 $2,330.32 $100,857.50
10 $5,984.15 $2,474.05 $98,383.45
11 $5,831.55 $2,626.64 $95,756.81
12 $5,669.55 $2,788.65 $92,968.16
13 $5,497.55 $2,960.64 $90,007.52
14 $5,314.95 $3,143.25 $86,864.27
15 $5,121.08 $3,337.12 $83,527.15
16 $4,915.25 $3,542.94 $79,984.21
17 $4,696.73 $3,761.47 $76,222.74
18 $4,464.73 $3,993.46 $72,229.28
19 $4,218.42 $4,239.77 $67,989.51
20 $3,956.92 $4,501.27 $63,488.24
21 $3,679.29 $4,778.90 $58,709.34
22 $3,384.54 $5,073.65 $53,635.68
23 $3,071.61 $5,386.58 $48,249.10
24 $2,739.38 $5,718.82 $42,530.28
25 $2,386.65 $6,071.54 $36,458.74
26 $2,012.17 $6,446.02 $30,012.72
27 $1,614.60 $6,843.60 $23,169.12
28 $1,192.50 $7,265.70 $15,903.43
29 $744.37 $7,713.83 $8,189.60
30 $268.60 $8,189.60 $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, MN


1500 sqft3900 sqft
Ø selling price$119,791$254,827
Ø fast selling$108,901$229,344
Ø high price sale$130,681$280,309

In 2026, houses in Milan, MN will be offered at an average price of $66 per square foot. A 1,500 sqft home priced at $119,791 is 23.18% more expensive per square foot than a 3,900 sqft home priced at $254,827. Home prices in Milan, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $176,418. Sellers who can wait longer may achieve a higher price of up to $215,623.

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 $117,563 for an average home size of 1804 square feet. This corresponds to an average price of roughly $66 per square foot.

What is the average cost per square foot in Milan?

In 2026, homes in Milan sell for an average of around $66 per square foot, with a typical range between $64 and $64 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 1804 square feet, with an estimated 2026 value around $117,563.



Locations close to Milan, MN

Milroy, MN90 $ / ft²
Minneota, MN112 $ / ft²
Montevideo, MN90 $ / ft²
Maynard, MN124 $ / ft²
Marshall, MN107 $ / ft²
Marietta, MN83 $ / ft²
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