House Prices

House Prices & Home Values Milan, NM 2026


Average Data

average house price$105,000
average size per house1684 ft²
average price per ft²63 $ / ft²

05/21/2026 - The value range (VR) for house prices in Milan, NM is $62/ sqft to $62/ sqft. An average home with 1684 sqft costs approximately $104,408 to $104,408. Milan, NM includes 1 ZIP codes and it is located in Cibola county. The lowest prices are found in ZIP 87021, while the highest are in ZIP 87021. The average price per sqare feet is $63. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Milan

8702160 $ / ft²




Historical development of home values in Milan

Year Estimated value (USD) Change vs. 2025
2010 $48,764 -53.6%
2011 $46,878 -55.4%
2012 $46,752 -55.5%
2013 $48,499 -53.8%
2014 $50,911 -51.5%
2015 $53,524 -49.0%
2016 $56,317 -46.4%
2017 $59,357 -43.5%
2018 $62,638 -40.3%
2019 $65,543 -37.6%
2020 $68,931 -34.4%
2021 $78,402 -25.3%
2022 $91,399 -13.0%
2023 $96,384 -8.2%
2024 $101,960 -2.9%
2025 $105,000 0.0%

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



Example: 100% financing house in Milan

Loan amount: $105,000

Interest rate: 6.00%

Fixed monthly payment: $629.53

Breakdown in the 1st month:
Interest portion: $525.00  –  Principal portion: $104.53

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,264.92 $1,289.41 $103,710.59
2 $6,185.40 $1,368.94 $102,341.65
3 $6,100.96 $1,453.37 $100,888.27
4 $6,011.32 $1,543.01 $99,345.26
5 $5,916.15 $1,638.18 $97,707.07
6 $5,815.11 $1,739.22 $95,967.85
7 $5,707.84 $1,846.50 $94,121.36
8 $5,593.95 $1,960.38 $92,160.97
9 $5,473.04 $2,081.30 $90,079.68
10 $5,344.67 $2,209.67 $87,870.01
11 $5,208.38 $2,345.95 $85,524.06
12 $5,063.69 $2,490.65 $83,033.41
13 $4,910.07 $2,644.26 $80,389.15
14 $4,746.98 $2,807.36 $77,581.79
15 $4,573.83 $2,980.51 $74,601.29
16 $4,390.00 $3,164.34 $71,436.95
17 $4,194.83 $3,359.51 $68,077.44
18 $3,987.62 $3,566.71 $64,510.73
19 $3,767.63 $3,786.70 $60,724.02
20 $3,534.08 $4,020.26 $56,703.77
21 $3,286.12 $4,268.22 $52,435.55
22 $3,022.86 $4,531.47 $47,904.07
23 $2,743.37 $4,810.96 $43,093.11
24 $2,446.64 $5,107.69 $37,985.42
25 $2,131.61 $5,422.73 $32,562.69
26 $1,797.15 $5,757.19 $26,805.50
27 $1,442.06 $6,112.28 $20,693.23
28 $1,065.07 $6,489.27 $14,203.96
29 $664.82 $6,889.51 $7,314.44
30 $239.89 $7,314.44 $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, NM


1500 sqft3900 sqft
Ø selling price$114,346$243,244
Ø fast selling$103,951$218,919
Ø high price sale$124,741$267,568

In 2026, houses in Milan, NM will be offered at an average price of $63 per square foot. A 1,500 sqft home priced at $114,346 is 21.92% more expensive per square foot than a 3,900 sqft home priced at $243,244. Home prices in Milan, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $168,399. Sellers who can wait longer may achieve a higher price of up to $205,822.


Visit Milan, NM

Overview

Milan, NM is a welcoming village in Cibola County known for small-town charm and Southwestern scenery. Located next to Grants along Interstate 40 and historic Route 66, Milan, New Mexico offers easy access for road trippers and commuters.
The community grew with the mid-century uranium boom, and its heritage remains part of the local story. Visitors will find traveler-friendly services, lodging, and dining clustered near the highway corridor.

Outdoors and Climate

Outdoor enthusiasts use Milan as a base for exploring El Malpais National Monument, El Morro National Monument, and the surrounding high-desert trails. The climate features sunny days, cool nights, and four distinct seasons typical of the high New Mexican plateau.
Photographers appreciate wide-open skies, lava fields, sandstone bluffs, and vivid sunsets.

Living and Economy

Residents benefit from local schools and everyday services in Milan, with expanded shopping, healthcare, and employment options in nearby Grants. The economy includes service businesses, logistics tied to I-40, light industry, and a legacy of mining that informs area museums and community history.
With friendly neighborhoods, accessible transportation via I-40 and NM 605, and a relaxed pace, Milan, NM delivers an affordable, convenient base in west-central New Mexico.



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 $105,000 for an average home size of 1684 square feet. This corresponds to an average price of roughly $63 per square foot.

What is the average cost per square foot in Milan?

In 2026, homes in Milan sell for an average of around $63 per square foot, with a typical range between $62 and $62 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 1684 square feet, with an estimated 2026 value around $105,000.



Locations close to Milan, NM

Isleta, NM64 $ / ft²
Jarales, NM92 $ / ft²
Jemez Pueblo, NM117 $ / ft²
Grants, NM59 $ / ft²
Counselor, NM209 $ / ft²
Gallina, NM72 $ / ft²
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