House Prices

House Prices & Home Values Milan, TN 2026


Average Data

average house price$191,929
average size per house2113 ft²
average price per ft²91 $ / ft²

04/17/2026 - The value range (VR) for house prices in Milan, TN is $98/ sqft to $98/ sqft. An average home with 2113 sqft costs approximately $207,074 to $207,074. Milan, TN includes 1 ZIP codes and it is located in Gibson county. The lowest prices are found in ZIP 38358, while the highest are in ZIP 38358. The average price per sqare feet is $91. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Milan

38358101 $ / ft²




Historical development of home values in Milan

Year Estimated value (USD) Change vs. 2025
2010 $89,135 -53.6%
2011 $85,688 -55.4%
2012 $85,458 -55.5%
2013 $88,652 -53.8%
2014 $93,060 -51.5%
2015 $97,836 -49.0%
2016 $102,942 -46.4%
2017 $108,498 -43.5%
2018 $114,497 -40.3%
2019 $119,806 -37.6%
2020 $125,999 -34.4%
2021 $143,310 -25.3%
2022 $167,068 -13.0%
2023 $176,181 -8.2%
2024 $186,373 -2.9%
2025 $191,929 0.0%

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



Example: 100% financing house in Milan

Loan amount: $191,929

Interest rate: 6.00%

Fixed monthly payment: $1,150.71

Breakdown in the 1st month:
Interest portion: $959.65  –  Principal portion: $191.07

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,451.63 $2,356.91 $189,572.09
2 $11,306.26 $2,502.28 $187,069.81
3 $11,151.92 $2,656.61 $184,413.19
4 $10,988.07 $2,820.47 $181,592.73
5 $10,814.11 $2,994.43 $178,598.30
6 $10,629.42 $3,179.12 $175,419.18
7 $10,433.34 $3,375.20 $172,043.98
8 $10,225.16 $3,583.38 $168,460.60
9 $10,004.15 $3,804.39 $164,656.21
10 $9,769.50 $4,039.04 $160,617.18
11 $9,520.38 $4,288.16 $156,329.02
12 $9,255.90 $4,552.64 $151,776.38
13 $8,975.10 $4,833.44 $146,942.94
14 $8,676.98 $5,131.55 $141,811.39
15 $8,360.48 $5,448.06 $136,363.34
16 $8,024.46 $5,784.08 $130,579.26
17 $7,667.71 $6,140.83 $124,438.43
18 $7,288.95 $6,519.58 $117,918.85
19 $6,886.84 $6,921.69 $110,997.15
20 $6,459.93 $7,348.61 $103,648.54
21 $6,006.68 $7,801.86 $95,846.69
22 $5,525.48 $8,283.06 $87,563.63
23 $5,014.60 $8,793.94 $78,769.69
24 $4,472.21 $9,336.33 $69,433.36
25 $3,896.36 $9,912.17 $59,521.19
26 $3,285.00 $10,523.53 $48,997.65
27 $2,635.93 $11,172.60 $37,825.05
28 $1,946.83 $11,861.70 $25,963.35
29 $1,215.23 $12,593.31 $13,370.04
30 $438.50 $13,370.04 $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, TN


1500 sqft3900 sqft
Ø selling price$165,165$351,351
Ø fast selling$150,150$316,216
Ø high price sale$180,180$386,487

In 2026, houses in Milan, TN will be offered at an average price of $91 per square foot. A 1,500 sqft home priced at $165,165 is 23.53% more expensive per square foot than a 3,900 sqft home priced at $351,351. Home prices in Milan, TN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $243,244. Sellers who can wait longer may achieve a higher price of up to $297,297.


Discover Milan, TN

Milan, TN, in Gibson County, is a welcoming West Tennessee city known for small-town charm and convenient access to larger hubs.

Location, Community, and Lifestyle

Families value the strong public schools, community parks, and seasonal festivals that highlight local music, food, and artisans.
The cost of living in Milan is competitive, with affordable homes, quiet neighborhoods, and room to grow for first-time buyers.
Historic downtown features locally owned shops and restaurants that celebrate Southern flavors and friendly service.

Economy, Things to Do, and Access

Milan?s economy blends manufacturing, agriculture, and logistics, supported by proximity to US 45E and US 79 for regional distribution.
Major employers and nearby industries tap a skilled workforce, while entrepreneurs find opportunities in retail, services, and light industrial space.
Outdoor enthusiasts enjoy nearby lakes, walking trails, and youth sports, with quick trips to Jackson and Memphis for big-city entertainment.

The city?s rich heritage includes rail roots and the historic Milan Army Ammunition Plant, showcased alongside the West Tennessee Agricultural Museum.
Education and innovation thrive through partnerships with regional colleges and the UT AgResearch and Education Center at Milan.
Whether you?re relocating or visiting, Milan, TN offers a safe, connected, and affordable lifestyle in the heart of West Tennessee.



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 $191,929 for an average home size of 2113 square feet. This corresponds to an average price of roughly $91 per square foot.

What is the average cost per square foot in Milan?

In 2026, homes in Milan sell for an average of around $91 per square foot, with a typical range between $98 and $98 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 2113 square feet, with an estimated 2026 value around $191,929.



Locations close to Milan, TN

Milledgeville, TN105 $ / ft²
Morris Chapel, TN340 $ / ft²
Oakfield, TN96 $ / ft²
Michie, TN189 $ / ft²
Medon, TN107 $ / ft²
Medina, TN113 $ / ft²
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