The median home in Milan, Michigan is valued at $292,544, up 3.5% year over year. Milan is part of the Ann Arbor, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Ann Arbor, MI stress score, crash risk, and 12-month forecast →

Home Value$292,544

+3.5%

AFFORDABILITY

Enter your income for Milan.

Income (annual)

Down Payment

$58,509 on $292,544

Stretch — 31.8% of income

Above 28% but manageable with cuts.

PITI$1,988

P/I31.8%

Afford$258K

Gap-$35K

P&I $1,479Tax $375Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Milan with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Ann Arbor, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Ann Arbor, MI metro.

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MILAN, MI