| Milan, IL | |
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| State | Illinois |
| Population | 5,056 |
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Similar to its nearby areas, it is a lot less expensive compared to the rest of the nation. However it's a little less expensive compared to the city of Peoria.
Milan's median home value is $108,300. It is about $1,460 (1%) higher compared to nearby areas.It is about $109,200 (50%) lower compared to the rest of the nation, and is about $17,400 (13%) lower compared to the city of Peoria.
In Milan the median monthly rent is $758. In comparison to its surrounding areas this is roughly $86 (10%) lower.Compared to the United States as a whole it is roughly $304 (28%) lower, and in comparison to the city of Peoria is about $48 (5%) lower.
Oak Grove is Milan's neighbor to the south. Real estate prices there are significantly less expensive. The cost of the median home in Oak Grove is $9,999, which works out to $98,301 (983%) lower than Milan. Its rents are pretty similar. In Oak Grove the median monthly rent is $775, which comes out to $17 (2%) higher than Milan.
Rock Island is Milan's neighbor to the northwest. The real estate prices there are pretty similar. The median home cost in Rock Island is $104,600, which comes out to $3,700 (3%) lower than Milan. Rent there is fairly similar. Rock Island's median rent is $729 a month, which works out to $29 (3%) lower than Milan.
Moline is Milan's neighbor to the northeast. Its real estate prices are somewhat more expensive. The median home cost in Moline is $119,500, which is $11,200 (9%) higher than Milan. Rent there is fairly similar. Moline's median rent is $770 a month, which comes out to $12 (1%) higher than Milan.
Coal Valley is roughly 5 miles east of Milan. Its real estate prices are significantly more expensive. The median home in Coal Valley is valued at $164,400, which is $56,100 (34%) higher than Milan. Rent there is a lot more expensive. In Coal Valley the median rent is $1,137 per month, which is $379 (33%) higher than Milan.
Andalusia is roughly 6 miles west from Milan. Its real estate prices are somewhat more expensive. The median home in Andalusia costs $135,700, which is $27,400 (20%) higher than Milan. The rent there is somewhat more expensive. In Andalusia the median rent is $808 per month, which is $50 (6%) higher than Milan.