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Advertise here →Milan, IL · Market Data
Milan, Illinois real estate market data.
Real estate market data for Milan, IL (Rock Island County) — Census median home value $120,300, county listing prices down about 5.3% over the past year.
Milan, IL is in Rock Island County, Illinois — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,037, with a median household income of $61,188. Census data puts Milan's median home value at $120,300 (all owner-occupied homes); Rock Island County's current median listing price runs $159,950, down about 5.3% over the past year.
At a glance
Milan market snapshot
Population
5,037
Median Household Income
$61,188
Median Home Value (city)
$120,300
Median Listing Price (Rock Island County)
$159,950
Median Gross Rent
$817/mo
Price Trend (YoY)
-5.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Milan different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Milan's median home value — across all owner-occupied homes, not just recent sales — at $120,300. Separately, Rock Island County's current median listing price (via Realtor.com data, 2026-06-01) runs $159,950. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Rock Island County's FHFA house price index shows a 3.19% annual change in 2025.
Population & Income
Milan has an estimated population of 5,037 and a median household income of $61,188, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Milan's Census-reported median home value works out to about 2.0x the area's median household income, and median gross rent runs roughly 16% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Milan FAQ
What are home values like in Milan, IL?
The Census Bureau's American Community Survey puts Milan's median home value at $120,300. Rock Island County's current median listing price runs $159,950, down about 5.3% over the past year.
What is the population of Milan, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Milan's population at approximately 5,037.
What's the median rent in Milan, IL?
The Census ACS estimates median gross rent in Milan at approximately $817 per month.
What is the median household income in Milan, IL?
Census ACS data puts the median household income in Milan at approximately $61,188.
Is the Milan housing market growing?
Rock Island County's FHFA house price index shows a 3.19% annual change in 2025.
Is Milan, IL affordable relative to income?
Census ACS data puts Milan's median home value at about 2.0 times the median household income, with median gross rent equal to roughly 16% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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