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Milan city, TN

ZIP 38358 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38358

Median Home Value
$157,900
Median Rent
$556
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,014/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38358 in Milan city, TN, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,014. That sits below the local median household income ($65,537), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.5%-3% vs US avg
x
Vacancy Rate
11.0%+7% vs US avg
x
Broadband Access
90.9%+5% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
19.5%-61% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$157,900
Home Value
$556
Rent
1976
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.4%
  • 1-unit attached1.6%
  • 2-9 units16.6%
  • 10+ units2.0%
  • Mobile home & other7.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$157,900
Median rent$556
Owner-occupied63.5%
Vacant11.0%
Price-to-income2.4x
Est. income to buy$43,000