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Milan city, MI

ZIP 48160 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48160

Median Home Value
$251,800
Median Rent
$970
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,617/mo PITI).

12%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.6 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 48160 in Milan city, MI, a household would need roughly $69,000 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 $1,617. That sits below the local median household income ($99,383), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
81.7%+25% vs US avg
x
Vacancy Rate
5.3%-49% vs US avg
x
Broadband Access
89.2%+2% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
9.5%-26% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
28.3%-43% vs US avg
x
Mortgage-Free
31.8%-17% vs US avg
x
$251,800
Home Value
$970
Rent
1972
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached80.4%
  • 1-unit attached5.5%
  • 2-9 units5.4%
  • 10+ units6.2%
  • Mobile home & other2.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$251,800
Median rent$970
Owner-occupied81.7%
Vacant5.3%
Price-to-income2.5x
Est. income to buy$69,000