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Milan city, MO

ZIP 63556 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 63556

Median Home Value
$118,500
Median Rent
$466
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$761/mo PITI).

10%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.2 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 63556 in Milan city, MO, a household would need roughly $33,000 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 $761. That sits below the local median household income ($55,791), 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 30% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
68.4%+5% vs US avg
x
Vacancy Rate
29.7%+189% vs US avg
x
Broadband Access
79.9%-8% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
11.4%-11% vs US avg
x
Built Post-2014
1.3%-82% vs US avg
x
Rent Burden >30%
11.3%-77% vs US avg
x
Mortgage-Free
44.5%+17% vs US avg
x
$118,500
Home Value
$466
Rent
1969
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached73.9%
  • 1-unit attached3.7%
  • 2-9 units11.0%
  • 10+ units2.4%
  • Mobile home & other8.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$118,500
Median rent$466
Owner-occupied68.4%
Vacant29.7%
Price-to-income2.1x
Est. income to buy$33,000