Milan

Located in Erie County, this small Ohio village of 1,591 residents carries a notably high median home price of $649,900, with prices averaging $405 per square foot across an average home size of 1,604 square feet. With only one active listing currently on the market, inventory is extremely tight, which likely reflects both the area's desirability and the limited housing stock typical of smaller communities. The owner-occupancy rate of 77.1% points to a stable, predominantly owner-driven market rather than one shaped by rental investment activity. Households here earn a median income of $95,566, suggesting relatively strong purchasing power among residents. Families with children are served by the Edison Local School District. The combination of scarce inventory and elevated pricing indicates that buyers entering this market should be prepared to act decisively, as competition for available properties can be significant when new listings do appear.

Market description generated from current MLS and U.S. Census data.