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City · 5,034 residents · Rock Island County, Illinois

Milan , Illinois

In Milan, a typical home is worth $119,300 and typical rent is $963 a month. Compared with all of Rock Island County, the typical home value is 21% lower and typical rent is 8% higher.

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  • Typical home value

    $119,300

    21% below the county

    55% below Illinois

    • Milan
    • Rock Island
    • Illinois

  • Typical rent

    $963a month

    8% above the county

    24% below Illinois

    • Milan
    • Rock Island
    • Illinois

  • Typical household income

    $62,597a year

    7% below the county

    25% below Illinois

    • Milan
    • Rock Island
    • Illinois

  • Households that own their home

    66%

    4 points below the county

    1 points below Illinois

    • Milan
    • Rock Island
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$191,397
6.3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Milan is in Rock Island County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Rock Island County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Milan apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Milan is worth $119,300, 21% less than in Rock Island County as a whole ($150,400).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Milan

What homes there are in Milan, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Milan (62%), but less so than in Rock Island County (70%).

In Milan there are many mobile homes: 11% of homes; in Rock Island County, 3%.

Year built

Here half of the homes date from 1967 or later; in Rock Island County, from 1962 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,056), about 56% of rented homes in Milan cost less.

With a mortgage

$1,255 a month

Rock Island County: $1,360 a month

Without a mortgage

$549 a month

Rock Island County: $614 a month

Owners with a mortgage

57%

Rock Island County: 58%

In Milan, 57% of owners have a mortgage, and their typical cost is $1,255 a month, against $1,360 in Rock Island County. Without one it drops to $549.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, home values in Milan moved so little that the Census cannot say whether they rose or fell.

Rent in Milan moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMilanRock Island CountyIllinoisUnited States
Rental vacancy Unreliable estimate6.4%5.0%5.5%
Homeowner vacancy Unreliable estimate0.7%1.0%0.9%
More than one person per room Unreliable estimate1.7%2.5%3.4%
People per household 1.962.232.462.53
Drive alone 72%77%66%69%
Carpool Unreliable estimate9%8%9%
Public transit Unreliable estimate1%6%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 7%9%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 1.96 on average, against 2.23 in Rock Island County.

To get to work, 72% of workers in Milan drive alone; in Rock Island County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Milan?

A typical home is within reach of the typical income

We start with a typical home in Milan, worth $119,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 22% of the typical household income in Milan, which is $62,597 a year.

The calculator's FHA and conventional loan limits are those of all of Rock Island County.

Your numbers

Local data
$

Starts at the typical home value in Milan. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,176 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,123

at 7.18% · 30 years

Loan amount
$117,139
Total interest
$168,535
Paid off in
November 2056

Includes $2,015 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,461 a month

    Your payment · 22%

  • Tight

    $1,461 to $1,878 a month

  • Hard

    more than $1,878 a month

Compared with the typical household income in Milan ($62,597 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,123
Principal & interest$794
Property tax$227
Home insurance$50
FHA mortgage insurance (MIP)$53

You need at least $4,176 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Milan and Rock Island County

Milan is in Rock Island County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Milan's own numbers

Typical home value
$119,300
Typical monthly rent
$963
Typical yearly household income
$62,597
Households that own their home
66%
Effective property tax rate
2.28%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Rock Island County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,056
Price change over 5 years (FHFA)
+40%
Homes in a high flood-risk zone
4.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Rock Island County.

Everything about Rock Island County

Buying

Buying a home in Milan

A typical home in Milan is worth $119,300: 21% below the county and 55% below Illinois. With the typical household income in Milan ($62,597 a year), a typical home costs 1.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Milan 1.9 years
  • Rock Island 2.2 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Rock Island County

According to FHFA’s house price index, home prices in Rock Island County rose 53% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Rock Island County.

Period County Illinois U.S.
Last year (2025) +3.2% +5.7% +2.9%
5 years (2020–2025) +40% +47% +47%
10 years (2015–2025) +53% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Milan next to Rock Island County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Milan $119,300
  • Rock Island $150,400
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Milan $963
  • Rock Island $889
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Milan $62,597
  • Rock Island $67,159
  • Illinois $83,390
  • United States $80,734
See the full table
Milan next to Rock Island County and Illinois
Measure Milan Rock Island County Illinois U.S.
Typical home value $119,300 $150,400 $263,300 $332,700
Typical monthly rent $963 $889 $1,274 $1,413
Typical yearly household income $62,597 $67,159 $83,390 $80,734
Households that own their home 66% 70% 67% 65%
Typical yearly property tax $2,716 $3,425 $5,298 $3,119
Effective property tax rate 2.28% 2.28% 2.01% 0.94%
Renters with high rent for their income 43% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Rock Island County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Milan

For a typical $119,300 home in Milan, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Milan's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,123a month

    Least cash to close
    Down payment
    $4,176
    Cash to close
    $7,755
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $53

  • Conventional, 5% down $1,101a month

    Down payment
    $5,965
    Cash to close
    $9,544
    Rate
    7.18%
    Mortgage insurance
    PMI · $57

  • Conventional, 20% down, no PMI $923a month

    Down payment
    $23,860
    Cash to close
    $27,439
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,033a month

    Down payment
    $17,895
    Cash to close
    $21,474
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Milan and for Rock Island County.

Property tax

Effective rate in Milan

2.28%of the home’s value each year

$2,716 a year for the typical owner in Milan.

  • Milan 2.28%
  • Rock Island 2.28%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Rock Island County

FEMA does not publish these numbers by city: they are for all of Rock Island County.

Homes in the high-risk zone
4.9%
2,585
Of those, with NFIP insurance
24%
County Illinois U.S.
Homes in the high-risk zone 4.9% 1.5% 3.5%
Of those, with NFIP insurance 24% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Milan

Typical rent in Milan is $963 a month: 8% above the county. In Milan, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Rock Island County, by unit size. To pay the 2-bedroom one ($1,056 a month) without spending more than 30% of your income, you would need to earn $20.31 an hour working full time.

HUD fair market rent for all of Rock Island County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $787 $15.13 $31,480
1 bedroom $852 $16.38 $34,080
2 bedrooms $1,056 $20.31 $42,240
3 bedrooms $1,396 $26.85 $55,840
4 bedrooms $1,697 $32.63 $67,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Milan

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Milan is in ZIP code 61264.

For 2 bedrooms it is $1,150: $94 more than the fair market rent for Rock Island County ($1,056).

  • 61264 $1,150$1,520

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Milan when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Milan

HUD lists 4 buildings with rents for lower incomes in Milan. These are the largest.

  • Langman Apts. 2301 1st St E, Milan 61264 100 low-income homes · For older adults (309) 787-3063
  • William Young Homes II 521 4th Ave E, Milan 61264 100 homes, 96 low-income · Run by Grtr Metro. Area Hsng Auth of Rock Island County · Average payment: $471 a month · Average wait: 18 months (309) 755-4527
  • Village Woods Apts 300 20th Ave W, Milan 61264 96 homes, 72 low-income · 1 bd: 4 · 2 bd: 64 · 3 bd: 4 · In service since 1997
  • Milan Manor 2000 4th St W, Milan 61264 72 low-income homes · For families (309) 787-7070

See all 48 buildings in Rock Island County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Milan

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Rock Island County; none says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Milan

No down payment, repair or rent-help program on our list is for Milan or Rock Island County. The ones below are statewide in Illinois: they work in Milan the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Milan

The HUD-approved agencies closest to the center of Milan, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Economic Growth Corporation

    371 3rd St W, Milan · 1 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (309) 788-6311

  • Metec

    2605 W Krause Ave, Peoria · 72 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (309) 676-3832

  • Navicore Solutions- Peoria, IL

    416 Main St, Peoria · 72 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (866) 472-4557

Every agency in Rock Island County All counseling agencies in Illinois

Help in Spanish near Milan

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Milan

HUD’s record names them for Milan or Rock Island County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Grtr Metro. Area Hsng Auth of Rock Island County Public housing and Section 8 vouchers (309) 755-4527

2 other authorities have an office in Rock Island County: see the list Source: HUD

Cities

Other cities in Rock Island County

These cities are also in Rock Island County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Rock Island County Housing in Illinois

Nearby cities

The cities closest to Milan, with the typical home value.

Neighboring counties

If Rock Island County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Milan.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Milan

Short answers with the numbers for Milan and all of Rock Island County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Milan?

The typical home value in Milan is $119,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Rock Island County it is $150,400.

How much does it cost to rent in Milan?

Typical rent in Milan is $963 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Rock Island County is $1,056.

What is the FHA loan limit in Milan?

Milan uses the FHA limit for all of Rock Island County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Milan?

The typical homeowner in Milan pays $2,716 a year, according to the U.S. Census Bureau. That is 2.28% of the home’s value; in Rock Island County, the rate is 2.28%.

Where can I find free help to buy or rent in Milan?

There is 1 HUD-approved counseling agency with an office in Rock Island County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).