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Milan, MN Home Values and Rents
The median home value in Milan is $71,400. Median rent is $1,096 a month.
- Median home value
- $71,400
- ACS 2020-2024
- Median rent
- $1,096/mo
- ACS 2020-2024
- Price change, 1 year
- +11.4%
- County index, 2025
- Homeownership
- 74.8%
- MN: 72.2%
Chippewa County home price trend
FHFA annual House Price Index for Chippewa County, 2000 = 100, compared with Minnesota
Show as a table
| Period | Chippewa County |
|---|---|
| 2025 | 254 |
| 2024 | 228 |
| 2023 | 228 |
| 2022 | 202 |
| 2021 | 175 |
| 2020 | 154 |
| 2019 | 152 |
| 2018 | 143 |
| 2017 | 136 |
| 2016 | 137 |
| 2015 | 130 |
| 2014 | 130 |
| 2013 | 126 |
| 2012 | 124 |
| 2011 | 124 |
Over five years, Chippewa County prices changed +64.8%, compared with +24.7% for Minnesota.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Fair Market Rents, FY2027
HUD rent standard for Chippewa County, MN
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $706 | +5.2% |
| 1 bedroom | $784 | +1.6% |
| 2 bedrooms | $1,014 | +4.2% |
| 3 bedrooms | $1,404 | +3.8% |
| 4 bedrooms | $1,443 | +4.4% |
Frequently asked questions
- What is the median home value in Milan, MN?
- The median home value in Milan is $71,400, based on the American Community Survey 2020-2024 5-year estimates. The Minnesota median is $329,300.
- How much is rent in Milan?
- The median rent in Milan is $1,096 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
- Are home prices going up in Milan?
- Home prices in Chippewa County changed +11.4% over one year and +64.8% over five years, as of 2025.