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Real Estate Prices & Overview

Median real estate price in the City Center of Milan is $229,498, which is more expensive than 37.7% of the neighborhoods in Tennessee and 32.1% of the neighborhoods in the U.S.

The average rental price in Milan City Center is currently $1,410, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.0% of Tennessee neighborhoods.

Milan City Center is a suburban neighborhood (based on population density) located in Milan, Tennessee.

Real estate in the City Center of Milan, TN is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 9.4% in Milan City Center. NeighborhoodScout analysis shows that this rate is lower than 42.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Milan, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the City Center neighborhood in Milan are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.4% of U.S. neighborhoods. With 36.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.4% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Milan City Center neighborhood, 39.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.2%), and 13.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Milan City Center neighborhood is English, spoken by 100.0% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the City Center neighborhood in Milan, TN, residents most commonly identify their ethnicity or ancestry as English (15.5%). There are also a number of people of German ancestry (8.9%), and residents who report Italian roots (6.1%), and some of the residents are also of Irish ancestry (4.0%), along with some Mexican ancestry residents (2.5%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Milan City Center neighborhood spend between 30 and 45 minutes commuting one-way to work (40.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (77.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (16.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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