Why Live in Milan
Milan is a rural community situated between Nashville and Memphis, known for its agricultural fields and dense forests. The neighborhood has a rich history tied to the Milan Army Ammunition Plant, and today it maintains a small-town charm with a population of just over 8,000. Milan is characterized by its strong sense of community, highlighted by events like the annual Milan One Table and the Milan Area Chamber of Commerce’s Christmas Parade. Main Street serves as the central hub for shopping and dining, featuring both big-box stores like Walmart and Lowe’s, as well as local boutiques and eateries. For more extensive shopping, residents often travel 24 miles south to Jackson.
Outdoor activities are centered around Milan City Park, the local YMCA, and the Milan Golf and Country Club. During the summer, cruising the rural backroads is a popular pastime, while the Milan Ritz offers a cozy spot for movie screenings in the winter. The neighborhood features a mix of 20th-century ranch-style homes and newer subdivisions with New Traditional-style homes built from 2000 onward. The Milan Special School District, which serves around 2,000 students, is highly rated and supported by the Milan Endowment for Growth in Academics.
Milan's crime rates are comparable to the national average, with property crime levels remaining stable and a slight increase in violent crime from 2022 to 2023. The community is also mindful of tornado risks, with a FEMA-run Community Safe Room available for residents. Overall, Milan offers a blend of rural tranquility and community spirit, making it a unique place to call home.
Home Trends in Milan, TN
On average, homes in Milan, TN sell after 58 days on the market compared to the national average of 50 days. The median sale price for homes in Milan, TN over the last 12 months is $210,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$210,000
Median Single Family Sale Price
$219,900
Median 2 Bedroom Sale Price
$185,000
Average Price Per Sq Ft
$141
Number of Homes for Sale
39
Last 12 months Home Sales
159
Median List Price
$239,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
7%