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Village Hall, Milan NMPhoto: John Phelan · CC BY 3.0
Housing in Milan

6 homes sold in Milan in the last year, at a typical $180K

Almost every sale is a house. Below: a shortcut to every site where Milan homes are listed.

Homes sold
6
October 2024 to September 2025
Typical sale price
$180K
median, weighted by sales
Price per square foot
$118
New Mexico $217
Paid vs. asking
92.4%
0% sold over asking
For sale now
3
September 2025 · 1 sold that month
Rent or buy?

Owning the typical Milan home costs about $1,049 a month

Mortgage
Property tax
Insurance
Rent

Price: Milan’s typical sale, last 12 months. Property tax at Milan’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Milan is affordable on local pay is on Cost of living.

Before you buy in Milan

Five things worth knowing

0.7%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $180K home, about $1,320 a year.

Taxes vs. neighbors
C

Schools

The schools grade for Milan, from test results, graduation and how much students grow.

Schools in Milan
22 min

Typical commute

The average one-way trip to work for people who live in Milan.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Milan, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Milan. People who follow the town see it, and so do people comparing Milan with their own town. No commission, no listing fee.

Questions about buying a home in Milan

What do homes sell for in Milan, NM?

6 homes sold in the year to September 2025 at a typical $180K, $118 a square foot.

Is Milan a buyer’s or seller’s market?

A seller’s market: 3 homes were for sale in September 2025 and 1 sold, about 3 months of supply. Buyers paid 92.4% of asking on average, and 37% of listings cut their price.

How much are property taxes in Milan?

About 0.7% of a home’s value a year. On a $180K home that’s near $1,320.

Where can I see homes for sale in Milan?

Zillow, Redfin, Realtor.com and Homes.com all carry Milan’s MLS listings; the search links above open each one filtered to Milan.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).