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AREA INFORMATION

47031 (Milan, IN)

Explore the real estate in 47031 (Milan, IN)

Area Highlights

47031 (Milan, IN) residents have a median age of 41 years old, with employment highest in the transportation and food industries.

4,939 Population

The population has increased by 1.6% since the year 2010.

1,862 Households

$70,682 /yr
Median Household Income

30m Median Commute Time

Most people in this area drive to work.

Area Map

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

41 Median Age

Average Household Size

2.6
persons per
household

56%

Married Households

Community Population By Education

High School Graduate 40%
Some College 19%
Associates Degree 11%
Some High School 11%
Graduate Degree 10%
Bachelors Degree 9%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 40.49% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
33.7% of households have children

Area Schools

9-12
2.4 MILES
C
Milan High School
7-8
2.4 MILES
C
Milan Middle School
5-6
2.4 MILES
D
Milan Intermediate School
KG-4
3 MILES
B
Milan Elementary School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$70,682 /yr
Median Household Income
$0
Median Sales Price
30 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $35-49,999k representing 17.47% of the households.

Transportation to Work

  • Drive 91%
  • Walk or Bike 6%
  • Work from Home 2%
  • Public Transit 0%

Occupancy by Type

Owned 1,454 73%
Rented 408 20%
Vacant 138 7%

White vs Blue Collar Jobs







White Collar 52%
Blue Collar 48%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 41 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 94%
Hispanic <1%
Asian <1%
Other <1%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 94%, followed by Hispanic at <1%, Asian at <1%, and Other at <1%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

85° July
Hottest Average Month
19° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
19°
38°
Feb
22°
41°
Mar
30°
52°
Apr
40°
63°
May
50°
73°
Jun
59°
82°
Jul
63°
85°
Aug
61°
84°
Sep
54°
78°
Oct
43°
67°
Nov
33°
53°
Dec
24°
41°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$379,900
For sale
3 beds • 2 baths • 1,152 sqft

6681 N County Road 800
Milan, IN 47031

$204,900
For sale
5.52 acres

0 St Rt 350
Milan, IN 47031

$169,900
For sale
1,994 sqft

500 W Carr Street
Milan, IN 47031

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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