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Area data

Milan, TN — ZIP 38358

Population: 12,874 (Census ACS)

The median home value in ZIP 38358 (Milan, TN) is $188,415 — up 1.9% over the past year. Homes sell for a median $185,000 after a median 100 days on market. Typical rent runs $1,100/month. 4 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with icestorm, lightning, tornado the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$188,415

Median home value

+1.9%

1-year change

100

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$188,415
1-year appreciation
+1.9%
3-year appreciation
+8.2%
5-year appreciation
+30.0%
10-year appreciation
+85.9%
All-time peak (2026-04)
$189,825
House Price Index (state)
475.9 (+0.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$185,000
Median list price
$159,900
Median price per sqft
$91
Median days on market
100 days
Homes sold (recent period)
1
For-sale inventory
46
Sale-to-list ratio
101.4%
Active listings
3
1-year forecast
+0.5%
New listings (monthly)
14

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,100/mo
Studio fair-market rent
$758/mo
1BR fair-market rent
$948/mo
2BR fair-market rent
$1,160/mo
3BR fair-market rent
$1,508/mo
4BR fair-market rent
$1,740/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
13.2¢/kWh
Natural gas rate (state-level)
$11.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
4
Elementary schools
1
Middle schools
1
High schools
2
Schools include
Milan Elementary, Milan High School, Milan Middle School, Milan High School Academy

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
iceStorm, lightning, tornado, coldWave, drought
Notable hazard ratings (county)
coldWave: Relatively Moderate · drought: Relatively Moderate · earthquake: Relatively Moderate · heatWave: Relatively Moderate · iceStorm: Relatively High · inlandFlooding: Relatively Low
Wildfire risk to homes (county)
Higher than 21% of US counties
Buildings in wildfire direct-exposure zone
62.4%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
1
Nearest Superfund site
Milan Army Ammunition Plant (4.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
60.0°F
Average high
71.0°F
Average low
49.0°F
Annual precipitation
58.9 in
USDA plant hardiness zone
7b (extreme annual low 5 to 10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
10.3 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
8,892
Jobs reachable by transit (45 min)
8,492

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
2
Nearest national park
Trail Of Tears National Historic Trail (52 mi)
National parks include
Trail Of Tears National Historic Trail, Shiloh National Military Park
Airports within 30 mi
7
Nearest airport
Gibson County Airport (5 mi)
Nearest major airport
McKellar-Sipes Regional Airport (MKL) (24 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
WEST TENNESSEE HEALTHCARE MILAN HOSPITAL
Solar radiation rating
Fair (4.3 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+247 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,977
Housing built before 1970
34.7%
Housing built 2000 or later
16.3%
Median annual property tax
$1,247
Mean commute to work
27 min
Households with broadband internet
75.1%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
12,190
Average weekly wage
$891
Top industries (by employment)
Accommodation & Food, Construction, Administrative Services
Annual residential building permits (county)
141

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 38358State medianUS median
Median home value$188,415$269,649$289,727
Median sale price$185,000$315,000$325,000
Median days on market100 days73 days51 days
Typical rent$1,100/mo$1,597/mo$1,808/mo
Median annual property tax$1,247$970$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 38358?
$188,415.
What is the median sale price in ZIP 38358?
$185,000.
How long do homes take to sell in ZIP 38358?
Median days on market: 100 days.
What is typical rent in ZIP 38358?
Typical rent: $1,100/month.
What is the natural-hazard risk in ZIP 38358?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: iceStorm, lightning, tornado, coldWave, drought.
What is the wildfire risk in ZIP 38358?
Risk to homes is higher than 21% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 38358?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 38358?
1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Milan Army Ammunition Plant, 4.9 mi.
How many schools serve ZIP 38358?
4 schools (1 elementary, 1 middle, 2 high) (NCES, 2022-23).
Is ZIP 38358 walkable?
Walkability index: 10.3/20 (EPA Smart Location Database).
What is the cost of living in ZIP 38358?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents