HomeIllinoisRock Island CountyMilan
Milan, Illinois: commercial real estate data.
Milan is a Census village of 5,034 people across 6.25 square miles of land, in Rock Island County. Median household income is $62,597, 66.0 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $5.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Milan
What Milan is
- Census place typevillage
- Land area6.25 sq mi
- Water area0.59 sq mi
- Population per square mile of land805
- County holding the largest share of its areaRock Island County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milan
How many people live in Milan
- Population5,034
- Median age36.0
- Population under 181,085 plus or minus 250
- Share under 1821.6 percent plus or minus 5.0
- Population 65 and over1,083
- Share 65 and over21.5 percent
- Households2,550
- Family households1,263
- Share of households that are families49.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milan
Income and work in Milan
- Median household income$62,597
- Per capita income$42,200
- Civilian labor force2,575
- Employed2,546
- Unemployed29 plus or minus 25
- Unemployment rate1.1 percent plus or minus 1.0
- Adults 25 and over3,475
- Adults 25 and over with a high school diploma or higher90.8 percent
- Adults 25 and over with a bachelor degree or higher25.1 percent plus or minus 6.6
- Adults 25 and over with a graduate degree6.8 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milan
Housing in Milan
- Housing units2,701
- Occupied units2,550
- Vacant units151 plus or minus 102
- Vacancy rate5.6 percent plus or minus 3.7
- Owner occupied1,684
- Renter occupied866 plus or minus 207
- Ownership rate66.0 percent
- Median owner-occupied home value$119,300
- Median gross rent, monthly$963 plus or minus $343
- Annual rent as a share of median income18.5 percent plus or minus 7.0
- Single family units1,710
- Share single family63.3 percent
- Units in buildings of two or more699 plus or minus 232
- Share in buildings of two or more25.9 percent plus or minus 8.3
- Mobile homes292 plus or minus 131
- Median year structure built1967
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milan
How Milan gets to work
- Workers 16 and over who commute2,331
- Commuting under 15 minutes911 plus or minus 278
- Share commuting under 15 minutes39.1 percent plus or minus 11.3
- Commuting 30 minutes or more463 plus or minus 162
- Share commuting 30 minutes or more19.9 percent plus or minus 6.7
- Drove alone71.6 percent
- Carpooled7.9 percent plus or minus 4.3
- Public transport0.9 percent plus or minus 1.4
- Walked9.2 percent plus or minus 9.2
- Worked from home6.8 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milan
SBA loans in Milan (7(a))
- Approvals4
- Gross approval$5,211,100
- Average approval$1,302,775
- Median approval$1,300,000
- Largest approval$2,528,900
- Jobs supported22
- Jobs per approval5.5
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Milan, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Milan
SBA loans in Milan (504)
- Approvals2
- Gross approval$582,000
- Average approval$291,000
- Median approval$291,000
- Largest approval$495,000
- Jobs supported31
- Loans with a final outcome1
- Charged off0
- Median term270 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Milan, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Milan
Flood risk in Milan
- NFIP communityVillage of Milan
- NFIP community number170590
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date04/05/10
The Village of Milan participates in the National Flood Insurance Program as community 170590 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Rock Island County, not Milan
Rock Island County context, not Milan figures
- Establishments in Rock Island County2,992
- Covered employment, Rock Island County70,119
- Average annual pay, Rock Island County$72,332
- Housing units permitted, Rock Island County140
Every figure in this section is published for Rock Island County as a whole and is not a measurement of Milan.
All Rock Island County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Milan questions, answered from the record.
How many people live in Milan, Illinois?
5,034, in 2,550 households. Milan village covers 6.25 square miles of land, which is 805 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Milan in?
Rock Island County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Milan?
$62,597. The median owner-occupied home is valued at $119,300. Median gross rent is $963 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Milan businesses?
4 7(a) approvals totaling $5.2 m since FY2020, across 3 lenders, median approval $1,300,000, plus 2 504 approvals worth $582,000 since FY2010. These count approvals to borrowers whose address is in Milan, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Milan borrowers get paid back?
No rate is published for Milan. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Milan in the National Flood Insurance Program?
Yes. Milan appears in the FEMA Community Status Book as Milan, village of, community 170590, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Milan figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Rock Island County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Milan.
Is zoning published for Milan?
No. Nothing on this page presents parcel level zoning.