HomeIllinoisRock Island CountyMilan village
Milan village, Illinois: commercial real estate data.
Milan village 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.
80 sourced place values · tier FULL · 9 sections · 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$2,100,000
- Ninetieth percentile approval$2,528,900
- 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
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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$495,000
- Largest approval$495,000
- Jobs supported31
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Milan
Flood risk in Milan
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170590
- Currently effective map date04/05/10
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Rock Island County, not Milan
Rock Island County context, not Milan figures
These are Rock Island County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Milan measurements.
- Establishments in Rock Island County2,992
- Employment at those establishments, Rock Island County64,307
- Covered employment, Rock Island County70,119
- Average annual pay, Rock Island County$72,332
- Average weekly wage, Rock Island County$1,391
- Housing units permitted, Rock Island County140
- Of those, single family, Rock Island County51
- County product, 2024, Rock Island County$12,607,137,000
- County product change over the prior year, Rock Island County2.5 percent
- Average income of an arriving household, Rock Island County$55,197
Every figure in this section is published for Rock Island County as a whole and is not a measurement of Milan. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $5.2 m, across 3 lenders, median approval $2,100,000, plus 2 504 approvals worth $582,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Milan in the National Flood Insurance Program?
Yes. Milan appears in the FEMA Community Status Book as 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.