Milan, Indiana: commercial real estate data.
Milan is a Census town of 1,942 people across 1.99 square miles of land, in Ripley County. Median household income is $59,286, 82.3 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $594,300 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Milan
What Milan is
- Census place typetown
- Land area1.99 sq mi
- Water area0.03 sq mi
- Population per square mile of land976
- County holding the largest share of its areaRipley 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
- Population1,942
- Median age43.7
- Population under 18339 plus or minus 104
- Share under 1817.5 percent plus or minus 4.5
- Population 65 and over460 plus or minus 103
- Share 65 and over23.7 percent
- Households764
- Family households461 plus or minus 94
- Share of households that are families60.3 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$59,286
- Per capita income$28,936
- Civilian labor force888
- Employed854
- Unemployed34 plus or minus 24
- Unemployment rate3.8 percent plus or minus 2.6
- Adults 25 and over1,399
- Adults 25 and over with a high school diploma or higher88.6 percent
- Adults 25 and over with a bachelor degree or higher8.4 percent plus or minus 3.7
- Adults 25 and over with a graduate degree4.4 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milan
Housing in Milan
- Housing units799
- Occupied units764
- Vacant units35 plus or minus 35
- Vacancy rate4.4 percent plus or minus 4.3
- Owner occupied629
- Renter occupied135 plus or minus 54
- Ownership rate82.3 percent
- Median owner-occupied home value$157,400
- Median gross rent, monthly$755 plus or minus $221
- Annual rent as a share of median income15.3 percent plus or minus 5.4
- Single family units584 plus or minus 118
- Share single family73.1 percent
- Units in buildings of two or more145 plus or minus 56
- Share in buildings of two or more18.1 percent plus or minus 6.5
- Mobile homes70 plus or minus 37
- Median year structure built1956
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 commute791 plus or minus 164
- Commuting under 15 minutes89 plus or minus 40
- Share commuting under 15 minutes11.3 percent plus or minus 4.5
- Commuting 30 minutes or more438 plus or minus 125
- Share commuting 30 minutes or more55.4 percent
- Drove alone84.2 percent
- Carpooled9.1 percent plus or minus 8.7
- Public transport0.0 percent
- Walked0.6 percent plus or minus 1.1
- Worked from home6.1 percent plus or minus 4.1
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$594,300
- Average approval$148,575
- Median approval$162,500
- Largest approval$208,800
- Jobs supported74
- Jobs per approval18.5
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term180 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Milan, in any county, FY2020 to FY2026. Only 3 loans have 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)
- Approvals1
- Gross approval$158,000
- Average approval$158,000
- Median approval$158,000
- Largest approval$158,000
- Jobs supported2
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Milan, in any county, FY2010 to FY2026. Only 0 loans have 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.
Ripley County, not Milan
Ripley County context, not Milan figures
- Establishments in Ripley County667
- Covered employment, Ripley County11,325
- Average annual pay, Ripley County$54,394
- Housing units permitted, Ripley County110
Every figure in this section is published for Ripley County as a whole and is not a measurement of Milan.
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, Indiana?
1,942, in 764 households. Milan town covers 1.99 square miles of land, which is 976 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?
Ripley 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?
$59,286. The median owner-occupied home is valued at $157,400. Median gross rent is $755 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 $594,300 since FY2020, across 2 lenders, median approval $162,500, plus 1 504 approvals worth $158,000 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 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
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 Ripley 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.