Market Intelligence · TN / Milan

Milan, TN 38358 Housing Market

The typical home in Milan, TN 38358 is worth $185,011, up 1.6% over the past year. The median list price stands at $247,900, with homes spending a median of 49 days on the market as of September 2026.

Updated September 2026Median value$185K

The median home value in Milan, TN 38358 is $185K as of September 2026, up 1.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 38358 range

$170K to $200K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.6% over 12 months

Sep 2025$182K

Low $182KHigh $187K

Sep 2026$185K

The numbers

What is the 38358 housing market like?

As of September 2026

Typical home value

$185K

1.6%YoY

Median list price

$248K

3.3%MoM

Days on market

11.4%MoM

Homes for sale

7.3%MoM

Price cuts

11.1%

75.4%MoM

New listings

50.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

38358 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 38358 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 38358 rose 1.6%, per the Zillow Home Value Index.

Will home prices drop in 38358?

Zillow's forecast does not call for a drop: it expects typical home values in 38358 to rise 1.1% by September 2027, after a 1.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 38358 home prices compare?

38358$185,011
Milan$185,011
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Milan: 1 ZIP; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

Milan's market shows moderate activity with 44 homes for sale and 12 new listings in September 2026. The median list price of $247,900 sits notably above the typical home value of $185,011, suggesting many listings are priced at a premium. At 49 days on market, homes are taking some time to find buyers. About 11.1% of listings have seen a price cut, which indicates sellers are adjusting to market realities. If you're considering selling, expect a patient market where pricing matters.

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Down payment20% · $37,002

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Common questions

What people ask us.

What is the typical home value in Milan, TN 38358?

The typical home value is $185,011 as of September 2026, having increased 1.6% over the past year.

How long do homes stay on the market in Milan?

The median days on market is 49 days as of September 2026.

How many homes are currently for sale in 38358?

There are 44 homes for sale as of September 2026, with 12 new listings in that same month.

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