47031
Milan, Indiana.
Milan, Ripley County, IN · population 5,659
to buy the typical home at today's mortgage rate — +$831 (+138%) since Jan 2020.
- 1 year
- Up $12,488 +5%
- $260,824$273,312 since Sep 2025
- 5 years
- Up $60,781 +29%
- $212,530$273,312 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 47031$1,435
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in zip 47031 rose 4.8% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Ripley County, IN 89% · Dearborn County, IN 11%
Zillow also publishes an index for the city itself: Milan, IN — measured over the city limits, which is a different area from this zip.
Typical home value — 47031
Mid-tier homes, smoothed and seasonally adjusted.
- 47031$273,312
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 6.2 | 47032 | Moores Hill | 3,285 | — | $287,615 |
| 8.3 | 47041 | Sunman | 5,884 | — | $343,697 |
| 9.2 | 47037 | Osgood | 4,330 | — | $245,387 |
| 9.7 | 47042 | Versailles | 3,839 | — | $253,027 |
| 10.4 | 47018 | Dillsboro | 4,166 | — | $305,214 |
| 11.6 | 47001 | Aurora | 10,696 | — | $282,851 |
| 11.7 | 47006 | Batesville | 12,988 | — | $325,578 |
| 12.1 | 47022 | Guilford | 3,074 | — | $412,154 |
| 12.5 | 47023 | Holton | 2,132 | — | $269,154 |
| 13.3 | 47017 | Cross Plains | 540 | — | $298,935 |
| 15.0 | 47025 | Lawrenceburg | 23,570 | — | $331,595 |
| 17.1 | 47224 | Canaan | 523 | — | $326,845 |
| 18.2 | 41080 | Petersburg | 1,819 | — | $336,377 |
| 18.3 | 47011 | Bennington | 1,420 | — | $329,783 |
| 18.3 | 47036 | Oldenburg | 1,173 | — | $302,601 |
| 18.3 | 47223 | Butlerville | 1,268 | — | $204,407 |
| 18.8 | 47060 | West Harrison | 6,309 | — | $371,981 |
| 19.0 | 47040 | Rising Sun | 5,275 | — | $260,975 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.