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These days, finding an affordable place to live in the Rome area can be challenging. Home prices in Rome are now at a median cost of $171,758, lower than the Alabama average of $228,911.
The average cost of rent is $839/mo in Rome, primarily driven by the current value of real estate in the Rome area. In Rome, 13.92% of households rent, and 74.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rome is $5,763 per month. Households that rent pay about 14.56% of their income on rent here. Rome’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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