Home Price Key
Affordable
Average
Expensive
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 $148,421, lower than the Alabama average of $185,232.
The average cost of rent is $768/mo in Rome, primarily driven by the current value of real estate in the Rome area. While nearly 65.70% of residents own their homes outright in Rome, 17.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rome is $5,318 per month. Households that rent pay about 14.44% of their income on rent here. Rome's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
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