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 $113,476, lower than the New York average of $481,023.
The average cost of rent is $866/mo in Rome, primarily driven by the current value of real estate in the Rome area. While nearly 48.31% of residents own their homes outright in Rome, 36.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rome is $4,937 per month. Households that rent pay about 17.54% of their income on rent here. Rome's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
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