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These days, finding an affordable place to live in the Romeo area can be challenging. Home prices in Romeo are now at a median cost of $159,734, lower than the Tennessee average of $315,131.
The average cost of rent is $852/mo in Romeo, primarily driven by the current value of real estate in the Romeo area. In Romeo, 5.90% of households rent, and 56.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Romeo is $3,891 per month. Households that rent pay about 21.89% of their income on rent here. Romeo’s most expensive areas are in the southwestern 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.
Nearby Cities
- Pilot Knob, TN: higher priced homes
- Persia, TN: less expensive homes
- McCloud, TN: equally priced homes
- Baileyton, TN: equally priced homes
- Mosheim, TN: higher priced homes
- Bulls Gap, TN: equally priced homes
- Brittontown, TN: higher priced homes
- Skinner Crossroad, TN: equally priced homes
- Holland Mill, TN: equally priced homes
- Greeneville, TN: higher priced homes
Cities with Similar Populations
- Giese, MN: higher priced homes
- Grass Range, MT: equally priced homes
- Grand River, OH: higher priced homes
- Gonyon, VA: higher priced homes
- Gomer, OH: higher priced homes
- Gluckheim, MD: higher priced homes
- Glenmore, VA: higher priced homes
- Glendale, IN: higher priced homes
- Glencoe, AR: less expensive homes
- Gilboa, WV: equally priced homes
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