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Affordable
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These days, finding an affordable place to live in the Romney area can be challenging. Home prices in Romney are now at a median cost of $280,218, higher than the Indiana average of $232,932.
The average cost of rent is $834/mo in Romney, primarily driven by the current value of real estate in the Romney area. In Romney, 5.89% of households rent, and 29.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Romney is $9,325 per month. Households that rent pay about 8.95% of their income on rent here. Romney’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linden, IN: less expensive homes
- New Richmond, IN: less expensive homes
- Shadeland, IN: less expensive homes
- Stockwell, IN: higher priced homes
- Odell, IN: equally priced homes
- Clarks Hill, IN: less expensive homes
- Westpoint, IN: equally priced homes
- Cherry Grove, IN: less expensive homes
- Lafayette, IN: less expensive homes
- Elmdale, IN: less expensive homes
Cities with Similar Populations
- Shedd, OR: higher priced homes
- Heizer, WV: less expensive homes
- Hendrickson, MO: less expensive homes
- Hertel, WI: equally priced homes
- Hibernia, FL: equally priced homes
- Hilliards, PA: less expensive homes
- Holts Corner, TN: higher priced homes
- Hubbardston, MI: less expensive homes
- Hubbardsville, NY: less expensive homes
- Selby, SD: less expensive homes
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