Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Romulus area can be challenging. Home prices in Romulus are now at a median cost of $137,957, lower than the Michigan average of $196,062.
The average cost of rent is $1,126/mo in Romulus, primarily driven by the current value of real estate in the Romulus area. While nearly 38.97% of residents own their homes outright in Romulus, 27.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Romulus is $5,585 per month. Households that rent pay about 20.16% of their income on rent here. Romulus's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Taylor, MI: less expensive homes
- Wayne, MI: less expensive homes
- New Boston, MI: higher priced homes
- Inkster, MI: less expensive homes
- Belleville, MI: higher priced homes
- Westland, MI: equally priced homes
- Woodhaven, MI: higher priced homes
- Allen Park, MI: equally priced homes
- Southgate, MI: equally priced homes
- Flat Rock, MI: higher priced homes
Cities with Similar Populations
- Anthem, AZ: higher priced homes
- Burlington, NJ: higher priced homes
- Brooklyn Center, MN: higher priced homes
- Bethel Park, PA: higher priced homes
- Bell, CA: higher priced homes
- Baldwinsville, NY: higher priced homes
- Atascadero, CA: higher priced homes
- Ashland, KY: less expensive homes
- Saratoga, CA: higher priced homes
- Rockford, MI: higher priced homes
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