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Affordable
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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 $241,354, lower than the New York average of $610,895.
The average cost of rent is $1,120/mo in Romulus, primarily driven by the current value of real estate in the Romulus area. In Romulus, 24.05% of households rent, and 52.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Romulus is $6,293 per month. Households that rent pay about 17.79% of their income on rent here. Romulus’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kendaia, NY: less expensive homes
- MacDougall, NY: less expensive homes
- Poplar Beach, NY: less expensive homes
- Willard, NY: less expensive homes
- Fayette, NY: less expensive homes
- Ovid, NY: less expensive homes
- Pastime Park, NY: equally priced homes
- Levanna, NY: less expensive homes
- Dresden, NY: higher priced homes
- Sheldrake Springs, NY: less expensive homes
Cities with Similar Populations
- Malaga, NJ: higher priced homes
- Sequatchie, TN: equally priced homes
- Scotts Hill, TN: less expensive homes
- Port Barrington, IL: higher priced homes
- Paris, MI: less expensive homes
- Moroni, UT: higher priced homes
- Morningside, MD: higher priced homes
- Monponsett, MA: higher priced homes
- Medon, TN: less expensive homes
- Seven Hills, AL: higher priced homes
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