Romulus, MI Housing

Romulus, MI is an attractive housing market for potential homeowners due to its relatively low median house value at $175,100 compared to the US median house value of $338,100. Over the past year, the appreciation rate in Romulus was 8.47% which is also higher than the US 1 year appreciation rate of 8.27%. With such a strong market and more affordable values, it is not surprising that Romulus has become an attractive location for those looking to purchase a home.

The median home cost in Romulus is $175,100. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Romulus is up 13.1%.

Average Age of Homes

- The median age of Romulus real estate is 45 years old

The Rental Market in Romulus

- Renters make up 31.8% of the Romulus population
- 1.7% of houses and apartments in Romulus, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Romulus, Michigan	United States
	9,590.0	139,647,020.0
	49	42
	$175,100	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$19.97	$10.98
	$2,361	$2,690
	63.2%	57.4%
	7.9%	11.2%
	29.0%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	5.3%	2.6%
	9.9%	2.4%
	5.2%	2.8%
	9.7%	3.9%
	6.6%	4.5%
	29.2%	11.3%
	15.7%	13.0%
	16.5%	20.1%
	0.9%	13.6%
	0.1%	8.3%
	0.8%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.2%	13.6%
	13.2%	13.6%
	9.9%	13.6%
	4.9%	13.2%
	21.6%	14.8%
	9.9%	13.6%
	13.7%	10.0%
	7.8%	4.7%
	4.2%	12.2%