The housing market in 47981 Romney, IN is showing promising signs of growth. The median value of a home in this area is $255,700, which is significantly lower than the US median value of $338,100. In the past year, house appreciation in 47981 Romney has been 10.75%, higher than the national average of 8.27%. This suggests that housing in this area is a great investment opportunity with potential for high returns. The market appears to be on an upward trend and it remains to be seen how high prices will go in years to come.
The median home cost in Romney (zip 47981) is $255,700. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Romney (zip 47981) is up 14.6%.
Average Age of Homes
- The median age of Romney (zip 47981) real estate is 25 years old
The Rental Market in Romney (zip 47981)
- Renters make up 25.3% of the Romney (zip 47981) population
- 0.0% of houses and apartments in Romney (zip 47981), 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.