Zip 48065 (Romeo, MI) Housing

The housing market in Romeo, MI (48065) is slightly behind the US national average. The median house value in Romeo is $353,300, which is slightly higher than the national median of $338,100. Over the past year, the US has seen an 8.27% appreciation rate for housing prices and Romeo has seen a 7.58% appreciation rate - slightly lower than the US average. This could indicate that there are opportunities for buyers to invest in Romeo real estate as it may be undervalued compared to other areas of the country.

The median home cost in Romeo (zip 48065) is $353,300. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Romeo (zip 48065) is up 10.8%.

Average Age of Homes

- The median age of Romeo (zip 48065) real estate is 39 years old

The Rental Market in Romeo (zip 48065)

- Renters make up 13.5% of the Romeo (zip 48065) population
- 0.5% of houses and apartments in Romeo (zip 48065), 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	Romeo, Michigan	United States
	4,721.0	139,647,020.0
	39	42
	$353,300	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$12.89	$10.98
	$3,502	$2,690
	81.7%	57.4%
	2.1%	11.2%
	16.2%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.2%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	0.5%	2.4%
	0.6%	2.8%
	0.9%	3.9%
	1.8%	4.5%
	9.0%	11.3%
	12.9%	13.0%
	28.6%	20.1%
	17.3%	13.6%
	10.2%	8.3%
	10.4%	9.7%
	1.1%	3.9%
	0.6%	2.2%
	0.9%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	1.0%	0.2%
	12.1%	13.6%
	12.1%	13.6%
	19.5%	13.6%
	13.2%	13.2%
	13.4%	14.8%
	19.5%	13.6%
	7.8%	10.0%
	7.2%	4.7%
	13.6%	12.2%

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