Rome, NY—13440
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rome, NY
As of Oct '25, the median home price in Rome, NY is $202,000, with a year-over-year change of 7.5%. This indicates that home prices in Rome, NY are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $202,000 | 7.5% |
| Single Family | $202,000 | 7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $117,000 | 0.0% |
2 Bed | $160,000 | 6.7% |
3 Bed | $202,000 | 7.4% |
4 Bed | $240,000 | 7.6% |
| 5 Bed | $248,000 | 6.9% |
% of Housing Stock
Rental Trends — Rome, NY
As of July '25, Rentcast reports the average rent in Rome, NY is $1,580, with a year-over-year rent change of 1.3%. Per bedroom, the median rent as of July '25 in Rome, NY is 1-bedrooms: $906, 2-bedrooms: $1,320, 3-bedrooms: $1,940, 4-bedrooms: $2,470. The most common rental property sizes in Rome, NY are 2-bedroom and 1-bedroom, accounting for 39.9% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,310 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $705 | $906 |
| 2 Bed Rent | $1,200 | $1,320 |
| 3 Bed Rent | $1,800 | $1,940 |
| 4 Bed Rent | $2,800 | $2,470 |
% of Rental Stock
Property Listings — Rome, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Rome, NY is 52. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $261,000 | 5.0% |
Listing Count | 184 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 52 | -13.0% |
Demographics — Rome, NY
As of the latest ACS Survey released in 2023, Rome, NY has a population of 41,300, which has remained stable by 0.1% over the past 5 years. Rome, NY is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,300 | 0.1% |
% Under 18 | 21.0% | 2.4% |
% Seniors | 19.6% | 11.4% |
% WFH | 12.5% | 155.1% |
% w/ College Degree | 22.9% | 6.0% |
As of the latest ACS Survey released in 2023, Rome, NY is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Rome, NY is hispanic, making up 7.1% of the population. Foreign-born residents account for 3.1% of the population in Rome, NY, and this percentage has increased by 3.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.4% | -4.1% |
% Black | 4.1% | -31.7% |
% Hispanic | 7.1% | 31.5% |
% Asian | 1.5% | 36.4% |
% Foreign Born | 3.1% | 3.3% |
Mortgage and Risk — Rome, NY
According to HUD data as of 2023, there were 607 mortgage originations in Rome, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Rome, NY. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 607 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Rome, NY
As of 2024, the percent of homes in Rome, NY under the Section 8 program is 19.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Rome, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,364 |
Total Units Section 8 | 1,264 |
% Rentals under Section 8 | 19.0% |
% Occupied Section 8 | 72.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $235 | $705 | $940 |
| 2 Bedroom | -$20 | $1,200 | $1,180 |
| 3 Bedroom | -$380 | $1,800 | $1,420 |
| 4 Bedroom | -$1,120 | $2,800 | $1,680 |
Affordability — Rome, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $202,000 |
| Median Household Income | $65,500 |