Romulus, NY—14541
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Romulus, NY
As of Oct '25, the median home price in Romulus, NY is $345,000, with a year-over-year change of -0.2%. This indicates that home prices in Romulus, NY are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | -0.2% |
| Single Family | $345,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $343,000 | -0.9% |
3 Bed | $339,000 | -1.5% |
4 Bed | $380,000 | -1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Romulus, NY
Romulus, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,010 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,010 | $1,010 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Romulus, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Romulus, NY is 57. This is a decrease of -29.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $587,000 | -29.0% |
Listing Count | 11 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 57 | -29.0% |
Demographics — Romulus, NY
As of the latest ACS Survey released in 2023, Romulus, NY has a population of 3,520, which has decreased by -17.2% over the past 5 years. Romulus, NY is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,520 | -17.2% |
% Under 18 | 22.9% | 51.7% |
% Seniors | 12.5% | 14.7% |
% WFH | 10.5% | 23.5% |
% w/ College Degree | 17.2% | 41.0% |
As of the latest ACS Survey released in 2023, Romulus, NY is a predominantly white area, with 71.7% of the population identifying as white. The white population has grown by 9.6% in the last 5 years. The second most common race or ethnicity in Romulus, NY is black, making up 16.7% of the population. Foreign-born residents account for 3.2% of the population in Romulus, NY, and this percentage has increased by 14.3% 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 | 71.7% | 9.6% |
% Black | 16.7% | -33.7% |
% Hispanic | 7.8% | -12.4% |
% Asian | 0.1% | ∞% |
% Foreign Born | 3.2% | 14.3% |
Mortgage and Risk — Romulus, NY
According to HUD data as of 2023, there were 46 mortgage originations in Romulus, NY, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Romulus, NY. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 20.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Romulus, NY
Romulus, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | $300 | $1,010 | $1,310 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | N/A | N/A | $2,200 |
Affordability — Romulus, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $345,000 |
| Median Household Income | $78,100 |