Rome, GA—30161
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rome, GA
As of Oct '25, the median home price in Rome, GA is $216,000, with a year-over-year change of 0.9%. This indicates that home prices in Rome, GA are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $216,000 | 0.9% |
| Single Family | $216,000 | 0.9% |
| Condos | $256,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | 0.6% |
3 Bed | $246,000 | 1.2% |
4 Bed | $378,000 | 1.9% |
| 5 Bed | $140,000 | -0.7% |
% of Housing Stock
Rental Trends — Rome, GA
As of July '25, Rentcast reports the average rent in Rome, GA is $1,460, with a year-over-year rent change of 14.1%. Per bedroom, the median rent as of July '25 in Rome, GA is studios: $650, 1-bedrooms: $885, 2-bedrooms: $1,170, 3-bedrooms: $1,680, 4-bedrooms: $2,540. The most common rental property sizes in Rome, GA are 2-bedroom and 3-bedroom, accounting for 44.3% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,460 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $825 | $885 |
| 2 Bed Rent | $1,160 | $1,170 |
| 3 Bed Rent | $1,750 | $1,680 |
| 4 Bed Rent | $2,400 | $2,540 |
% of Rental Stock
Property Listings — Rome, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Rome, GA is 71. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | 16.0% |
Listing Count | 241 | 32.0% |
| Listings as % of Homes | 0.8% | 32.0% |
Days on Market | 71 | 17.0% |
Demographics — Rome, GA
As of the latest ACS Survey released in 2023, Rome, GA has a population of 34,500, which has remained stable by 0.5% over the past 5 years. Rome, GA is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,500 | 0.5% |
% Under 18 | 22.4% | -3.0% |
% Seniors | 19.1% | 1.1% |
% WFH | 7.0% | 14.8% |
% w/ College Degree | 27.1% | 23.2% |
As of the latest ACS Survey released in 2023, Rome, GA is a predominantly white area, with 68.1% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Rome, GA is black, making up 20.3% of the population. Foreign-born residents account for 4.6% of the population in Rome, GA, and this percentage has increased by 24.3% 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 | 68.1% | -0.1% |
% Black | 20.3% | -10.2% |
% Hispanic | 7.0% | 16.7% |
% Asian | 1.1% | 37.5% |
% Foreign Born | 4.6% | 24.3% |
Mortgage and Risk — Rome, GA
According to HUD data as of 2023, there were 592 mortgage originations in Rome, GA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Rome, GA. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 592 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Rome, GA
As of 2024, the percent of homes in Rome, GA under the Section 8 program is 14.3%. This is considered low, suggesting that the neighborhood is sparsely 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, GA, 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 | 1,097 |
Total Units Section 8 | 811 |
% Rentals under Section 8 | 14.3% |
% Occupied Section 8 | 77.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $825 | $880 |
| 2 Bedroom | -$10 | $1,160 | $1,150 |
| 3 Bedroom | -$300 | $1,750 | $1,450 |
| 4 Bedroom | -$720 | $2,400 | $1,680 |
Affordability — Rome, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $216,000 |
| Median Household Income | $60,200 |