Rome City, IN—46784
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rome City, IN
As of Oct '25, the median home price in Rome City, IN is $300,000, with a year-over-year change of 3.3%. This indicates that home prices in Rome City, IN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 3.3% |
| Single Family | $298,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $233,000 | 3.1% |
3 Bed | $318,000 | 2.9% |
4 Bed | $462,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rome City, IN
As of July '25, Rentcast reports the average rent in Rome City, IN is $1,200, with a year-over-year rent change of 14.3%. Per bedroom, the median rent as of July '25 in Rome City, IN is 2-bedrooms: $1,200. The most common rental property sizes in Rome City, IN are 3-bedroom and 4-bedroom, accounting for 59.2% and 18.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rome City, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Rome City, IN is 49. This is a increase of 2.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | 9.0% |
Listing Count | 17 | 109.0% |
| Listings as % of Homes | 0.2% | 109.0% |
Days on Market | 49 | 2.0% |
Demographics — Rome City, IN
As of the latest ACS Survey released in 2023, Rome City, IN has a population of 2,000, which has increased by 1.3% over the past 5 years. Rome City, IN is a less popular place for families, as children make up 13.8% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,000 | 1.3% |
% Under 18 | 13.8% | -37.3% |
% Seniors | 25.1% | 27.4% |
% WFH | 5.9% | 118.5% |
% w/ College Degree | 18.6% | 51.2% |
As of the latest ACS Survey released in 2023, Rome City, IN is a predominantly white area, with 94.6% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Rome City, IN is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.0% of the population in Rome City, IN, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | 0.0% |
% Black | 0.4% | ∞% |
% Hispanic | 2.3% | -20.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Rome City, IN
According to HUD data as of 2023, there were 67 mortgage originations in Rome City, IN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Rome City, IN. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 67 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Rome City, IN
Rome City, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 0 |
% 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 | $740 |
| 2 Bedroom | -$230 | $1,200 | $970 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Rome City, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $300,000 |
| Median Household Income | $71,500 |