Romney, IN—47981
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Romney, IN
As of Oct '25, the median home price in Romney, IN is $319,000, with a year-over-year change of 3.9%. This indicates that home prices in Romney, IN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 3.9% |
| Single Family | $319,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Romney, IN
As of July '25, Rentcast reports the average rent in Romney, IN is $1,150, with a year-over-year rent change of -26.8%. Per bedroom, the median rent as of July '25 in Romney, IN is 1-bedrooms: $1,150. The most common rental property sizes in Romney, IN are 2-bedroom and studio, accounting for 100.0% and 0.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Romney, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Romney, IN is 35. This is a decrease of -35.0% 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 | $475,000 | -1.0% |
Listing Count | 2 | 40.0% |
| Listings as % of Homes | N/A | 40.0% |
Days on Market | 35 | -35.0% |
Demographics — Romney, IN
As of the latest ACS Survey released in 2023, Romney, IN has a population of 915, which has decreased by -1.5% over the past 5 years. Romney, IN is a popular place for families, as children make up 29.8% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 915 | -1.5% |
% Under 18 | 29.8% | -22.4% |
% Seniors | 10.8% | -22.9% |
% WFH | 0.0% | N/A |
% w/ College Degree | 24.0% | -2.4% |
As of the latest ACS Survey released in 2023, Romney, IN is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Romney, IN is hispanic, making up 5.2% of the population. Foreign-born residents account for 4.3% of the population in Romney, IN, and this percentage has increased by 126.3% 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 | 94.0% | -2.0% |
% Black | 0.0% | N/A |
% Hispanic | 5.2% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.3% | 126.3% |
Mortgage and Risk — Romney, IN
Romney, IN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Romney, IN
Romney, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,150 | $960 |
| 2 Bedroom | N/A | N/A | $1,160 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Romney, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $319,000 |
| Median Household Income | $76,200 |