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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Romulus, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Romulus, NY Housing Market Trends

With a population of 356, 124 total housing units (homes and apartments), and a median house value of $280,981, Romulus real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Romulus, accounting for 71.32% of the town's housing units. Other types of housing that are prevalent in Romulus include mobile homes or trailers ( 28.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Romulus. Owner-occupied housing accounts for 74.81% of Romulus's homes, and 47.79% have either three or four bedrooms, which is average sized relative to America.

The housing in Romulus was primarily built before 1939 ( 45.59%), making the housing stock in Romulus some of the oldest overall in America, although there is a range of ages of homes in Romulus. The next most important housing age is between 2000 and later ( 25.74%), followed by between 1970-1999 ( 24.26%). There's also some housing in Romulus built between 1940-1969 ( 4.41%).

Romulus Home Appreciation Rates

Appreciation rates for homes in Romulus have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.36%, which ranks in the top 50% nationwide. This equates to an annual average Romulus house appreciation rate of 6.82%.

NeighborhoodScout's data show that during the latest twelve months, Romulus's appreciation rate, at 5.66%, has been at or slightly above the national average. In the latest quarter, Romulus's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.

Notably, Romulus's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Romulus's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

Median Home Value

$280,981

Romulus, NY Home Prices
> $1,411,000
$1,058,001 - $1,411,000
$705,001 - $1,058,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
1.0%
1.0%
4.3%
4.3%
7.1%
7.1%
6.8%
6.8%
9.6%
9.6%
16.0%
16.0%
27.4%
27.4%
18.5%
18.5%
9.3%
9.3%
0% 100.0%
% of Homes
Average

for New york

Average

for nation

Number of Homes And Apartments:

124

Romulus Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,625 / per month

Homeownership Rate

Owners
Renters
74.8%
74.8%
25.2%
25.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.8%
8.8%
91.2%
91.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.7%
25.7%
24.3%
24.3%
4.4%
4.4%
45.6%
45.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.3%
71.3%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
28.7%
28.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
37.5%
37.5%
31.6%
31.6%
16.2%
16.2%
14.7%
14.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Romulus

Zip Codes in Romulus, NY