Home Values

Romulus Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Romulus is $50, which is lower than the Detroit Metro average of $98. The median price of homes currently listed in Romulus is $28,700 while the median price of homes that sold is $65,000. The median rent price in Romulus is $875, which is the same as the Detroit Metro median of $875.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Romulus homeowners underwater on their mortgage is 34.9%, which is higher than Detroit Metro at 22.0%.

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Relative ZHVI
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Romulus Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $28,700 Median listing price
  • No recent data Median sale price
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Romulus Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 34.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2013)
  • No data Delinquent on mortgage (6.4% US Avg)
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Nearby Cities

Name Median ZHVI
Van Buren Township $153,000
Huron Township $147,700
Belleville $114,100
Name Median ZHVI
Westland $98,900
Dearborn Heights $85,500
Garden City $82,500
Name Median ZHVI
Taylor $74,300
Wayne $63,300
Inkster $54,000

Listings & Sales

Data through Dec 31, 2014
  • $50 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 5.6% Listings with price cut
9.1%
Sold below listing
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Romulus Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $812 Romulus
    $1,088 Detroit Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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