Rome, Georgia Housing Market Prices
Rome Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 53% below the Georgia median$121,948
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Median rent 26% below the Georgia median$1,027
Housing Market Overview
| Metric | Rome | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,948 | $256,986 | $248,835 |
| Price Trend (Annual %) | 14.5% | 8.9% | 7.5% |
| Median Gross Rent | $1,027 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rome is about 53% lower than in Georgia. Rent is about 26% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Rome, up about 14.5% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Rome rose about 58.6% between 2015 and 2024, from $648 to $1,027. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Rome.
Buying the median-priced home in Rome costs roughly 9.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rome. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Rome | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,948 | $256,986 | $248,835 |
| Median Household Income | $54,063 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rome rose about 64.5%, while median household income rose about 57.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Rome | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.8% | 58.9% | 58.5% |
| Rental Rate | 47.5% | 30.8% | 31.2% |
| Vacancy Rate | 9.7% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Rome has a homeownership rate of 42.8%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 9.7%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Rome | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1968 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Rome was built around 1968. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rome, Georgia.
What is the median home price in Rome, Georgia?
The median home price in Rome, Georgia is $121,948, lower than the Georgia average of $256,986.
What is the average home price in Rome, Georgia?
The typical home price in Rome, Georgia, reported as the median sale price, is $121,948. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Rome, Georgia?
The median gross rent in Rome, Georgia is $1,027 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Rome in 2020?
In 2020, the median gross rent in Rome, Georgia was $751 per month.
What is the price-to-rent ratio in Rome, Georgia?
The price-to-rent ratio in Rome, Georgia is about 9.9, meaning it would take roughly 9.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rome.
Are home prices or rent rising faster in Rome, Georgia?
Both home prices and rent are rising in Rome, up about 14.5% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rome, Georgia?
42.8% of households in Rome, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Rome, Georgia?
The housing vacancy rate in Rome, Georgia is 9.7%, lower than the Georgia average of 10.3%.
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