Rome, IN Foreclosures
How much do homes sell for in Rome, IN?
The average home price is currently $214,964.
What’s the average rental cost in Rome, IN?
The average rental price in Rome is $980.
What is the most expensive home in Rome?
The most expensive home sold in Rome had a price of $585,830.
What is currently the cheapest priced home in Rome, IN?
The cheapest home for sale in Rome is priced at $65,371.
Living in Rome, IN
Rome, Indiana, is a quaint rural town surrounded by picturesque farmland and community-focussed living. With outdoor recreational activities and accessible education, Rome is perfect for families seeking a peaceful lifestyle. The small-town atmosphere is complemented by convenient transportation options to nearby cities.
Current Market Conditions in Rome, IN
The current real estate market in Rome, IN, is showing signs of gradual improvement, with an uptick in interest from homebuyers looking for affordable housing options. Prices remain relatively stable, and inventory levels are beginning to balance as demand from urban buyers seeking rural retreats increases. The charm and affordability of the area continue to attract families and retirees alike, contributing to a slow but steady rise in property values.
In recent months, the market has experienced a slight increase in competition, with more buyers entering the rural market in search of spacious homes and land. While homes for sale may still linger on the market longer than in metropolitan areas, the right properties are quickly receiving offers as more individuals recognize the value of moving to a friendly, rural community.
Home Value Estimator For Rome, IN
There are currently 65 real estate properties
in Rome, IN,
with a median automated valuation model (AVM) price
of $195,093.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rome, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Rome, IN,
is $214,964.00, with the most expensive house
in Rome, IN, topping out
at $585,830.00 and the cheapest home
in Rome, IN,
clocking in at $65,371.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rome, IN!
Rent Prices
In Rome, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rome, IN, is on
a rollercoaster ride. The
average rent price in Rome, IN,
is $980.00. Indeed, when looking to rent in
Rome, IN, you can expect to pay as little
as $610.00 or as much
as $1,430.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Rome, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
