Living in Rome, OH
Rome, OH is a cozy and inviting small town that offers a blend of natural beauty and community spirit. With numerous outdoor activities and essential amenities, it is an excellent place for families and retirees alike. The town boasts a strong educational system and local charm, making it desirable for both homebuyers and real estate investors.
Current Market Conditions in Rome, OH
The real estate market in Rome, OH has been steadily growing, with a balanced mix of buyers and sellers. Home prices have shown consistent appreciation over recent years, making it an attractive market for investment. Investors can expect reasonable returns as demand for homes in this idyllic community continues to rise.
With the increasing popularity of remote work, many people are leaving urban areas in pursuit of larger homes and more outdoor space, elevating the appeal of rural areas like Rome. This trend suggests a continued strength in the housing market, providing favorable opportunities for real estate investments.
Home Value Estimator For Rome, OH
There are currently 980 real estate properties
in Rome, OH,
with a median automated valuation model (AVM) price
of $230,421.00. 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, OH, 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, OH,
is $257,997.00, with the most expensive house
in Rome, OH, topping out
at $1,414,579.00 and the cheapest home
in Rome, OH,
clocking in at $17,310.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rome, OH!
Rent Prices
In Rome, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rome, OH, is on
a rollercoaster ride. The
average rent price in Rome, OH,
is $1,154.00. Indeed, when looking to rent in
Rome, OH, you can expect to pay as little
as $480.00 or as much
as $2,200.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Rome, OH
-- 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.
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