The typical owner-occupied home in Rome is worth about $154,400, 64% below the New York median of $423,800 and 54% below the national median of $332,700. Owners pay a median $4,212 a year in property taxes, about 2.73% of their home's value, higher than the New York rate of 1.55%. The median household earns $59,925 a year, so the median home costs 2.6 times the median income (4.9 times for New York). 57% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Rome at a glance
| Rome | New York | U.S. | |
|---|---|---|---|
| Median home value | $154,400 | $423,800 | $332,700 |
| Median property tax paid per year | $4,212 | $6,582 | $3,119 |
| Property tax as a share of value | 2.73% | 1.55% | 0.94% |
| Median household income | $59,925 | $85,974 | $80,734 |
| Homes lived in by their owners | 57% | 54% | 65% |
| Owner homes with a mortgage | 51% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,431 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 22.5% | 21.0% |
| Median rent | $909 | $1,621 | $1,413 |
| Rent as a share of renters' income | 27.7% | 31.2% | 30.6% |
| Median year homes were built | 1955 | 1959 | 1980 |
| Vacant homes | 9.3% | 10.0% | 10.1% |
| Population | 31,795 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Rome
At this week's average 30-year rate of 7.11%, buying the median Rome home of $154,400 with 20% down costs about $1,247 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,504, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $53,422 for the 20%-down payment. That payment is 25% of the median Rome household income of $59,925; at that income and 20% down, the 28% guideline points to a home of about $173,000.
The median rent here is $909 a month, so owning the median home costs about $338 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,880 |
|---|---|
| Loan amount | $123,520 |
| Principal and interest | $831 |
| Property taxes (2.73% a year) | $351 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| PMI | $0 |
| Total per month | $1,247 |
Change the numbers in the calculator
| Down payment | $5,404 |
|---|---|
| Loan amount | $151,603 |
| Principal and interest | $1,020 |
| Property taxes (2.73% a year) | $351 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| FHA mortgage insurance | $68 |
| Total per month | $1,504 |
Change the numbers in the calculator
Questions about home buying in Rome
What is the median home value in Rome?
About $154,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rome?
Homeowners pay a median $4,212 a year, which is about 2.73% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Rome?
For the median home with 20% down at 7.11%, the payment is about $1,247 a month. Keeping that under 28% of gross income takes about $53,422 a year.
More about Rome
- Mortgage Refinance in Rome
- Debt Relief in Rome
- Home Equity Loans in Rome
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data