The typical owner-occupied home in Rome is worth about $150,000, 41% below the Pennsylvania median of $254,500 and 55% below the national median of $332,700. Owners pay a median $1,188 a year in property taxes, about 0.79% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $55,000 a year, so the median home costs 2.7 times the median income (3.3 times for Pennsylvania). 51% of occupied homes here are lived in by their owners, and 17% of those owners still have a mortgage.
Rome at a glance
| Rome | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $150,000 | $254,500 | $332,700 |
| Median property tax paid per year | $1,188 | $3,311 | $3,119 |
| Property tax as a share of value | 0.79% | 1.30% | 0.94% |
| Median household income | $55,000 | $77,971 | $80,734 |
| Homes lived in by their owners | 51% | 69% | 65% |
| Owner homes with a mortgage | 17% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,200 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.4% | 21.0% |
| Median rent | $942 | $1,209 | $1,413 |
| Rent as a share of renters' income | 22.9% | 29.2% | 30.6% |
| Median year homes were built | 1955 | 1965 | 1980 |
| Vacant homes | 19.8% | 9.2% | 10.1% |
| Population | 547 | 13,018,639 | 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 $150,000 with 20% down costs about $968 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,218, 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 $41,507 for the 20%-down payment. That payment is 21% of the median Rome household income of $55,000; at that income and 20% down, the 28% guideline points to a home of about $199,000.
The median rent here is $942 a month, so owning the median home costs about $26 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,000 |
|---|---|
| Loan amount | $120,000 |
| Principal and interest | $807 |
| Property taxes (0.79% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $968 |
Change the numbers in the calculator
| Down payment | $5,250 |
|---|---|
| Loan amount | $147,283 |
| Principal and interest | $991 |
| Property taxes (0.79% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,218 |
Change the numbers in the calculator
Questions about home buying in Rome
What is the median home value in Rome?
About $150,000 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 $1,188 a year, which is about 0.79% 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 $968 a month. Keeping that under 28% of gross income takes about $41,507 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