Market Overview
Home Prices in Romeo, MI
The median home value in Romeo, MI is $436,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Romeo are priced7% above average. Romeo is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Romeo home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Romeo Home Price Trend
City Comparison
Romeo vs. National Median
At $436,894, homes in Romeo cost 7% above the national median of $410,000. Buyers in Romeo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Romeo?
20% Down Payment
$87,379
on $436,894
Monthly P&I
$2,279/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,894/mo
incl. taxes & insurance
Income Needed
$115,760
gross annual (30% rule)
10% Down Option
$43,689
+ PMI applies
Loan Amount (20% dn)
$349,515
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Romeo, MI?
The median home value in Romeo is $436,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Romeo?
Over the past year, home values in Romeo have increased by 3.3%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Romeo?
To comfortably afford the median home price of $436,894 with a 20% down payment ($87,379) at today's rates (6.8%), you'd need a gross annual income of approximately $115,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Romeo compare to the national average home price?
The national median home value is approximately $410,000. At $436,894, homes in Romeo are 7% above the national average.
What metro area is Romeo part of?
Romeo is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.