Market Overview
Home Prices in Romulus, MI
The median home value in Romulus, MI is $209,775 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Romulus are priced49% below average. Romulus is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Romulus home values have risen by approximately23.8%, reflecting strong long-term appreciation in this market.
Price History
Romulus Home Price Trend
City Comparison
Romulus vs. National Median
At $209,775, homes in Romulus cost 49% below the national median of $410,000. This makes Romulus a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Romulus?
20% Down Payment
$41,955
on $209,775
Monthly P&I
$1,094/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,389/mo
incl. taxes & insurance
Income Needed
$55,560
gross annual (30% rule)
10% Down Option
$20,978
+ PMI applies
Loan Amount (20% dn)
$167,820
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 Romulus, MI?
The median home value in Romulus is $209,775 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Romulus?
Over the past year, home values in Romulus have increased by 2.6%. Over five years, prices have risen approximately 23.8%.
How much do I need to earn to buy a home in Romulus?
To comfortably afford the median home price of $209,775 with a 20% down payment ($41,955) at today's rates (6.8%), you'd need a gross annual income of approximately $55,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Romulus compare to the national average home price?
The national median home value is approximately $410,000. At $209,775, homes in Romulus are 49% below the national average.
What metro area is Romulus part of?
Romulus is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.