Much like the surrounding areas, it is a bit less expensive compared to the United States as a whole. Compared to the city of Detroit however, it's significantly more expensive.
Home prices
The median home price in Romeo is $189,000. Compared to its nearby areas this is about $2,640 (1%) lower.Compared to the US as a whole it is roughly $28,500 (13%) lower, and compared to the city of Detroit it is approximately $139,800 (284%) higher.
Rents
Romeo's median rent is $785 a month. It is approximately $156 (16%) lower compared to the surrounding areas.Compared to the country as a whole it is about $277 (26%) lower, and in comparison to the city of Detroit is approximately $39 (4%) lower.
Nearby places
Armada
Armada is approximately 5 miles northeast from Romeo. Its housing prices are somewhat less expensive. The median home in Armada is valued at $163,100, which works out to $25,900 (15%) lower than Romeo. Rent there is fairly similar. Armada's median monthly rent is $808, which works out to $23 (2%) higher than Romeo.
Leonard
Leonard is approximately 7 miles northwest of Romeo. Real estate prices there are somewhat less expensive. Leonard's median home cost is $148,500, which works out to $40,500 (27%) lower than Romeo. Rent there is somewhat more expensive. The median rent in Leonard is $1,097 a month, which is $312 (28%) higher than Romeo.
Almont
Almont is about 7 miles north of Romeo. Housing prices there are somewhat less expensive. The price of the median home in Almont is $159,700, which works out to $29,300 (18%) lower than Romeo. The rent there is a little less expensive. The median rent in Almont is $727 per month, which works out to $58 (7%) lower than Romeo.
Rochester
Rochester is roughly 9 miles southwest of Romeo. Real estate prices there are substantially more expensive. The median home cost in Rochester is $366,100, which is $177,100 (48%) higher than Romeo. Rents there are somewhat more expensive. The median monthly rent in Rochester is $1,046, which works out to $261 (24%) higher than Romeo.
New Haven
New Haven is approximately 10 miles southeast from Romeo. The housing prices there are a lot less expensive. The median home price in New Haven is $120,800, which comes out to $68,200 (56%) lower than Romeo. The rent there is somewhat more expensive. The median rent in New Haven is $1,025 per month, which is $240 (23%) higher than Romeo.
