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Advertise here →Romulus, MI · Market Data
Romulus, Michigan real estate market data.
Real estate market data for Romulus, MI (Wayne County) — Census median home value $149,100, county listing prices down about 3.1% over the past year.
Romulus, MI is in Wayne County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 24,951, with a median household income of $72,235. Census data puts Romulus's median home value at $149,100 (all owner-occupied homes); Wayne County's current median listing price runs $155,000, down about 3.1% over the past year.
At a glance
Romulus market snapshot
Population
24,951
Median Household Income
$72,235
Median Home Value (city)
$149,100
Median Listing Price (Wayne County)
$155,000
Median Gross Rent
$1,050/mo
Price Trend (YoY)
-3.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Romulus different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Romulus's median home value — across all owner-occupied homes, not just recent sales — at $149,100. Separately, Wayne County's current median listing price (via Realtor.com data, 2026-06-01) runs $155,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Wayne County's FHFA house price index shows a 5.27% annual change in 2025.
Population & Income
Romulus has an estimated population of 24,951 and a median household income of $72,235, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Romulus's Census-reported median home value works out to about 2.1x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Romulus FAQ
What are home values like in Romulus, MI?
The Census Bureau's American Community Survey puts Romulus's median home value at $149,100. Wayne County's current median listing price runs $155,000, down about 3.1% over the past year.
What is the population of Romulus, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Romulus's population at approximately 24,951.
What's the median rent in Romulus, MI?
The Census ACS estimates median gross rent in Romulus at approximately $1,050 per month.
What is the median household income in Romulus, MI?
Census ACS data puts the median household income in Romulus at approximately $72,235.
Is the Romulus housing market growing?
Wayne County's FHFA house price index shows a 5.27% annual change in 2025.
Is Romulus, MI affordable relative to income?
Census ACS data puts Romulus's median home value at about 2.1 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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