Similar to its surrounding areas, it is substantially less expensive compared to the rest of the country. However it is substantially more expensive compared to the city of Detroit.
Home prices
The median home in Romulus is valued at $97,300. It is roughly $2,560 (2%) lower compared to its nearby areas.Compared to the country as a whole it is roughly $120,200 (55%) lower, and in comparison to the city of Detroit it is about $48,100 (97%) higher.
Rents
Romulus's median rent is $933 a month. This is approximately $91 (10%) higher compared to the surrounding areas.In comparison to the rest of the country it is about $129 (12%) lower, and is approximately $109 (13%) higher in comparison to the city of Detroit.
Nearby places
Wayne
Wayne is Romulus's neighbor to the north. Real estate prices there are a little less expensive. The median home price in Wayne is $85,100, which is $12,200 (14%) lower than Romulus. The rent there is somewhat less expensive. The median monthly rent in Wayne is $759, which is $174 (22%) lower than Romulus.
Taylor
Taylor is Romulus's neighbor to the east. Housing prices there are fairly similar. The value of the median home in Taylor is $96,300, which comes out to $1,000 (1%) lower than Romulus. Its rents are somewhat less expensive. In Taylor the median rent is $880 per month, which is $53 (6%) lower than Romulus.
Westland
Westland is Romulus's neighbor to the north. Its real estate prices are somewhat more expensive. Westland's median home price is $121,100, which comes out to $23,800 (19%) higher than Romulus. The rent there is fairly similar. Westland's median monthly rent is $894, which works out to $39 (4%) lower than Romulus.
Inkster
Inkster is about 5 miles northeast of Romulus. Its housing prices are a lot less expensive. The median home cost in Inkster is $48,700, which is $48,600 (99%) lower than Romulus. Rents there are a little less expensive. Inkster's median monthly rent is $887, which works out to $46 (5%) lower than Romulus.
Belleville
Belleville is approximately 5 miles west from Romulus. Its housing prices are a lot more expensive. The cost of the median home in Belleville is $148,100, which works out to $50,800 (34%) higher than Romulus. Rents there are a bit less expensive. The median monthly rent in Belleville is $791, which is $142 (17%) lower than Romulus.
