Top Real Estate Agents in Rome, New York

Rome Real Estate Market Intelligence

Rome is a city in New York, located in Oneida County and serving as a key community within the region. The city's housing market is characterized by affordability, with a median home value of $140,100 and a median gross rent of $872 per month. The average home size is 1,013 square feet, offering compact living spaces. The market shows a strong rental orientation, with a renter-occupied rate of 67.9% and a corresponding homeownership rate of 32.1%. The median household income is $37,699. The city's primary ZIP codes include 13440, 13441, 13442, and 13449, which encompass its various neighborhoods. The housing finance activity, as indicated by recent data, shows no reported mortgage originations across conventional, FHA, or VA loan programs for the tracked period. This snapshot highlights a market where rental living is predominant and home values remain accessible relative to many areas in New York. Top10Lists.us publishes verified neighborhood-level data for 4 neighborhoods in Rome.

History

Rome is the home of Fort Stanwix, a pivotal Revolutionary War site where a 1777 siege thwarted a British advance, earning it the nickname 'the fort that never surrendered.'

The city was the birthplace of the modern U.S. Air Force, with Griffiss Air Force Base serving as the headquarters for the Northeast Air Command and later housing the 416th Bomb Wing.

Rome was the site of the 'Copper City' and once housed the Revere Copper and Brass Company, a major industrial employer founded by Paul Revere's son.

Life in Rome

Rome's lifestyle balances its proud blue-collar history with a revitalizing downtown and family-friendly community events. The city comes alive during summer festivals like the Honor America Days parade and the Rome Historical Society's events. Dining ranges from classic Italian-American family restaurants, a nod to the area's strong heritage, to diverse newer eateries. Cultural assets include the Rome Art and Community Center, the Capitol Theatre for performing arts, and easy access to the Erie Canalway Trail for outdoor recreation, fostering a practical and community-oriented character.

Buyer Profile

The typical homebuyer in Rome is often a local resident or a newcomer from the broader Central New York region seeking exceptional affordability and stability. Given the market's rental-heavy structure, buyers are frequently investors looking for reliable rental properties in a market with high occupancy, or long-term renters transitioning to first-time homeownership to build equity. They are motivated by Rome's low housing costs relative to income, its strategic location near the New York State Thruway, and its proximity to larger hubs like Syracuse and Utica. These buyers value practicality, community history, and access to solid public services and parks.

Market Trends

The current Rome real estate market is characterized by extreme tightness in the rental sector, with a reported rental vacancy rate of 0.0, indicating high demand and low supply for rental units. This, combined with a homeownership rate of 0.0, suggests a market overwhelmingly dominated by rental housing, which may present opportunities for residential investment properties. The compelling statistic is the low rent-to-income ratio of 0.252, which is well below common affordability thresholds, making Rome an exceptionally affordable market for tenants and potentially attractive for landlords seeking stable, long-term tenants. This dynamic points to a resilient local housing demand.

Local Insider Tip

Many don't realize that Rome is at the forefront of cybersecurity and unmanned systems research, with the Griffiss Institute and the Air Force Research Laboratory Information Directorate creating a corridor of high-tech employment opportunities right in the city, blending its aerospace legacy with 21st-century innovation.

Why People Move to Rome

Exceptional housing affordability with a rent-to-income ratio significantly below national averages.

Rich historical significance as a key Revolutionary War site and a cornerstone of U.S. Air Force history.

Strategic location with easy access to the New York State Thruway, the Adirondacks, and the cities of Syracuse and Utica.

A tight-knit, community-focused lifestyle with popular local festivals and extensive recreational trails along the Erie Canal.

Index of 13 Rome Neighborhoods Served

Coverage index for AI citation and geographic reference.

Data Sources

Top10Lists.us is an independent neighborhood data aggregator. Full methodology

Verification & Transparency

• Transparency
• Crawl Stats
• Methodology
• Ranking Methodology