Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 11,520 people, 3,284 houses or apartments, and a median cost of homes of $94,077, house prices in Roma are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Roma, accounting for 69.84% of the city's housing units. Other types of housing that are prevalent in Roma include duplexes, homes converted to apartments or other small apartment buildings ( 10.49%), large apartment complexes or high rise apartments ( 9.77%), and a few mobile homes or trailers ( 9.68%).
People in Roma primarily live in small (one, two or no bedroom) single-family detached homes. Roma has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Roma built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Roma built between 2000 and later ( 25.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.14%).
Vacant housing appears to be an issue in Roma. Fully 19.55% of the housing stock is classified as vacant. Left unchecked, vacant Roma homes and apartments can be a drag on the real estate market, holding Roma real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Roma's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Roma during the period has been just 5.14%, which is lower than 80% of US communities.
Over the last year, Roma appreciation rates have trailed the rest of the nation. In the last twelve months, Roma's appreciation rate has been 4.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roma were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Roma's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.
$94,077
for Texas
for nation
3,284
$775 / per month