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Romeo

Learn about the people, housing, costs and businesses in Romeo, Colorado

Median Home$177,700
Median Rent$743/month
Population309
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade9% finance & insurance
Home Value Growth⬆⬆⬆+27.5% over 2 years
Young Adults24% of residents
Homeowners77% of occupied units
Romeo
CO

Frequently Asked Questions

What are today's mortgage rates in Romeo?

As of today, the 30-year fixed mortgage rate for Romeo is approximately 6.985% (7.024% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Romeo?

The median home value in Romeo is $178k. The median monthly rent is $743. Annual property taxes average $684. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Romeo?

Home values in Romeo have increased 27.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Romeo?

Based on a typical all-in ownership cost of $506/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Romeo is $51k/year.

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What industries drive the economy in Romeo?

The largest employment sectors in Romeo are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.