Is Rome, NY a good place to invest in rental property?

Rome, NY has a median modeled monthly cash flow of $-106 and a median cap rate of 5.6%, on a median sold price of $185,000. Prices changed +5.4% year over year.

What is the average cap rate in Rome, NY?

The median cap rate across recently sold homes in Rome, NY is 5.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rome, NY?

The median sold price in Rome, NY is $185,000 (about $137 per square foot).

Investing in Rome, NY Real Estate

A data-driven snapshot of the Rome, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$185,000Median sold price

$137Median $/sqft

5.6%Median cap rate

$-106Modeled cash flow / mo

+5.4%Appreciation YoY

8.3Months of supply

267Active listings

387Sold (last 12 mo)

What the Rome numbers say

In Rome, NY, the median home sold for $185,000 (about $137 per square foot), and the typical deal models out to a 5.6% cap rate with a median $-106 of monthly cash flow. Sold prices moved +5.4% over the past year. Inventory sits at about 8.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Rome cash-flowing listings

CashFlowRE ranks every for-sale home in Rome, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Rome deals, or browse the national market data.