Romulus Urban Renewal 1
Closed-sale statistics for Romulus Urban Renewal 1, with the property-tax reality attached — computed 2025-09-01 to 2026-09-01, not scraped from listings.
- Median sale price
- $294,000
- Median days on market
- 13
- List-to-sale ratio
- 98.6%
8 closed sales, 2025-09-01 to 2026-09-01
What taxes actually become here
Michigan taxable value uncaps the year after you buy (MCL 211.27a). At this subdivision's median price of $294,000, in Romulus Community School District at 50.69 homestead mills, the year-two bill is approximately $7,451 — regardless of what the seller currently pays. The listing will almost certainly show less. Run your own number.
How Romulus Urban Renewal 1 compares in Romulus
Of the 6 Romulus subdivisions and condo projects we publish statistics for, Romulus Urban Renewal 1's $294,000 median ranks 2 of 6 — 58% above the tracked-Romulus median of $186,200.
| Project | Median sale | Sales | Year-2 tax |
|---|---|---|---|
| The Ponds At Gateway | $300,700 | 6 | $7,621 |
| Romulus Urban Renewal 1 | $294,000 | 8 | $7,451 |
| Grand Park | $192,400 | 7 | $4,876 |
| Greenview | $180,000 | 11 | $4,562 |
| Wyndclift Estates | $175,000 | 7 | $4,435 |
| Oakbrook | $144,300 | 6 | $3,657 |
Year-2 tax is the estimated post-uncapping homestead bill at each project's median price. Ranked by median closed price, 2025-09-01 to 2026-09-01.
This is the median. Your number depends on the address.
Median statistics cannot price a specific house. For one address we can compute the year-two tax bill, the escrow impact, eligibility for down-payment programs, and — if you own here — what a sale would actually net after transfer tax and payoff.
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Common questions
What is the median home price in Romulus Urban Renewal 1?
The median closed sale price in Romulus Urban Renewal 1 (Romulus) is $294,000, from 8 sales 2025-09-01 to 2026-09-01.
What will property taxes be after buying in Romulus Urban Renewal 1?
At the median price, taxable value uncaps to roughly $147,000 and the year-two bill in Romulus Community School District is approximately $7,451 at homestead rates.
How does Romulus Urban Renewal 1 compare with other Romulus subdivisions?
Its $294,000 median ranks 2 of 6 Romulus projects we track — 58% above the tracked-city median of $186,200.
More context: Romulus property tax rates · school district breakdowns · all calculators