Romeo is a small village present in the Macomb County in Michigan. Unlike other cities in the state of Michigan, Romeo has a lower population; however, it has an excellent median household income. It is very close to Bruce Township and the Washington Township, and Armada Town is adjacent to the east.
Romeo Village was initially named the Indian Village as the first people to inhabit the settlement were the Chippewa Indians. By 1830, more people began to settle in the village, and the residents of the village named it Hoaxie, after a person who owned one of the first inns in the village. By 1839, the Hoxie settlement became incorporated, and the village finally got the name Romeo.
One of the most famous attractions of Romeo, other than its very on the nose name, is the city’s appreciation for the Juliette community in Georgia. The post office in Romeo and Georgia produce similar and joint postmarks on February 14th every year.
This tradition started in 1994 and has gone on till this day. Another attraction of Romeo is the Tillson Street, and their many Halloween attractions. The Halloween decorations of Tillson Street are in many ways a community event that various people indulge in.
Romeo - Demographics
The total number of residents in Romeo is a little over 3500, with the largest racial demographic being Whites (91.9%) and the second largest being Hispanic or Latino (5.7%). Other ethnicities include African Americans (3.8%), Asians (0.5%), and Native Americans (0.2%). The median age of the population of Romeo is quite old, with 42 years. While the unemployment rate in the village is 5.6%, the median household income is one of the best in the state, at a little over $50,000.
Living in Romeo
Cost of housing in Romeo has seen a steady rise since the 2010s, with an approximate 12% increase in property values, and the current median price for a house is about $160,000. The ownership rate in Romeo is also good as 69.8% of the residents in Romeo own their own homes.
Although a large part of the village is residential, there is still a large portion of the city that has plenty of office space. Office buildings in Romeo take up nearly 106,112 square feet, which excludes space reserved for industrial buildings.
While this area may be small as compared to other cities in Michigan, as of now there are no plans to increase the area. Romeo is a village that prefers to keep its historic roots, something that it does with a multitude of small shops and various small markets. That being said, the most common industries in Romeo are manufacturing and retail. These industries make up for the most of village’s economy.
Romeo - Commute to Work
Commute to work in Romeo is approximately 25 minutes, through the Drove Alone. Car ownership is also very high in the city, with an average of two cars in every house. Although Romeo is quite small, traffic can be quite an issue, which makes for a relatively long travel time to the office.
Commercial Real Estate in Romeo
Romeo is a great place to invest in commercial real estate due to the lack of competition. But investing in a new place can be quite risky, which is where we can help you. Our experts will be able to help you find the perfect real estate property for you, whether it is for investment or running your business.
Investing is a very big risk for any individual, especially when it is in a place that they do not have enough information about. However, our experts will help you analyze the property that will best suit you and your business, so that you won’t be getting more than you need. Our experts will also help you in negotiating a mutually beneficial deal with the right property owner. We also have ties with a variety of property owners in Romeo, so we will help you make the right choice.