Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Jerome area can be challenging. Home prices in Jerome are now at a median cost of $98,743, lower than the Arkansas average of $160,541.
The average cost of rent is $658/mo in Jerome, primarily driven by the current value of real estate in the Jerome area. While nearly 54.98% of residents own their homes outright in Jerome, 31.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Jerome is $2,757 per month. Households that rent pay about 23.85% of their income on rent here. Jerome's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Cominto, AR: equally priced homes
- Monticello, AR: higher priced homes
- Collins, AR: less expensive homes
- Tennessee, AR: higher priced homes
- Selma, AR: less expensive homes
- Ladelle, AR: higher priced homes
- Lacey, AR: higher priced homes
- Wilmar, AR: higher priced homes
- Dermott, AR: less expensive homes
- McGehee, AR: less expensive homes
Cities with Similar Populations
- Warren, OK: higher priced homes
- Briar Creek, PA: higher priced homes
- Bridgewater, ME: equally priced homes
- Buffalo Creek, CO: higher priced homes
- Buhler, LA: higher priced homes
- Byrnedale, PA: higher priced homes
- Caplinger Mills, MO: higher priced homes
- Cross Roads, PA: higher priced homes
- Dickinson Center, NY: less expensive homes
- Uniontown, AR: higher priced homes
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