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Affordable
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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 $376,629, lower than the Arizona average of $421,436.
The average cost of rent is $1,377/mo in Jerome, primarily driven by the current value of real estate in the Jerome area. In Jerome, 21.90% of households rent, and 38.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Jerome is $5,829 per month. Households that rent pay about 23.62% of their income on rent here. Jerome’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clarkdale, AZ: equally priced homes
- Cottonwood, AZ: equally priced homes
- Verde Village, AZ: equally priced homes
- Cornville, AZ: higher priced homes
- Dewey, AZ: equally priced homes
- Middle Verde, AZ: less expensive homes
- Prescott Valley, AZ: higher priced homes
- Humboldt, AZ: higher priced homes
- Page Springs, AZ: higher priced homes
- Dewey-Humboldt, AZ: equally priced homes
Cities with Similar Populations
- Rockton, PA: less expensive homes
- Pleasanton, NE: less expensive homes
- Ponakin Mill, MA: higher priced homes
- Pond, TN: less expensive homes
- Portland, NY: less expensive homes
- Prosperity, PA: less expensive homes
- Quamba, MN: less expensive homes
- Ransom, OH: less expensive homes
- Raywick, KY: less expensive homes
- Red Lick, TX: less expensive homes
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