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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 $279,195, lower than the Idaho average of $450,170.
The average cost of rent is $1,092/mo in Jerome, primarily driven by the current value of real estate in the Jerome area. In Jerome, 23.86% of households rent, and 32.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Jerome is $6,393 per month. Households that rent pay about 17.07% of their income on rent here. Jerome’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Falls City, ID: higher priced homes
- Wendell, ID: higher priced homes
- Sugar Loaf, ID: higher priced homes
- Filer, ID: higher priced homes
- Twin Falls, ID: higher priced homes
- Buhl, ID: higher priced homes
- Kimberly, ID: higher priced homes
- Clover, ID: higher priced homes
- Hansen, ID: higher priced homes
- Eden, ID: equally priced homes
Cities with Similar Populations
- Bull Run, VA: higher priced homes
- Temple, GA: equally priced homes
- Tehachapi, CA: higher priced homes
- Central, LA: equally priced homes
- Center Point, AL: less expensive homes
- Cedarburg, WI: higher priced homes
- Camp Springs, MD: higher priced homes
- Caldwell, NJ: higher priced homes
- Byron, GA: less expensive homes
- Tinton Falls, NJ: higher priced homes
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