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 $114,735, lower than the Illinois average of $242,002.
The average cost of rent is $849/mo in Jerome, primarily driven by the current value of real estate in the Jerome area. While nearly 30.77% of residents own their homes outright in Jerome, 35.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Jerome is $4,448 per month. Households that rent pay about 19.09% of their income on rent here. Jerome's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Leland Grove, IL: higher priced homes
- Springfield, IL: higher priced homes
- Southern View, IL: less expensive homes
- Bradfordton, IL: higher priced homes
- Curran, IL: higher priced homes
- Archer, IL: equally priced homes
- Chatham, IL: higher priced homes
- Clear Lake, IL: less expensive homes
- Rochester, IL: higher priced homes
- Devereux Heights, IL: less expensive homes
Cities with Similar Populations
- Patterson, GA: equally priced homes
- Sandy Hook, MS: equally priced homes
- Ruby, SC: less expensive homes
- Round O, SC: less expensive homes
- Rolling Fork, MS: less expensive homes
- Rockville, GA: higher priced homes
- Rapidan, VA: higher priced homes
- Questa, NM: higher priced homes
- Plumerville, AR: equally priced homes
- Pennock, MN: higher priced homes
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