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 $209,023, higher than the Michigan average of $196,062.
The average cost of rent is $853/mo in Jerome, primarily driven by the current value of real estate in the Jerome area. While nearly 41.35% of residents own their homes outright in Jerome, 7.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Jerome is $5,630 per month. Households that rent pay about 15.15% of their income on rent here. Jerome's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Somerset Center, MI: less expensive homes
- Somerset, MI: equally priced homes
- Moscow, MI: less expensive homes
- Cement City, MI: less expensive homes
- Horton, MI: less expensive homes
- Clarklake, MI: higher priced homes
- North Adams, MI: less expensive homes
- Addison, MI: equally priced homes
- Liberty, MI: less expensive homes
- Hanover, MI: less expensive homes
Cities with Similar Populations
- Highspire, PA: less expensive homes
- Chico, TX: equally priced homes
- Cobden, IL: less expensive homes
- Sebree, KY: less expensive homes
- Ashville, NY: less expensive homes
- Magdalena, NM: less expensive homes
- Manawa, WI: less expensive homes
- Markleville, IN: less expensive homes
- Marriott-Slaterville, UT: higher priced homes
- Mexico, ME: less expensive homes
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