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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 $182,199, lower than the Missouri average of $246,641.
The average cost of rent is $756/mo in Jerome, primarily driven by the current value of real estate in the Jerome area. In Jerome, 9.19% of households rent, and 58.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Jerome is $6,669 per month. Households that rent pay about 11.33% of their income on rent here. Jerome’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Franks, MO: equally priced homes
- Newburg, MO: equally priced homes
- Dixon, MO: equally priced homes
- Devils Elbow, MO: equally priced homes
- Hooker, MO: higher priced homes
- Hayden, MO: higher priced homes
- Doolittle, MO: higher priced homes
- Helm, MO: equally priced homes
- St. Robert, MO: higher priced homes
- Rolla, MO: equally priced homes
Cities with Similar Populations
- Dunbar, TN: equally priced homes
- Cove Neck, NY: higher priced homes
- Coyville, KS: less expensive homes
- Crag, WV: less expensive homes
- Worthen, AR: higher priced homes
- Woodsville, NJ: higher priced homes
- Curran, MI: less expensive homes
- Wonalancet, NH: higher priced homes
- Cylinder, IA: equally priced homes
- Dakota, GA: less expensive homes
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