The housing in Jerome, AZ is considerably more expensive than the US House Median Value of $338,100. The median value of housing in Jerome, AZ is $442,000 which is a 31% difference. Moreover, the 1 year house appreciation rate in Jerome, AZ was 9.24%, higher than the national average of 8.27%. This suggests that Jerome, AZ has a real estate market that is growing faster than the national average and therefore is an attractive place to invest in property.
The median home cost in Jerome is $442,000. Home appreciation the last 10 years has been 175.2%. Home Appreciation in Jerome is up 19.5%.
Average Age of Homes
- The median age of Jerome real estate is 78 years old
The Rental Market in Jerome
- Renters make up 29.1% of the Jerome population
- 2.3% of houses and apartments in Jerome, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.