Housing in Jerome, AR is significantly less expensive than the median value of housing across the United States, which is currently $338,100. The median value of housing in Jerome is only $71,900. Unfortunately, this past year has seen a dramatic decrease in the appreciation rate for homes in Jerome with an astonishing -100%. This contrasts sharply with the US house appreciation rate over the same period of 8.27%. These figures demonstrate that buying property in Jerome can be a very cost effective option compared to most other parts of the country.
The median home cost in Jerome is $71,900. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Jerome is up 19.7%.
Average Age of Homes
- The median age of Jerome real estate is 54 years old
The Rental Market in Jerome
- Renters make up 27.3% of the Jerome population
- 0.0% 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.