The housing market in Jerome, ID is thriving. The median value of houses in Jerome, ID is $334,300 which is slightly lower than the US House Median Value of $338,100. However, the house appreciation over the past year has been much higher in Jerome than the US average at 13.72% compared to 8.27%. This indicates that this area is an appealing place for people to invest in real estate and could be a wise choice for future homeowners looking to make a worthwhile purchase.
The median home cost in Jerome is $334,300. Home appreciation the last 10 years has been 167.8%. Home Appreciation in Jerome is up 21.1%.
Average Age of Homes
- The median age of Jerome real estate is 42 years old
The Rental Market in Jerome
- Renters make up 37.4% 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.