The housing market in Jerome, IL is thriving with a median value of $128,400 - significantly lower than the US house median value of $338,100. Additionally, the appreciation rate for housing in Jerome is higher than the US average at 10.41% compared to 8.27%. This makes Jerome an attractive option for those looking to buy or invest in real estate as prices are much lower and the appreciation rate is higher.
The median home cost in Jerome is $128,400. Home appreciation the last 10 years has been 37.2%. Home Appreciation in Jerome is up 13.5%.
Average Age of Homes
- The median age of Jerome real estate is 63 years old
The Rental Market in Jerome
- Renters make up 18.3% of the Jerome population
- 1.6% 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.