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Foreclosure Homes in Jerome, AZ

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Jerome, AZ Foreclosures

How much do homes sell for in Jerome, AZ?
The average home price is currently $489,967.
In Jerome, AZ, how many homes are available?
There are currently 5 active home listings available in Jerome.
What’s the average rental cost in Jerome, AZ?
The average rental price in Jerome is $1,528.
What is the most expensive home in Jerome?
The most expensive home sold in Jerome had a price of $5,741,100.
What is currently the cheapest priced home in Jerome, AZ?
The cheapest home for sale in Jerome is priced at $36,380.

Living in Jerome, AZ

Jerome, AZ is a historic mining town turned artistic haven, known for its stunning views and rich cultural heritage. Residents enjoy a vibrant community atmosphere with local art, galleries, and outdoor activities. The proximity to larger cities enhances its appeal for those seeking a unique living environment.

Current Market Conditions in Jerome, AZ

The real estate market in Jerome has seen a steady increase in interest, particularly from those seeking vacation homes or retirement properties. With its unique charm and cultural significance, the demand for homes has been on the rise, creating a favorable environment for real estate investments.

While property prices are relatively affordable compared to larger urban areas, Jerome's market shows signs of appreciating value due to its desirability as an artistic enclave and tourist destination, making it a strategic choice for investors.

Home Value Estimator For Jerome, AZ

There are currently 221 real estate properties in Jerome, AZ, with a median automated valuation model (AVM) price of $436,679.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Jerome, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Jerome, AZ, is $489,967.00, with the most expensive house in Jerome, AZ, topping out at $5,741,100.00 and the cheapest home in Jerome, AZ, clocking in at $36,380.00. In other words, there’s something for every potential homebuyer or savvy investor in Jerome, AZ!

Rent Prices In Jerome, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Jerome, AZ, is on a rollercoaster ride. The average rent price in Jerome, AZ, is $1,528.00. Indeed, when looking to rent in Jerome, AZ, you can expect to pay as little as $650.00 or as much as $3,240.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Jerome, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Jerome, AZ Foreclosures


Market Trend for Jerome, AZ

Total Listings Available: 5

Market Values:

Home Prices from $36,380 to $5,741,100

Average Sales Price: $489,967

Rental Values:

Rental from $650 to $3,240

Average Rent Value: $1,528 / month

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