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Preforeclosure Homes in Jerome, ID

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Living in Jerome, ID

Jerome, ID is a quaint, tight-knit community ideal for families and outdoor lovers alike. The town offers a range of local amenities, ranging from parks to shops, and has a commitment to education with several quality schools. With its beautiful landscapes and friendly atmosphere, Jerome is perfect for those looking for a small-town feel with easy access to nature.

Current Market Conditions in Jerome, ID

The real estate market in Jerome, ID has shown a steady increase in property values over the past year, reflecting the growing interest in the area. Buyers are attracted to Jerome due to its affordable housing options and the appealing lifestyle it offers. Prices for homes have generally remained accessible while inventory levels are starting to decline, indicating a potential shift towards a seller's market.

The current housing market is favorable to sellers, as inventory continues to tighten, leading to more competition among buyers. Jerome's charm and community-focused amenities contribute significantly to demand, making it a sought-after location for new residents.

Home Value Estimator For Jerome, ID

There are currently 3,639 real estate properties in Jerome, ID, with a median automated valuation model (AVM) price of $296,076.00. 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, ID, 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, ID, is $302,805.00, with the most expensive house in Jerome, ID, topping out at $3,336,499.00 and the cheapest home in Jerome, ID, clocking in at $24,640.00. In other words, there’s something for every potential homebuyer or savvy investor in Jerome, ID!

Rent Prices In Jerome, ID

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Jerome, ID, is on a rollercoaster ride. The average rent price in Jerome, ID, is $1,030.00. Indeed, when looking to rent in Jerome, ID, you can expect to pay as little as $700.00 or as much as $1,410.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Jerome, ID -- 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, ID Preforeclosure Homes


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