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Rent To Own Homes in Jerome, ID

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Jerome, ID Foreclosures

How much do homes sell for in Jerome, ID?
The average home price is currently $303,184.
In Jerome, ID, how many homes are available?
There are currently 15 active home listings available in Jerome.
What’s the average rental cost in Jerome, ID?
The average rental price in Jerome is $1,030.
What is the most expensive home in Jerome?
The most expensive home sold in Jerome had a price of $3,312,573.
What is currently the cheapest priced home in Jerome, ID?
The cheapest home for sale in Jerome is priced at $24,640.

Living in Jerome, ID

Jerome, Idaho, is a vibrant small city rich in agricultural heritage and known for its welcoming community. With access to outdoor adventures and quality education, it offers a balanced lifestyle for families and individuals seeking a peaceful setting. The town is also conveniently located near larger cities, providing ample resources while retaining a small-town charm.

Current Market Conditions in Jerome, ID

The real estate market in Jerome has shown steady growth over the past year, with an increased interest in single-family homes. The affordability of properties compared to larger urban areas has attracted new residents, contributing to a competitive market. Buyers are particularly drawn to homes with larger lots and easy access to outdoor spaces.

As of late 2023, Jerome's housing market exhibits a trend towards rising home prices, driven by limited inventory and increased demand. Average days on the market have decreased, indicating a favorable condition for sellers. However, buyers still find opportunities for investment in the area, especially for multi-family units and rental properties.

Home Value Estimator For Jerome, ID

There are currently 3,637 real estate properties in Jerome, ID, with a median automated valuation model (AVM) price of $295,498.00. 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 $303,184.00, with the most expensive house in Jerome, ID, topping out at $3,312,573.00 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 Rent To Own Homes

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