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Short Sale Listings in Jerome, ID

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Living in Jerome, ID

Jerome, Idaho offers a unique combination of rural charm and convenient access to modern amenities. This friendly community is perfect for families and outdoor enthusiasts, featuring various parks and recreational activities. The local schools provide quality education, making it an ideal place to settle down.

Current Market Conditions in Jerome, ID

The real estate market in Jerome is currently on the rise, with a mix of single-family homes and agricultural properties becoming available. Prices have seen a steady increase due to heightened demand, attracting both investors and first-time buyers.

Investors will find that the city offers a variety of housing options at comparatively affordable prices, making it a promising location for rental properties and potential appreciation in value as the market continues to grow.

Home Value Estimator For Jerome, ID

There are currently 3,638 real estate properties in Jerome, ID, with a median automated valuation model (AVM) price of $288,800.00. 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 $299,136.00, with the most expensive house in Jerome, ID, topping out at $3,269,866.00 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 Short Sale Listings


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