Foreclosure Homes in Jerome, IL

Current Market Conditions in Jerome, IL

The current real estate market in Jerome is characterized by steady demand and a relatively affordable housing market. Homes in the area are typically priced lower than many surrounding communities, making it an attractive option for first-time homebuyers and those looking to invest in real estate.

Recently, there has been an uptick in interest in Jerome as people seek out homes in quieter locations. This trend has led to competitive listings, although prices remain accessible. The town's charm and proximity to Springfield have made it appealing for both families and commuters.

Rent Prices In Jerome, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Jerome, IL, is on a rollercoaster ride. The average rent price in Jerome, IL, is $1,069.00. Indeed, when looking to rent in Jerome, IL, you can expect to pay as little as $730.00 or as much as $1,370.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Jerome, IL -- 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.