Multi-family Foreclosures in Jerome, IL

Current Market Conditions in Jerome, IL

Jerome has seen a steady increase in real estate interest over the past year, attributed to its affordability and proximity to Springfield. The demand for single-family homes has risen, with many buyers drawn to the area's peaceful environment and community-driven activities. As a result, home values have been appreciating steadily, making this a promising market for potential buyers and investors alike.

It is observed that the market for rentals is also quite competitive due to the influx of new residents seeking affordable housing. This trend is expected to continue as more people discover the charms of suburban living in Jerome.

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.