Living in Jerome, PA
Jerome, PA is a picturesque town that combines scenic natural beauty with a close-knit community vibe. It is an appealing destination for those seeking a peaceful lifestyle with outdoor recreational opportunities. With local amenities and schools, it provides a good balance of rural living and access to educational resources.
Current Market Conditions in Jerome, PA
The real estate market in Jerome is characterized by affordability and low competition, making it an attractive option for investors looking for properties with strong potential returns. Housing prices in this area remain relatively stable compared to more urban settings, creating an opportunity for higher rental yields.
Recent trends indicate a growing interest in rural properties, especially among buyers looking for second homes or retirement options. This shift in interest supports the potential for price increases in the coming years, as more people seek the tranquility of small-town living.
Home Value Estimator For Jerome, PA
There are currently 202 real estate properties
in Jerome, PA,
with a median automated valuation model (AVM) price
of $88,676.00. 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, PA, 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, PA,
is $104,607.00, with the most expensive house
in Jerome, PA, topping out
at $768,413.00 and the cheapest home
in Jerome, PA,
clocking in at $23,416.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Jerome, PA!
Rent Prices
In Jerome, PA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Jerome, PA, is on
a rollercoaster ride. The
average rent price in Jerome, PA,
is $802.00. Indeed, when looking to rent in
Jerome, PA, you can expect to pay as little
as $580.00 or as much
as $1,810.00,
with the average rent median estimated to
be $770.00. The good news is that finding
an affordable and desirable property to rent in Jerome, PA
-- 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.
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