In Jerome, a typical home is worth $225,400 and typical rent is $947 a month. Compared with all of Jerome County, the typical home value is 17% lower and typical household income is 7% lower.
Typical home value from Zillow, September 2021 to September 2026: from $322,394 to $399,649.
Typical rent
$1,700a month
Typical rent from Zillow, June 2026 to September 2026: from $1,667 to $1,700.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Jerome is in Jerome County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Jerome County. See the county
What this place has that others do not, from public data, most unusual first.
1
Jerome has the 2nd smallest share of rent-burdened renters of the 33 cities in Idaho with more than 5,000 people (31%).
2
Jerome has the 3rd lowest typical home value of the 36 cities in Idaho with more than 5,000 people ($225,400).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Jerome
What homes there are in Jerome, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Jerome
Jerome County
Idaho
United States
Kind of home: Jerome and its comparisons
Measure
Jerome
Jerome County
Idaho
United States
Detached house
78%
83%
74%
61%
Attached house
Unreliable estimate
2%
4%
6%
Building of 2 to 4
7%
4%
7%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
9%
19%
Mobile home
10%
10%
7%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Jerome, but it weighs less than in Jerome County: 78% against 83%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Jerome
Jerome County
Idaho
United States
Year built: Jerome and its comparisons
Measure
Jerome
Jerome County
Idaho
United States
Before 1960
25%
22%
17%
26%
1960–1979
29%
25%
22%
24%
1980–1999
16%
22%
25%
25%
2000–2009
15%
16%
18%
14%
2010 or later
15%
15%
18%
11%
In Jerome, half of the homes were built before 1978; in Jerome County, before 1983.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K14%
$100K–$200K23%
$200K–$300K37%
$300K–$500K24%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Jerome and its comparisons
Measure
Jerome
Under $100K
14%
$100K–$200K
23%
$200K–$300K
37%
$300K–$500K
24%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
The FHA limit for Jerome County is high ($541,287): at least 99% of owner-occupied homes in Jerome are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99945%
$1,000–$1,49936%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Jerome and its comparisons
Measure
Jerome
Under $500
Unreliable estimate
$500–$999
45%
$1,000–$1,499
36%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,211 a month
Jerome County: $1,363 a month
Without a mortgage
$445 a month
Jerome County: $496 a month
Owners with a mortgage
73%
Jerome County: 65%
The typical cost for an owner with a mortgage in Jerome is $1,211 a month, less than in Jerome County ($1,363); without one, $445.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Jerome+75%
Jerome County+65%
Idaho+97%
United States+53%
Typical rent
Jerome+22%
Jerome County+25%
Idaho+45%
United States+33%
Typical household income
Jerome+48%
Jerome County+36%
Idaho+40%
United States+29%
Change since 2015–2019: Jerome and its comparisons
Measure
Jerome
Jerome County
Idaho
United States
Typical home value
+75%
+65%
+97%
+53%
Typical rent
+22%
+25%
+45%
+33%
Typical household income
+48%
+36%
+40%
+29%
Since 2015–2019, homes in Jerome gained value faster than in Jerome County: 75% against 65%.
Rents in Jerome rose more slowly than in Jerome County: 22% since 2015–2019, against 25%.
The typical household income in Jerome rose 48% over that time; home values changed +75% and rent +22%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Jerome and its comparisons
Measure
Jerome
Jerome County
Idaho
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
3.9%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.7%
0.9%
More than one person per room
9.2%
6.2%
3.1%
3.4%
People per household
3.08
3.02
2.64
2.53
Drive alone
80%
81%
73%
69%
Carpool
14%
11%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
3%
3%
Work from home
5%
6%
13%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
More households are short on space in Jerome: 9.2% have more than one person per room; in Jerome County, 6.2%.
Much as in Jerome County, a household in Jerome has 3.08 people on average.
In Jerome, 80% of workers drive alone to work; in Jerome County, 81%.
Do the math
What would you pay each month for a home in Jerome?
A typical home is tight for the typical income
We start with a typical home in Jerome, worth $225,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Jerome, which is $66,894 a year. For that payment to be 28% of income, a household would need to earn about $78,026 a year.
The calculator's FHA and conventional loan limits are those of all of Jerome County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Jerome. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,889 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,821
at 7.18% · 30 years
Loan amount
$221,317
Total interest
$318,424
Paid off in
November 2056
Includes $3,806 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,561 a month
Tight
$1,561 to $2,007 a month
Your payment · 33%
Hard
more than $2,007 a month
Compared with the typical household income in Jerome ($66,894 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,499
Property tax
$128
Home insurance
$94
FHA mortgage insurance (MIP)
$100
You need at least $7,889 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,821; principal and interest $1,499.
The city and its county
Jerome and Jerome County
Jerome is in Jerome County, Idaho. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Jerome
Map of Jerome County, Idaho, with Jerome marked. Around it, the neighboring counties.
Jerome
Jerome County
Other cities with a page
Jerome's own numbers
Typical home value
$225,400
Typical monthly rent
$947
Typical yearly household income
$66,894
Households that own their home
73%
Effective property tax rate
0.68%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Jerome County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,166
Price change over 5 years (FHFA)
+83%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Jerome County.
A typical home in Jerome is worth $225,400: 17% below the county and 46% below Idaho. With the typical household income in Jerome ($66,894 a year), a typical home costs 3.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Jerome3.4 years
County3.8 years
Idaho5.4 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Jerome County
According to FHFA’s house price index, home prices in Jerome County rose 170% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Jerome County.
Yearly change in FHFA’s price index in Jerome County, 2016 to 2025
2016: +8.5% +8.5% 2016
2017: +4.7% +4.7% 2017
2018: +11.7% +11.7% 2018
2019: +8.6% +8.6% 2019
2020: +7.2% +7.2% 2020
2021: +25.2% +25.2% 2021
2022: +24.7% +24.7% 2022
2023: −0.5% −0.5% 2023
2024: +1.9% +1.9% 2024
2025: +15.5% +15.5% 2025
Change in FHFA’s price index in Jerome County, Idaho and the United States
Period
County
Idaho
U.S.
Last year (2025)
+15.5%
+2.3%
+2.9%
5 years (2020–2025)
+83%
+57%
+47%
10 years (2015–2025)
+170%
+149%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Jerome next to Jerome County, Idaho and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Jerome$225,400
County$271,800
Idaho$418,600
United States$332,700
Typical monthly rent
Jerome$947
County$966
Idaho$1,238
United States$1,413
Typical yearly household income
Jerome$66,894
County$71,724
Idaho$77,800
United States$80,734
See the full table
Jerome next to Jerome County and Idaho
Measure
Jerome
Jerome County
Idaho
U.S.
Typical home value
$225,400 ▼17% below the county
$271,800
$418,600
$332,700
Typical monthly rent
$947
$966
$1,238
$1,413
Typical yearly household income
$66,894 ▼7% below the county
$71,724
$77,800
$80,734
Households that own their home
73% ▼2 points below the county
75%
72%
65%
Typical yearly property tax
$1,531 ▼11% below the county
$1,725
$2,038
$3,119
Effective property tax rate
0.68% ▲0.05 points above the county
0.63%
0.49%
0.94%
Renters with high rent for their income
31% ▼4 points below the county
35%
47%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Jerome County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Jerome
For a typical $225,400 home in Jerome, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Jerome's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,821a month
Least cash to close
Down payment
$7,889
Cash to close
$14,651
Rate
7.18%
Mortgage insurance
FHA MIP · $100
Conventional, 5% down$1,779a month
Down payment
$11,270
Cash to close
$18,032
Rate
7.18%
Mortgage insurance
PMI · $107
Conventional, 20% down, no PMI$1,443a month
Down payment
$45,080
Cash to close
$51,842
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,652a month
Down payment
$33,810
Cash to close
$40,572
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Jerome
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,821
$7,889
$221,317
7.18%
FHA MIP · $100
$14,651
580
Conventional, 5% down
$1,779
$11,270
$214,130
7.18%
PMI · $107
$18,032
620*
Conventional, 20% down, no PMI
$1,443
$45,080
$180,320
7.18%
None
$51,842
620*
ITIN, 15% down (example)
$1,652
$33,810
$191,590
8.18%
None
$40,572
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Jerome is $947 a month: about the same as the county. In Jerome, 31% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Jerome County, by unit size. To pay the 2-bedroom one ($1,166 a month) without spending more than 30% of your income, you would need to earn $22.42 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Jerome County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$812
$15.62
$32,480
1 bedroom
$913
$17.56
$36,520
2 bedrooms
$1,166
$22.42
$46,640
3 bedrooms
$1,605
$30.87
$64,200
4 bedrooms
$1,791
$34.44
$71,640
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Jerome
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Jerome is in ZIP code 83338.
For 2 bedrooms it is $1,170: $4 more than the fair market rent for Jerome County ($1,166).
Fair market rent by ZIP code and size in Jerome, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
83338
$820
$920
$1,170
$1,610
$1,800
ZIP code2 bd3 bd
83338 $1,170$1,610
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Jerome when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 9 buildings with rents for lower incomes in Jerome. These are the largest.
Heritage Homes100 N Fillmore St, Jerome 8333850 low-income homes · Run by Housing Authority of the City Jerome · Average payment: $381 a month · Average wait: 11 months(208) 733-5765
Northside Court140 8th Ave E, Jerome 8333844 low-income homes · 1 bd: 20 · 2 bd: 24 · In service since 2008 · For families
Oaks II (THE)1911 N Kennedy St, Jerome 8333844 low-income homes · 3 bd: 44 · In service since 2009 · For families
Oaks (THE)1911 N Kennedy St, Jerome 8333840 homes, 39 low-income · 3 bd: 40 · In service since 2008 · For families
Baltray1285 S Lincoln Ave, Jerome 8333836 homes, 35 low-income · 1 bd: 4 · 2 bd: 28 · 3 bd: 4 · In service since 1998 · For families
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Jerome County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Jerome or Jerome County. The ones below are statewide in Idaho: they work in Jerome the same as in the rest of the state.
Idaho state association second mortgage for up to 8% of the price for the down payment or closing costs, repaid in small monthly installments along with the first mortgage; you do not need to be a first-time buyer.Offered by Idaho Housing and Finance Association.
No legal help resource on our list is for Jerome or Jerome County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Jerome and all of Jerome County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Jerome?
The typical home value in Jerome is $225,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Jerome County it is $271,800.
How much does it cost to rent in Jerome?
Typical rent in Jerome is $947 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Jerome County is $1,166.
What is the FHA loan limit in Jerome?
Jerome uses the FHA limit for all of Jerome County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Jerome?
The typical homeowner in Jerome pays $1,531 a year, according to the U.S. Census Bureau. That is 0.68% of the home’s value; in Jerome County, the rate is 0.63%.
Where can I find free help to buy or rent in Jerome?
We found no HUD-approved counseling agencies with an office in Jerome County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
