Much like its surrounding areas, it's a lot less expensive compared to the US as a whole. Compared to the city of Twin Falls however, it's a bit less expensive.
Home prices
The median home price in Jerome is $128,800. It is approximately $2,680 (2%) higher in comparison to other places in this area.Compared to the United States as a whole it is about $88,700 (40%) lower, and in comparison to the city of Twin Falls is roughly $33,200 (20%) lower.
Rents
The median monthly rent in Jerome is $779. This is about $39 (5%) higher compared to its nearby areas.Compared to the US as a whole it is about $283 (26%) lower, and is approximately $39 (4%) lower in comparison to the city of Twin Falls.
Nearby places
Wendell
Wendell is about 8 miles northwest from Jerome. Housing prices there are somewhat less expensive. The median home value in Wendell is $105,800, which works out to $23,000 (21%) lower than Jerome. Its rents are somewhat less expensive. In Wendell the median rent is $737 per month, which works out to $42 (5%) lower than Jerome.
Filer
Filer is roughly 10 miles southwest of Jerome. The housing prices there are a bit more expensive. The median home cost in Filer is $149,900, which comes out to $21,100 (14%) higher than Jerome. Rents there are somewhat more expensive. The median monthly rent in Filer is $855, which comes out to $76 (8%) higher than Jerome.
Buhl
Buhl is roughly 13 miles southwest of Jerome. The real estate prices there are significantly less expensive. The cost of the median home in Buhl is $92,600, which comes out to $36,200 (39%) lower than Jerome. The rent there is a little less expensive. Buhl's median rent is $651 a month, which comes out to $128 (19%) lower than Jerome.
Kimberly
Kimberly is approximately 13 miles southeast of Jerome. Housing prices there are a bit more expensive. The median home value in Kimberly is $167,300, which is $38,500 (23%) higher than Jerome. Rent there is pretty similar. Kimberly's median rent is $784 a month, which is very similar to Jerome.
Shoshone
Shoshone is about 15 miles north of Jerome. Real estate prices there are somewhat less expensive. The value of the median home in Shoshone is $115,000, which works out to $13,800 (12%) lower than Jerome. The rent there is somewhat less expensive. In Shoshone the median monthly rent is $675, which is $104 (15%) lower than Jerome.
