Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$400,477+3.2% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 16% have cut their price
Income needed to buy, per year$86,815About 1.2× the local median income ($71,238): a stretch for a typical household
Days on market92 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Jerome County, ID is worth $400,477, up 3.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $329,388, so the area is 21.6% overvalued. It is a balanced market, leaning toward sellers: homes take about 92 days to sell, listings are down 6% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $86,815 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,238. Typical rent is $1,696 a month, or $2,000 for a house. In the latest IRS figures, 89 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$400,477
Change in 1 year
+3.2%
Overvalued %
+21.6%
Show 7 more
Fair home value
$329,388
Change in 5 years
+20.7%
Zillow forecast, next 12 months
+1.9%
Home value to income
5.6×
Monthly mortgage payment (20% down)
$2,170
Income needed to afford it
$86,815
Property tax rate
0.64%
Rent and investing
Typical rent
$1,696
Typical rent for houses
$2,000
Price-to-rent ratio
19.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,166
Gross rental yield
5.08%
Cap rate (estimate)
3.30%
Market activity
Listings vs a year ago
−5.9%
Days on market
92
Listings with a price cut
16.3%
Show 3 more
Homes for sale
95
Pending sales per 100 listings
25
Asking price per sq ft
$243
People and jobs
Median household income
$71,238
Population change (1 year)
+0.3%
Unemployment rate
3.6%
Show 4 more
Population
26,362
Income adjusted for cost of living
$77,349
Net moves in (IRS)
+89
Cost of living (US = 100)
92.1
Schools, risk and environment
School rating (1 to 10)
1.7
FEMA hazard risk score (0 to 100)
21.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
31.1
Wildfire risk score
90.2
Walkability (1 to 20)
6.4
Road, rail and air noise
54 dB
Questions people ask
Is Jerome County, ID overvalued?
Home prices in Jerome County, ID are well above what local incomes have historically supported: fair value is about $329,388, so the area is 21.6% overvalued.
Is Jerome County, ID a buyer's or seller's market?
Jerome County, ID is a balanced market, leaning toward sellers: homes take about 92 days to sell, listings are down 6% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Jerome County, ID?
Home values in Jerome County, ID are up 3.2% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Jerome County, ID?
A household needs about $86,815 a year to afford the typical home in Jerome County, ID at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,238.