Jerome County, Idaho Housing Market Prices
Jerome County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% below the Idaho median$275,000
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Median rent 22% below the Idaho median$965
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Jerome County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $394,140 | $248,835 |
| Price Trend (Annual %) | 8.7% | 14.3% | 7.5% |
| Median Gross Rent | $965 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jerome County is about 30% lower than in Idaho. Rent is about 22% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Jerome County, up about 8.7% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Jerome County rose about 35.7% between 2015 and 2024, from $711 to $965. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Jerome County.
Buying the median-priced home in Jerome County costs roughly 23.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Jerome County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Jerome County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $394,140 | $248,835 |
| Median Household Income | $71,652 | $78,141 | $80,455 |
| Price-to-Income Ratio | 3.8 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jerome County rose about 120.5%, while median household income rose about 63.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Jerome County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.7% | 64.8% | 58.5% |
| Rental Rate | 23.3% | 24.9% | 31.2% |
| Vacancy Rate | 6.0% | 10.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Jerome County has a homeownership rate of 70.7%, higher than the Idaho average of 64.8%. Its housing vacancy rate is 6.0%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Jerome County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1982 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Jerome County was built around 1982. On average, 3.0 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
Jerome County, ID Housing Compared With Nearby Counties
Jerome County, ID is typical in size for this group, 25,173 residents against a local median of 24,952, so the measures below are close to a like for like comparison. The measure that sets Jerome County, ID apart most is median home price: $275,000, 48% above the local median of $185,795.
The counties themselves spread $1,723,980 on median home price, so Jerome County, ID sits at one end of an already wide local range rather than apart from it. Jerome County, ID has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Jerome County, ID | 25,173 | $275,000 #2/4 | $965 #3/4 | 75.2% #1/4 |
| Twin Falls County, ID | 89,838 | $185,795 | $1,089 | 72.9% |
| Minidoka County, ID | 22,208 | $48,747 | $899 | 69.2% |
| Blaine County, ID | 24,952 | $1,772,727 | $1,338 | 73.5% |
Frequently Asked Questions
Common questions about the housing market in Jerome County, Idaho.
What is the median home price in Jerome County, Idaho?
The median home price in Jerome County, Idaho is $275,000, lower than the Idaho average of $394,140.
What is the average home price in Jerome County, Idaho?
The typical home price in Jerome County, Idaho, reported as the median sale price, is $275,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Jerome County, Idaho?
The median gross rent in Jerome County, Idaho is $965 per month, lower than the Idaho average of $1,236.
What was the median gross rent in Jerome County in 2020?
In 2020, the median gross rent in Jerome County, Idaho was $761 per month.
What is the price-to-rent ratio in Jerome County, Idaho?
The price-to-rent ratio in Jerome County, Idaho is about 23.7, meaning it would take roughly 23.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Jerome County.
Are home prices or rent rising faster in Jerome County, Idaho?
Both home prices and rent are rising in Jerome County, up about 8.7% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jerome County, Idaho?
70.7% of households in Jerome County, Idaho own their home, higher than the Idaho average of 64.8%.
What is the vacancy rate in Jerome County, Idaho?
The housing vacancy rate in Jerome County, Idaho is 6.0%, lower than the Idaho average of 10.3%.
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