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Jerome

Learn about the people, housing, costs and businesses in Jerome, Arkansas

Median Home$65,000
Median Rent$825/month
Population22
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services20% arts, food & hospitality
Home Value Growth+9.5% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners89% of occupied units
NotableHighly Educated36% bachelor's · 18% graduate · top 3% nationally
NotableAffordable Market$65k median home · lower cost than 99% of the country
Jerome
AR

Frequently Asked Questions

What are today's mortgage rates in Jerome?

As of today, the 30-year fixed mortgage rate for Jerome is approximately 6.801% (6.834% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Jerome?

The median home value in Jerome is $65k. The median monthly rent is $825. Annual property taxes average $384. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Jerome?

Home values in Jerome have increased 9.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Jerome?

Based on a typical all-in ownership cost of $704/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Jerome is $58k/year.

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What industries drive the economy in Jerome?

The largest employment sectors in Jerome are healthcare (23%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.