Jerome County, Idaho Housing Market
In Jerome County, Idaho, the median home value is $271,800, with a median monthly rent of $966. This places Jerome County at #770 nationally out of 3134 counties by median home value, and #34 within Idaho.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,052
- Establishments: 908
- BLS QCEW, 2025
Housing Supply
- Single-family: 143
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,792 (avg $62,264)
- Outflow: 8,295 (avg $62,445)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Jerome County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 83347 | 365.7 | — | 2025 |
| 2 | 83301 | 325.6 | +1.43% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Jerome County Compares
| Metric | Jerome County | Idaho Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $271,800 | $355,261 | $227,706 |
| Median Gross Rent | $966 | $968 | $968 |
| Owner Occupancy Rate | 75.2% | 75.2% | 73.3% |
| Price/Rent Ratio | 23.4 | 30.6 | 18.7 |
Market Analysis
The median home value in Jerome County is 23.5% below the Idaho state average and 19.4% above the U.S. national average. The median rent of $966/month is about equal to the state average.
With a price-to-rent ratio of 23.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Jerome County has an owner-occupancy rate of 75.2%, compared to 75.2% in Idaho and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Grundy County | Illinois | $271,700 | $1,177 |
| Saunders County | Nebraska | $271,700 | $960 |
| Stark County | North Dakota | $271,700 | $960 |
| Polk County | Wisconsin | $271,900 | $957 |
| Oneida County | Idaho | $272,000 | $859 |
Other Counties in Idaho
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Oneida County | $272,000 | $859 | 88.3% |
| Bear Lake County | $275,000 | $632 | 89.5% |
| Clearwater County | $268,200 | $875 | 82.9% |
| Shoshone County | $267,400 | $943 | 74.0% |
| Washington County | $278,100 | $938 | 74.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).