Cost of Living & Housing in Jerome
Jerome offers genuinely affordable housing relative to most Idaho markets in this project, backed by a real, substantial regional dairy economy -- though its property tax rate runs above the Idaho statewide average.
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Learn moreA real, disclosed housing-price spread, with evidence of fast appreciation
Jerome's home price figures ran roughly $225,400 (2024 median property value) to $329,500 (March 2026 median sale price), with a separately cited November 2025 figure describing a striking 34.0% year-over-year increase at that time (base record) -- a real, disclosed spread reflecting a fast-moving market.
A property tax rate above the Idaho statewide average
Jerome County's effective property tax rate ran 0.63% for 2026 -- genuinely above Idaho's own 0.53% statewide average, and the highest of the four Idaho Tier C markets built in this same pass (base record).
Idaho's flat, low state income tax
Idaho's flat 5.3% state income tax and flat 6% state sales tax apply statewide, including in Jerome (base record).
A real, substantial regional dairy economy underpins local employment
Jerome carries a real, substantial concentration of dairy processors -- Darigold, Commercial Creamery Company, Argopur, Magic Valley Quality Milk, and IMP -- and Jerome County is the single biggest milk-supply source for neighboring Twin Falls' massive Chobani yogurt plant (base record), a real, diversified local employment anchor.
Key takeaways
- Housing runs genuinely affordable relative to most Idaho markets in this project, with a real, disclosed spread ($225,400-$329,500 depending on source and date).
- Jerome County's 0.63% effective property tax rate runs genuinely above Idaho's 0.53% statewide average -- the highest of the four Idaho Tier C markets in this batch.
- Idaho's flat 5.3% state income tax and 6% state sales tax apply statewide.
- A real, substantial regional dairy-processing economy underpins local employment.
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