Total monthly cost of ownership
Cost to Own a Home in Jerome, Idaho
A $215,000 home here costs
$1,627per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,105. The real number is $522 higher every month — 47% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Jerome against Jerome County and Idaho
| Measure | Jerome | Jerome County |
|---|---|---|
| Median home value | $214,900 | $254,000 |
| Median property tax | $1,466 | $1,623 |
| Effective tax rate | 0.682% | 0.639% |
| Median gross rent | $900 | $862 |
| Population | 12,689 | 24,788 |
The weather behind that power bill
Jerome sits in Jerome County, which averages a high of 89.6°F in its hottest month and a low of 22.5°F in its coldest, with 9.9" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 714 cooling and 6,073 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Jerome County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jerome County
No other places of this size are published in Jerome County.
Common questions
How much does it cost to own a home in Jerome?
A $215,000 home in Jerome, Idaho costs approximately $1,627 per month with 20% down at 6.66%. That is $1,105 principal and interest, $122 property tax, $42 homeowners insurance, $179 utilities and $179 set aside for maintenance.
What is the property tax rate in Jerome?
Jerome has an effective property tax rate of 0.682%, based on a median home value of $214,900 and median real estate taxes of $1,466. That is higher than the Jerome County average of 0.639%.
What is the average home price in Jerome?
The median owner-occupied home value in Jerome, Idaho is $214,900, against $254,000 across Jerome County.
Is it cheaper to rent or buy in Jerome?
Median gross rent in Jerome is $900 a month, against $1,627 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jerome — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Idaho.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.