Market Overview
Home Prices in Jerome, MO
The median home value in Jerome, MO is $111,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.5% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jerome are priced73% below average. Jerome is part of the Rolla, MO metro area.
Price History
Jerome Home Price Trend
2022
$123,632
$124K
—
2023
$107,654
$108K
-12.9%
2024
$102,960
$103K
-4.4%
2025
$102,181
$102K
-0.8%
2026
$111,900
$112K
+9.5%
City Comparison
Jerome vs. National Median
🏠 Jerome
$111,900
National Median
$410,000
At $111,900, homes in Jerome cost 73% below the national median of $410,000. This makes Jerome a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Jerome?
20% Down Payment
$22,380
on $111,900
Monthly P&I
$584/mo
30-yr @ 6.8%
Total Monthly Est.
~$742/mo
incl. taxes & insurance
Income Needed
$29,680
gross annual (30% rule)
10% Down Option
$11,190
+ PMI applies
Loan Amount (20% dn)
$89,520
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Jerome, MO?
The median home value in Jerome is $111,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.5% year-over-year.
How much have home prices changed in Jerome?
Over the past year, home values in Jerome have increased by 9.5%.
How much do I need to earn to buy a home in Jerome?
To comfortably afford the median home price of $111,900 with a 20% down payment ($22,380) at today's rates (6.8%), you'd need a gross annual income of approximately $29,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Jerome compare to the national average home price?
The national median home value is approximately $410,000. At $111,900, homes in Jerome are 73% below the national average.
What metro area is Jerome part of?
Jerome is part of the Rolla, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.