Real Estate Investing in Jerome, Idaho (83338)
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Should you buy in 83338 (Jerome, ID)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Jerome, ID (83338)?
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Market Analysis: 83338 Jerome
The 83338 ZIP covers a section of Jerome that demands careful diligence. Prices near $409K look accessible, but the work to make a deal cash flow is real.
The investment case in 83338 is solid only for operators who understand what they are buying. A $409K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 83338 among ID's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 83338 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. substantial returns are possible in 83338, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Jerome:
Property Strategy for 83338
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $260,118 | $1,190 | 3.3% | +10.0% | $130,059 |
| 3BR | $358,390 | $1,600 | 3.2% | +9.9% | $119,463 |
| 4BR | $427,139 | $1,990 | 3.4% | +9.5% | $106,785 |
| 5BR | $542,696 | — | — | +9.5% | $108,539 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 83338 Compare?
| Metric | 83338 | Jerome | Twin Falls, ID | Idaho |
|---|---|---|---|---|
| Home Value | $409,351 | $409,351 | N/A | $465,545 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.2% |
| Avg Rent | $1,613 | $1,613 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83338 (Jerome, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $409,351 |
| Monthly Rent | $1,613 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 83338
Population: 21,830
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 83338
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,816 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Jerome, ID stack up for property investment?
Yes - Jerome, ID a 3.0/5 investability score. With $409K home prices against $1,613/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much rent can I charge in Jerome, ID?
Jerome, ID rentals go for roughly $1,613/mo a month. That puts gross yield in solid territory relative to $409K acquisition costs.
Where do home prices stand in Jerome, ID?
Jerome, ID home values average about $409K. That price point suits investors targeting rentals with $1,613/mo in monthly income.
What type of investing works in Jerome, ID?
A careful cash-flow rentals with hands-on management strategy Jerome, ID best. The market produces measured results for that approach at the $409K price point.
What are vacancy rates like in Jerome, ID?
Vacancy in Jerome, ID is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,613/mo.
You know 83338 now. You don’t know where it ranks.
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How 83338 ranks in Twin Falls, ID
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