Is Jerome, IL a good place to invest in rental property?

Jerome, IL has a median modeled monthly cash flow of $-5 and a median cap rate of 6.3%, on a median sold price of $165,000. Prices changed +11.8% year over year.

What is the average cap rate in Jerome, IL?

The median cap rate across recently sold homes in Jerome, IL is 6.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Jerome, IL?

The median sold price in Jerome, IL is $165,000 (about $114 per square foot).

Investing in Jerome, IL Real Estate

A data-driven snapshot of the Jerome, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$165,000Median sold price

$114Median $/sqft

6.3%Median cap rate

$-5Modeled cash flow / mo

+11.8%Appreciation YoY

7.3Months of supply

20Active listings

33Sold (last 12 mo)

What the Jerome numbers say

In Jerome, IL, the median home sold for $165,000 (about $114 per square foot), and the typical deal models out to a 6.3% cap rate with a median $-5 of monthly cash flow. Sold prices moved +11.8% over the past year. Inventory sits at about 7.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Jerome cash-flowing listings

CashFlowRE ranks every for-sale home in Jerome, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Jerome deals, or browse the national market data.