Jerome, ID High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Jerome, Idaho Market population: 11K. Compare commercial properties across all major asset classes with...
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⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
📊 Avg Property Tax Rate For Jerome ID Properties: 0.6700%
📊 Average Income For Jerome ID Commercial Property: $33,707
Investor Questions For Jerome ID
Common questions from investors exploring commercial real estate in Jerome ID.
What is the overall investment potential of Jerome, ID, considering its demographic and economic factors?
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Jerome, ID's relatively high poverty rate of 21.1% and moderate median household income of $33,707 suggest a working-class market, but the 79.2% health insurance coverage and low average commute time of 18.6 minutes indicate a level of employment stability and infrastructure that could support rental demand, particularly from the transportation and manufacturing industries.
How does the ethnic diversity and industry mix in Jerome, ID impact the local real estate market?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, combined with its strong industries in transportation, public administration, and manufacturing, suggests a resilient market with a mix of employment opportunities, which could contribute to a stable demand for housing and potentially attractive rental yields.
What are the implications of Jerome, ID's homeownership rate and property values for real estate investors?
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With a homeownership rate of 62.0% and a median property value of $104,900, Jerome, ID presents opportunities for investors to capitalize on relatively affordable property prices, and the moderate poverty rate of 21.1% and high health insurance coverage of 79.2% suggest a tenant base with some level of financial stability, making it an interesting market for buy-to-rent strategies.
How do quality of life metrics, such as commute time and health insurance coverage, influence the attractiveness of Jerome, ID for real estate investment?
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The short average commute time of 18.6 minutes and high health insurance coverage rate of 79.2% in Jerome, ID are positive indicators of quality of life, suggesting that residents have access to employment opportunities and healthcare, which can contribute to a stable and attractive rental market, particularly when combined with the city's diverse industry base and relatively low property taxes of $2,254.
What role do the foreign-born rate and income inequality play in assessing the investment potential of Jerome, ID?
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Jerome, ID's foreign-born rate of 24.5% and GINI coefficient of 0.383 indicate a level of cultural diversity and income inequality, respectively, which investors should consider when evaluating the local market's potential for growth and stability, particularly in light of the city's median household income of $33,707 and poverty rate of 21.1%, suggesting that targeted investment strategies could help mitigate these factors and capitalize on the city's diverse population and industry mix.
Jerome ID Real Estate & City Facts
Key facts and real estate information about Jerome ID.
What are some of the best neighborhoods to live in Jerome?
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Some of the best neighborhoods to live in Jerome include the area near North Side Park and the neighborhood around the Jerome School. These areas offer a peaceful and quiet environment, with easy access to local amenities and outdoor recreational activities. However, it's worth noting that Jerome is a relatively small town, and many neighborhoods may have a similar feel and character.
What are some fun things to do in Jerome?
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There are plenty of fun things to do in Jerome, including visiting the Minidoka National Historic Site, exploring the Snake River Canyon Parks, and checking out the local shops and restaurants in the downtown area. You can also visit the Jerome County Historical Museum to learn more about the town's history and culture. If you're looking for outdoor activities, there are plenty of opportunities for hiking, biking, and fishing in the surrounding area.
What is the food scene like in Jerome?
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The food scene in Jerome is small but growing, with a variety of restaurants serving everything from traditional American cuisine to Mexican and Chinese food. Some popular spots include Vaqueros Grill & Cantina, China Village, and Fat Clarence's Pub and Grub. There are also plenty of great food trucks and cafes in the area, offering a range of options for breakfast, lunch, and dinner.
What are the pros and cons of living in Jerome?
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One of the pros of living in Jerome is the town's small, close-knit community and the easy access to outdoor recreational activities. However, one of the cons is that the town may not have as many job opportunities or cultural attractions as larger cities. Additionally, the town's economy is largely based on agriculture, which can be affected by factors such as weather and market fluctuations. Overall, Jerome may be a good fit for someone who values a quiet, rural lifestyle and is looking for a tight-knit community.
Is Jerome a good place to live?
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Whether or not Jerome is a good place to live depends on your individual preferences and priorities. If you're looking for a quiet, rural lifestyle with easy access to outdoor recreational activities, Jerome may be a great fit. However, if you're looking for a more urban environment with a wider range of job opportunities and cultural attractions, you may want to consider other options. Ultimately, Jerome is a unique and charming town that offers a distinct quality of life, and it's worth considering if you're looking for a peaceful and close-knit community.
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