The median home in Jerome, Michigan is valued at $280,785, up 4.3% year over year. Jerome is part of the Hillsdale, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Hillsdale, MI stress score, crash risk, and 12-month forecast →

Home Value$280,785

+4.3%

AFFORDABILITY

Enter your income for Jerome.

Income (annual)

Down Payment

$56,157 on $280,785

Stretch — 30.6% of income

Above 28% but manageable with cuts.

PITI$1,913

P/I30.6%

Afford$257K

Gap-$24K

P&I $1,420Tax $360Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Jerome with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Hillsdale, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Hillsdale, MI metro.

View Hillsdale, MI metro →

JEROME, MI