Commercial Real Estate Market in Jerome, ID
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
80 active listings and 910 off-market properties in Jerome, ID. Commercial property asks $19/SF to buy and $150.00/SF/Yr to lease.
Market Trends
Jerome, ID spans 276.4 square miles in Jerome County, Idaho. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Jerome, ID runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Jerome, ID runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Jerome, ID runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Jerome, ID runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 40.4%
- Industrial 27.3%
- Commercial 20.3%
- Civic 10.4%
- Mixed use 1.7%
Largest Zones share of zoned land by district
Residential 1
Light Industrial
Residential 2
High Density Business
Heavy Industrial
Jerome, ID zones 3,259 acres across 12 districts. Commercial zoning covers 20.3% of zoned land, residential 40.4% and industrial 27.3%. The largest single district is Residential 1 at 17.3%. For commercial buyers the practical constraint is that only 47.5% of land carries a commercial or industrial designation.
Residential 1 (R1)
The intent of this zone is to provide for single family dwellings.
Market overview
Demographics & Economy
Jerome, ID has 21,486 residents in 7,606 households. Density runs 78 people per square mile. Median household income here is $70,489 and median gross rent $883 a month.
21,486
Population
7,606
Households
2.8
Avg Household Size
33
Median Age
13%
College-Educated
74%
High-School Grad
276.4 sq mi
ZIP Area
78
Density / Sq Mi
$70,489
Median Household Income
$35,037
Median Earnings
$883
Median Rent
$253,300
Median Home Value
Tools
Nearby Markets
Commercial property in Jerome, ID asks $19/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Jerome?
Commercial property in Jerome, ID asks an average of $19 per square foot.
How much does it cost to lease commercial space in Jerome?
Asking lease rates in Jerome, ID average $150.00 per square foot per year.
What zoning applies to commercial property in Jerome?
Jerome, ID zones 3,259 acres across 12 districts, of which 20.3% is commercial and 27.3% industrial. The largest single district is Residential 1 at 17.3% of zoned land. The intent of this zone is to provide for single family dwellings. Residential zoning covers 40.4% and open space 0%.
Where does Realmo's Jerome market data come from?
Realmo compiles Jerome, ID figures from 73 active sale listings, 7 active lease listings, 910 tracked off-market properties, the current Jerome zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 7 active for-lease listings in Jerome, ID. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,259 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
