Jericho, NY—11753
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jericho, NY
As of Nov '25, the median home price in Jericho, NY is $1,212,000, with a year-over-year change of 3.9%. This indicates that home prices in Jericho, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,212,000 | 3.9% |
| Single Family | $1,234,000 | 3.6% |
| Condos | $1,062,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $1,091,000 | 2.8% |
4 Bed | $1,307,000 | 3.2% |
| 5 Bed | $1,681,456 | 4.1% |
% of Housing Stock
Rental Trends — Jericho, NY
As of July '25, Rentcast reports the average rent in Jericho, NY is $6,260, with a year-over-year rent change of 20.8%. Per bedroom, the median rent as of July '25 in Jericho, NY is 1-bedrooms: $2,950, 2-bedrooms: $3,300, 3-bedrooms: $5,980, 4-bedrooms: $6,320. The most common rental property sizes in Jericho, NY are 2-bedroom and 1-bedroom, accounting for 34.8% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,400 | $6,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,950 | $2,950 |
| 2 Bed Rent | $3,300 | $3,300 |
| 3 Bed Rent | $6,250 | $5,980 |
| 4 Bed Rent | $6,500 | $6,320 |
% of Rental Stock
Property Listings — Jericho, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Jericho, NY is 50. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,440,000 | 4.0% |
Listing Count | 62 | 9.0% |
| Listings as % of Homes | 1.0% | 9.0% |
Days on Market | 50 | 10.0% |
Demographics — Jericho, NY
As of the latest ACS Survey released in 2023, Jericho, NY has a population of 12,700, which has increased by 1.1% over the past 5 years. Jericho, NY is a popular place for families, as children make up 27.9% of the population. The area has a highly educated workforce, with 73.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 1.1% |
% Under 18 | 27.9% | 22.4% |
% Seniors | 19.8% | 37.5% |
% WFH | 20.8% | 292.5% |
% w/ College Degree | 73.8% | 0.0% |
As of the latest ACS Survey released in 2023, Jericho, NY is a predominantly asian area, with 49.1% of the population identifying as asian. The asian population has grown by 56.9% in the last 5 years. The second most common race or ethnicity in Jericho, NY is white, making up 42.3% of the population. Foreign-born residents account for 37.6% of the population in Jericho, NY, and this percentage has increased by 51.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 42.3% | -32.6% |
% Black | 0.6% | -14.3% |
% Hispanic | 1.7% | -19.0% |
% Asian | 49.1% | 56.9% |
% Foreign Born | 37.6% | 51.0% |
Mortgage and Risk — Jericho, NY
According to HUD data as of 2023, there were 154 mortgage originations in Jericho, NY, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Jericho, NY. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 154 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Jericho, NY
As of 2024, the percent of homes in Jericho, NY under the Section 8 program is 0.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Jericho, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$410 | $2,950 | $2,540 |
| 2 Bedroom | -$370 | $3,300 | $2,930 |
| 3 Bedroom | -$2,450 | $6,250 | $3,800 |
| 4 Bedroom | -$2,430 | $6,500 | $4,070 |
Affordability — Jericho, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $1,212,000 |
| Median Household Income | $185,000 |