Jericho, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jericho Neighborhoods Since 2000




Jericho, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Jericho Housing Market Information

With 13,772 people, 4,709 houses or apartments, and a median cost of homes of $805,086, Jericho house prices are not only among the most expensive in New York, Jericho real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Jericho, accounting for 71.93% of the town's housing units. Other types of housing that are prevalent in Jericho include large apartment complexes or high rise apartments ( 12.24%), row houses and other attached homes ( 11.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jericho. Owner-occupied housing accounts for 80.34% of Jericho's homes, and 75.07% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jericho's housing was primarily built during this period, from the '40s through the '60s. A full 69.58% of the town's housing hails from this era. Other housing ages represented in Jericho include homes built between 1970-1999 ( 24.73%) and housing constructed between 2000 and later ( 3.80%). There's also some housing in Jericho built before 1939 ( 1.90%).

Jericho Home Appreciation Rates

Appreciation rates for homes in Jericho have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.77%, which ranks in the top 40% nationwide. This equates to an annual average Jericho house appreciation rate of 0.75%.

Over the last year, Jericho appreciation rates have trailed the rest of the nation. In the last twelve months, Jericho's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jericho were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Jericho's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$805,086

Jericho, NY HOME PRICES

Value Range
> $1,156,000 9.7
$867,001 - $1,156,000 24.9
$578,001 - $867,000 48.5
$463,001 - $578,000 9.8
$347,001 - $463,000 2.0
$231,001 - $347,000 0.0
$116,001 - $231,000 0.8
$58,001 - $116,000 2.6
$0 - $58,000 1.7

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
1.89851166061174 5.94837261503928

Number Of Homes And Apartments:
4,709

Jericho Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
76.69% 3.35% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,148 / per month

Homeownership Rate

Homeownership
Owners 80.34
Renters 19.66
Vacant 2.81

Housing Market Details

 

Age of Homes

AGE OF Jericho HOMES
2000 or Newer 3.8
1970 - 1999 24.7
1940 - 1969 69.6
1939 or Older 1.9

Types of Homes

TYPE OF Jericho HOMES
Single-Family 71.9
Townhomes 11.9
Small Apt. Buildings 3.9
Apt. Complexes 12.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Jericho HOMES
No Bedroom 0.00
1 Bedroom 7.84
2 Bedrooms 9.51
3 Bedrooms 42.46
4 Bedrooms 32.61
5 or more bedrooms 7.57