Market Overview
Home Prices in Jericho, NY
The median home value in Jericho, NY is $1,294,483 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jericho are priced216% above average. Jericho is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Jericho home values have risen by approximately37.4%, reflecting strong long-term appreciation in this market.
Price History
Jericho Home Price Trend
City Comparison
Jericho vs. National Median
At $1,294,483, homes in Jericho cost 216% above the national median of $410,000. Buyers in Jericho should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Jericho?
20% Down Payment
$258,897
on $1,294,483
Monthly P&I
$6,751/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,574/mo
incl. taxes & insurance
Income Needed
$342,960
gross annual (30% rule)
10% Down Option
$129,448
+ PMI applies
Loan Amount (20% dn)
$1,035,586
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Jericho, NY?
The median home value in Jericho is $1,294,483 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Jericho?
Over the past year, home values in Jericho have increased by 5.6%. Over five years, prices have risen approximately 37.4%.
How much do I need to earn to buy a home in Jericho?
To comfortably afford the median home price of $1,294,483 with a 20% down payment ($258,897) at today's rates (6.8%), you'd need a gross annual income of approximately $342,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Jericho compare to the national average home price?
The national median home value is approximately $410,000. At $1,294,483, homes in Jericho are 216% above the national average.
What metro area is Jericho part of?
Jericho is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.