11753, Jericho, NY

Jericho, NY is located in Orange County and has a population of approximately 21,000. The median household income in Jericho is $86,000 and the median home value is $247,500. Home equity and home prices have been on the rise in Jericho over the past few years. In January of 2019, the home equity index was at an all-time high of 116%. This indicates that homes are worth more than their original purchase price.

The average monthly mortgage payment for a house in Jericho is $1,811. This means that homeowners can borrow up to 97% of the value of their home to purchase another property or to finance other expenses. The average homeowner in Jericho has a net worth of $269,000 which indicates that they have saved money on their mortgage payments over time.

Home prices have been increasing faster than wages in Jericho over the past few years due to strong demand from buyers and limited supply from sellers. There are currently only 953 homes available for sale in Jericho which indicates that there is strong demand for housing within this community.

If you are looking to buy a home in Jericho, it may be best to wait until there are more available homes for sale as prices will likely continue to increase over time. Homeowners who are looking to sell their homes should expect their homes to sell quickly as well since there is strong demand for housing within this community