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Jerico Springs

Learn about the people, housing, costs and businesses in Jerico Springs, Missouri

Median Home$193,500
Median Rent$511/month
Population174
Leading IndustriesFinance & Insurance · Information & Media · Retail11% finance & insurance
Home Value Growth⬆⬆⬆+43.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners96% of occupied units
Jerico Springs
MO

Frequently Asked Questions

What are today's mortgage rates in Jerico Springs?

As of today, the 30-year fixed mortgage rate for Jerico Springs is approximately 6.940% (6.978% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Jerico Springs?

The median home value in Jerico Springs is $194k. The median monthly rent is $511. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Jerico Springs?

Home values in Jerico Springs have increased 43.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Jerico Springs?

Based on a typical all-in ownership cost of $860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Jerico Springs is $66k/year.

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What industries drive the economy in Jerico Springs?

The largest employment sectors in Jerico Springs are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.