Jamaica, New York, NY—11432
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jamaica, New York, NY
As of Oct '25, the median home price in Jamaica, New York, NY is $870,000, with a year-over-year change of 4.7%. This indicates that home prices in Jamaica, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $870,000 | 4.7% |
| Single Family | $1,062,000 | 4.6% |
| Condos | $273,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $232,000 | 9.4% |
2 Bed | $472,000 | 11.1% |
3 Bed | $932,000 | 4.3% |
4 Bed | $1,215,000 | 5.9% |
| 5 Bed | $1,461,000 | 7.0% |
% of Housing Stock
Rental Trends — Jamaica, New York, NY
As of July '25, Rentcast reports the average rent in Jamaica, New York, NY is $3,140, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Jamaica, New York, NY is studios: $2,280, 1-bedrooms: $2,660, 2-bedrooms: $3,350, 3-bedrooms: $3,780, 4-bedrooms: $5,730. The most common rental property sizes in Jamaica, New York, NY are 1-bedroom and 2-bedroom, accounting for 36.3% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,140 |
| Studio Rent | $2,130 | $2,280 |
| 1 Bed Rent | $2,700 | $2,660 |
| 2 Bed Rent | $3,260 | $3,350 |
| 3 Bed Rent | $3,500 | $3,780 |
| 4 Bed Rent | $5,000 | $5,730 |
% of Rental Stock
Property Listings — Jamaica, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Jamaica, New York, NY is 75. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 3.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $787,000 | -39.0% |
Listing Count | 139 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 75 | -22.0% |
Demographics — Jamaica, New York, NY
As of the latest ACS Survey released in 2023, Jamaica, New York, NY has a population of 63,700, which has increased by 2.7% over the past 5 years. Jamaica, New York, NY is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,700 | 2.7% |
% Under 18 | 21.4% | 2.9% |
% Seniors | 17.7% | 26.4% |
% WFH | 9.5% | 196.9% |
% w/ College Degree | 35.7% | -1.1% |
As of the latest ACS Survey released in 2023, Jamaica, New York, NY is a predominantly asian area, with 42.3% of the population identifying as asian. The asian population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Jamaica, New York, NY is hispanic, making up 21.0% of the population. Foreign-born residents account for 56.8% of the population in Jamaica, New York, NY, and this percentage has increased by 0.2% 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 | 11.8% | -8.5% |
% Black | 18.3% | 14.4% |
% Hispanic | 21.0% | -13.9% |
% Asian | 42.3% | 1.7% |
% Foreign Born | 56.8% | 0.2% |
Mortgage and Risk — Jamaica, New York, NY
According to HUD data as of 2023, there were 176 mortgage originations in Jamaica, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Jamaica, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 176 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Jamaica, New York, NY
As of 2024, the percent of homes in Jamaica, New York, NY under the Section 8 program is 3.9%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Jamaica, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 776 |
Total Units Section 8 | 479 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $2,700 | $2,630 |
| 2 Bedroom | -$350 | $3,260 | $2,910 |
| 3 Bedroom | $130 | $3,500 | $3,630 |
| 4 Bedroom | -$1,090 | $5,000 | $3,910 |
Affordability — Jamaica, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.9 |
| Median Home Price | $870,000 |
| Median Household Income | $75,400 |