Jamaica, New York, NY 11433 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Jamaica, New York, NY—11433

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$717,000

8.0% YoY Growth

Household Income

$71,200

38.2% YoY Growth

Days on Market

65

18.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$3,000

1.9% YoY Growth

1-Bed Rent

$2,700

4.6% YoY Growth

2-Bed Rent

$3,600

6.7% YoY Growth

3-Bed Rent

$3,200

10.5% YoY Growth

Other Zip Codes in Jamaica, New York, NY

11435 11432 11434

Home Price Trends — Jamaica, New York, NY

As of May '26, the median home price in Jamaica, New York, NY is $717,000, with a year-over-year change of 8.0%. This indicates that home prices in Jamaica, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$717,000	8.0%
Single Family	$719,000	7.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Jamaica, New York, NY

As of July '25, Rentcast reports the average rent in Jamaica, New York, NY is $3,150, 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 1-bedrooms: $2,750, 2-bedrooms: $3,520, 3-bedrooms: $3,380, 4-bedrooms: $3,840. The most common rental property sizes in Jamaica, New York, NY are 2-bedroom and 3-bedroom, accounting for 39.3% and 35.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,000	$3,150
Studio Rent	N/A	N/A
1 Bed Rent	$2,700	$2,750
2 Bed Rent	$3,600	$3,520
3 Bed Rent	$3,200	$3,380
4 Bed Rent	$3,700	$3,840

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% of Rental Stock

Studio

2.6%

1 Bedroom

18.4%

2 Bedrooms

39.3%

3 Bedrooms

35.5%

4 Bedrooms

3.3%

5+ Bedrooms

1.0%

Property Listings — Jamaica, New York, NY

As of May '26, Realtor.com reports that the median days on market for a home in Jamaica, New York, NY is 65. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$799,000	4.0%
Listing Count	41	-31.0%
Listings as % of Homes	0.4%	-31.0%
Days on Market	65	18.0%

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Demographics — Jamaica, New York, NY

As of the latest ACS Survey released in 2023, Jamaica, New York, NY has a population of 37,800, which has increased by 3.5% over the past 5 years. Jamaica, New York, NY is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,800	3.5%
% Under 18	25.2%	4.6%
% Seniors	13.7%	12.3%
% WFH	7.5%	581.8%
% w/ College Degree	19.1%	17.9%

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As of the latest ACS Survey released in 2023, Jamaica, New York, NY is a predominantly black area, with 55.0% of the population identifying as black. The black population has shrunk by 14.5% in the last 5 years. The second most common race or ethnicity in Jamaica, New York, NY is asian, making up 17.4% of the population. Foreign-born residents account for 42.0% of the population in Jamaica, New York, NY, and this percentage has increased by 5.8% 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	1.9%	18.8%
% Black	55.0%	-14.5%
% Hispanic	13.1%	-30.7%
% Asian	17.4%	97.7%
% Foreign Born	42.0%	5.8%

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Mortgage and Risk — Jamaica, New York, NY

According to HUD data as of 2023, there were 214 mortgage originations in Jamaica, New York, NY, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Jamaica, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	214
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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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 11.6%. 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. In Jamaica, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	2,023
Total Units Section 8	643
% Rentals under Section 8	11.6%
% Occupied Section 8	89.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$480	$2,700	$2,220
2 Bedroom	-$1,120	$3,600	$2,480
3 Bedroom	-$100	$3,200	$3,100
4 Bedroom	-$370	$3,700	$3,330