Jamaica, New York, NY—11435
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 $572,000, with a year-over-year change of 4.5%. This indicates that home prices in Jamaica, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $572,000 | 4.5% |
| Single Family | $761,000 | 2.7% |
| Condos | $296,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $248,000 | 0.0% |
2 Bed | $352,000 | 1.4% |
3 Bed | $745,000 | 3.2% |
4 Bed | $830,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jamaica, New York, NY
As of July '25, Rentcast reports the average rent in Jamaica, New York, NY is $2,890, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Jamaica, New York, NY is studios: $2,340, 1-bedrooms: $2,490, 2-bedrooms: $3,130, 3-bedrooms: $3,250, 4-bedrooms: $3,400. The most common rental property sizes in Jamaica, New York, NY are 1-bedroom and 2-bedroom, accounting for 40.5% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,890 |
| Studio Rent | $2,100 | $2,340 |
| 1 Bed Rent | $2,550 | $2,490 |
| 2 Bed Rent | $3,250 | $3,130 |
| 3 Bed Rent | $3,200 | $3,250 |
| 4 Bed Rent | $3,300 | $3,400 |
% 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 78. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | 8.0% |
Listing Count | 127 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 78 | -1.0% |
Demographics — Jamaica, New York, NY
As of the latest ACS Survey released in 2023, Jamaica, New York, NY has a population of 58,400, which has decreased by -1.5% over the past 5 years. Jamaica, New York, NY is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 32.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,400 | -1.5% |
% Under 18 | 21.7% | 3.3% |
% Seniors | 14.1% | 18.5% |
% WFH | 10.7% | 365.2% |
% w/ College Degree | 32.4% | 17.0% |
As of the latest ACS Survey released in 2023, Jamaica, New York, NY is a predominantly hispanic area, with 29.9% of the population identifying as hispanic. The hispanic population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Jamaica, New York, NY is black, making up 25.1% of the population. Foreign-born residents account for 52.6% of the population in Jamaica, New York, NY, and this percentage has decreased by 2.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 12.9% | 13.2% |
% Black | 25.1% | 6.4% |
% Hispanic | 29.9% | -3.9% |
% Asian | 22.8% | -6.2% |
% Foreign Born | 52.6% | -2.0% |
Mortgage and Risk — Jamaica, New York, NY
According to HUD data as of 2023, there were 160 mortgage originations in Jamaica, New York, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Jamaica, New York, NY. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
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 3.8%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 661 |
Total Units Section 8 | 495 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $2,550 | $2,450 |
| 2 Bedroom | -$540 | $3,250 | $2,710 |
| 3 Bedroom | $180 | $3,200 | $3,380 |
| 4 Bedroom | $340 | $3,300 | $3,640 |
Affordability — Jamaica, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $572,000 |
| Median Household Income | $79,400 |