Jamaica, New York, NY11433

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$702,000
6.3% YoY Growth
Median Household Income
$71,200
38.2% 5-Year Growth
Days on Market
78
5.0% Longer than last year
Home Price Forecast
1.8%
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

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 increase of 5.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$696,0000.0%
Listing Count
6471.0%
Listings as % of Homes0.4%71.0%
Days on Market
785.0%
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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.

MetricLatest CensusYoY % Change
Population
37,8003.5%
% 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

MetricLatest Census5-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

MetricZip 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%

Loan Activity

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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 SizeHUD PremiumMarket RentMax 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

Affordability — Jamaica, New York, NY

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio8.6
Median Home Price$702,000
Median Household Income$71,200

Jamaica, New York, NY — ZIP Code Boundary Map

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Frequently Asked Questions