Jamaica, New York, NY—11434
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 $701,000, with a year-over-year change of 4.4%. This indicates that home prices in Jamaica, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $701,000 | 4.4% |
| Single Family | $699,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $618,000 | 2.3% |
3 Bed | $716,000 | 7.3% |
4 Bed | $776,000 | 5.7% |
| 5 Bed | $883,000 | 3.2% |
% of Housing Stock
Rental Trends — Jamaica, New York, NY
As of July '25, Rentcast reports the average rent in Jamaica, New York, NY is $3,350, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Jamaica, New York, NY is studios: $3,500, 1-bedrooms: $1,970, 2-bedrooms: $2,690, 3-bedrooms: $3,450, 4-bedrooms: $4,230. The most common rental property sizes in Jamaica, New York, NY are 3-bedroom and 2-bedroom, accounting for 33.2% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,350 |
| Studio Rent | $3,500 | $3,500 |
| 1 Bed Rent | $1,800 | $1,970 |
| 2 Bed Rent | $2,650 | $2,690 |
| 3 Bed Rent | $3,500 | $3,450 |
| 4 Bed Rent | $3,870 | $4,230 |
% 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 82. This is a increase of 7.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | 5.0% |
Listing Count | 110 | 31.0% |
| Listings as % of Homes | 0.5% | 31.0% |
Days on Market | 82 | 7.0% |
Demographics — Jamaica, New York, NY
As of the latest ACS Survey released in 2023, Jamaica, New York, NY has a population of 67,600, which has increased by 2.8% 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 poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 67,600 | 2.8% |
% Under 18 | 21.7% | -6.5% |
% Seniors | 15.8% | 3.9% |
% WFH | 5.8% | 176.2% |
% w/ College Degree | 22.2% | 1.8% |
As of the latest ACS Survey released in 2023, Jamaica, New York, NY is a predominantly black area, with 78.6% of the population identifying as black. The black population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Jamaica, New York, NY is hispanic, making up 12.0% of the population. Foreign-born residents account for 37.4% of the population in Jamaica, New York, NY, and this percentage has increased by 19.5% 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 | 78.6% | -10.2% |
% Hispanic | 12.0% | 60.0% |
% Asian | 3.5% | 40.0% |
% Foreign Born | 37.4% | 19.5% |
Mortgage and Risk — Jamaica, New York, NY
According to HUD data as of 2023, there were 373 mortgage originations in Jamaica, New York, NY, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Jamaica, New York, NY. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 373 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
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 9.1%. 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. 1-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 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,476 |
Total Units Section 8 | 1,083 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,800 | $2,210 |
| 2 Bedroom | -$170 | $2,650 | $2,480 |
| 3 Bedroom | -$400 | $3,500 | $3,100 |
| 4 Bedroom | -$540 | $3,870 | $3,330 |
Affordability — Jamaica, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $701,000 |
| Median Household Income | $76,700 |