Jamaica, NY 11421 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator is the median sold price of $721,000, which aligns with broader price momentum and the reported price year-over-year trend being up, suggesting continued price appreciation in recent transactions.
2. Liquidity shows slowing sales velocity: the median days on market of 428 points to extended time-to-sale and may indicate pricing friction or a more deliberate buyer decision process rather than rapid turnover; this supports characterization of the market as slower on transaction speed.
3. Pricing context for investment and valuation is shaped by the median price per square foot of $539 alongside a median market rent of $3,000; with rents also reported up, rental demand appears supportive but investors should weigh high price per square foot against rent levels.
4. Financing and carrying-cost considerations matter: interest rate pressure: elevated and the local comparison shows a current 30-year fixed rate of 6.53% versus a 2026 year-to-date range of 5.98% to 6.46%, which may constrain some buyer affordability and contribute to the market’s measured pace—this is a negative headwind for transaction velocity.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.