What is the median home price in Jamaica, Queens (11432)?

The estimated median home value in Jamaica (ZIP 11432) is approximately $575,000, based on Zillow Home Value Index data. ZHVI is a smoothed, seasonally-adjusted estimate covering all home types. For live figures, visit zillow.com/research/data/.

Is Jamaica a good place to buy a home?

Jamaica (11432) has seen year-over-year appreciation of +5.3%. Whether it is the right fit depends on your budget, commute, family needs, and investment goals. For a personalized analysis, call Nitin Gadura at (917) 705-0132.

Queens ZIP 11432 Market Report

Jamaica Housing Market Report

Jamaica (11432) covers the central hub of Jamaica including the area around Jamaica Center and the major transit nexus of the E, J, Z subway lines plus the LIRR and AirTrain to JFK. Significant city investment and rezoning are transforming the area, making it one of Queens' highest-growth markets for both investors and owner-occupants. Data sourced from Zillow Research, the NYC Department of Finance, and Freddie Mac via FRED.

Jamaica · ZIP 11432 · Estimated Median

$575,000

Based on Zillow Home Value Index · all-homes · smoothed, seasonally-adjusted

Year over Year

+5.3%

Estimated change

The estimated median home value in Jamaica (ZIP 11432, Queens) is approximately $575,000, with year-over-year growth of +5.3%. Typical rents in this ZIP run around $2,100/mo per Zillow ZORI data.

Estimated Median

$575,000

Zillow Home Value Index

Year over Year

+5.3%

Estimated annual change

Typical Rent

$2,100/mo

Zillow ZORI estimate

20% Down Payment

$115,000

On $575,000 purchase

Market Overview — Jamaica (11432)

For homeowners in Jamaica, the question is rarely “is the market up or down” — it is “is the current direction supported across multiple windows.” Looking at 1-month, 3-month, 6-month, and 12-month change gives you a multi-frame view: short-term momentum, mid-term direction, and long-cycle trend. When all four windows agree, conviction is high. When they disagree, the market is in transition — that is usually when negotiation leverage opens up.

How this number is calculated The Zillow Home Value Index (ZHVI) is a smoothed, seasonally-adjusted measure of the typical home value across all home types within a ZIP code. Unlike a simple median sale price, ZHVI accounts for compositional mix — so a month with mostly high-end sales does not artificially inflate the index. Source: Zillow Research methodology. CSV: Zip_zhvi_uc_sfrcondo CSV.

By property type: what trades in 11432

The aggregate ZHVI blends every home type into one number. For an actual sale or purchase in Jamaica, the property class matters — NYC’s Department of Finance organizes recorded sales by building class. The most common types in ZIP 11432:

🏘️

Multi-Family

Multiple residential units under one roof — strong rental demand in this ZIP.

🏠

Single-Family

DOF Class A — one-family detached or attached. Owner-occupied premium typically applies.

🏪

Mixed-Use

Commercial ground floor + residential above. Dual income stream.

🏗️

New Construction

Recently built or under construction. Modern finishes and building systems.

For a property-class-specific price, download the NYC DOF Rolling Sales for Queens County and filter by building class. Or call Nitin at (917) 705-0132 for a property-class report on ZIP 11432.

Mortgage rate context

Headline home values mean nothing without the cost of capital. Affordability is driven roughly equally by price and rate. Track the current 30-year fixed rate at FRED MORTGAGE30US.

Why this matters for a $575,000 home At a $575,000 purchase price with 20% down ($115,000 down, $460,000 financed), every 1% change in the 30-year fixed rate shifts your monthly principal-and-interest payment meaningfully. Monitor rate direction as closely as price direction. Computed using the standard 360-month amortization formula. Verify with the CFPB rate explorer.

Who buys here — housing stock & community

A diverse mix of multi-family properties, single-family detached homes, and newer mixed-use developments. The ongoing rezoning has attracted new condo and rental construction near the transit hub. Investment properties with multiple rental units remain the most popular asset class.

Communities historically served in this ZIP include Guyanese, Jamaican, Haitian, Indian, Bangladeshi, and Hispanic. The U.S. Census ACS (5-Year) publishes housing-stock and tenure tables at the ZCTA level — see Tables B25024, B25034, B25003 at data.census.gov.

Explore Jamaica

Neighborhood Guide

Jamaica — Schools, Transit, Community

All Queens Reports

Queens Housing Market Overview

All Markets

Queens, Brooklyn & Long Island Reports

Compare to neighboring markets

Click any tile to read that ZIP’s market report.

Frequently asked questions

What is the median home price in Jamaica (11432)?

The estimated median home value in Jamaica (ZIP 11432) is approximately $575,000, based on the Zillow Home Value Index. ZHVI is a smoothed, seasonally-adjusted estimate covering all home types. For current figures, visit zillow.com/research/data/.

Is Jamaica a buyer’s market or seller’s market?

With year-over-year appreciation of +5.3%, Jamaica shows positive price momentum. However, whether it favors buyers or sellers depends on current inventory levels and days-on-market — check Realtor.com Research for the latest supply data, or call Nitin for a live market read.

What is rent in Jamaica (11432)?

Typical rents in Jamaica run around $2,100/mo per Zillow ZORI data. HUD also publishes Fair Market Rents for Queens County annually, which serves as a useful benchmark against private-market asking rents.

Who is the best real estate agent in Jamaica?

Nitin Gadura is a Licensed NYS Real Estate Salesperson (License #10401383405) specializing in Queens and Long Island with $100M+ in closed transactions since 2018. Verify at appext20.dos.ny.gov.

Can I use this data to price my home?

ZIP-level data is a useful starting frame but does not replace an address-specific CMA. Two homes on the same block can trade at very different prices based on lot size, condition, finishes, school zone, and recent comp activity. For a free, no-obligation CMA, call (917) 705-0132 or email nitin@gadurarealestate.com.

Thinking of selling or buying in Jamaica?

Get a precise address-level CMA — no obligation, response within 24 hours.

Call (917) 705-0132 Free Home Valuation

EQUALHOUSING
OPPORTUNITY

Equal Housing Opportunity. Gadura Real Estate, LLC supports the principles of the Fair Housing Act and the Equal Opportunity Act. We do not discriminate based on race, color, religion, sex, handicap, familial status, sexual orientation, national origin, source of income, or any other protected class. OneKey® MLS member.

Research disclaimer. This page presents independent market research conducted by Nitin Gadura, a Licensed New York State Real Estate Salesperson (license #10401383405) operating under Gadura Real Estate, LLC, a licensed New York State real estate brokerage located at 106-09 101st Ave, Ozone Park, NY 11416. Data shown is sourced from publicly available datasets and is presented for educational and informational purposes only. It does not constitute legal, financial, tax, or investment advice. Past performance does not guarantee future results. Information is deemed reliable but is not guaranteed and should be independently verified before any real estate decision.

New York State RPL §443 agency disclosure is provided at the first substantive contact.

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Page generated 2026-06-23 · Canonical URL: https://gadurarealestate.com/market-reports/queens/jamaica-11432/ · Method: ZIP-level Zillow Research public datasets (all-homes, smoothed, seasonally-adjusted) · © 2026 Gadura Real Estate, LLC.