Monthly Rent Report
Jamaica Rent Report — August 2023
Asking rents in ZIP 11434, New York City, from 28 listings.
Median 1BR rent in Jamaica was $1,725 in August 2023, down 9.2% (−$175) from July 2023 and down 11.5% year-over-year. The middle half of 1BR listings asked between $1,638 and $1,813. That puts Jamaica $625 below the New York City citywide 1BR median of $2,350. The month's figures are based on 28 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,300 | $0 (0.0%) | +$800 (+53.3%) | $1,725 – $2,775 | 3 |
| Studio | $2,300 | $0 (0.0%) | +$800 (+53.3%) | $1,725 – $2,775 | 3 |
| 1BR | $1,725 | −$175 (-9.2%) | −$225 (-11.5%) | $1,638 – $1,813 | 2 |
| 1BR | $1,500 | −$400 (-21.1%) | −$450 (-23.1%) | $1,500 – $1,800 | 3 |
| 1BR | $1,850 | −$50 (-2.6%) | −$100 (-5.1%) | $1,850 – $1,850 | 1 |
| 2BR | $2,000 | −$300 (-13.0%) | −$700 (-25.9%) | $2,000 – $2,000 | 1 |
| 2BR | $2,305 | +$5 (+0.2%) | −$395 (-14.6%) | $2,278 – $2,403 | 3 |
| 3BR | $3,100 | +$100 (+3.3%) | −$88 (-2.8%) | $3,050 – $3,150 | 2 |
| 3BR | $2,925 | −$75 (-2.5%) | −$263 (-8.2%) | $2,888 – $2,963 | 2 |
| 3BR | $3,357 | +$357 (+11.9%) | +$169 (+5.3%) | $3,161 – $3,500 | 4 |
| 4BR | $3,647 | +$147 (+4.2%) | −$1,978 (-35.2%) | $3,574 – $3,647 | 3 |
| 4BR | $3,647 | +$147 (+4.2%) | −$1,978 (-35.2%) | $3,647 – $3,647 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Jamaica vs. New York City — August 2023
| Bedrooms | Jamaica Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,300 | $2,490 | −$190 (-7.6%) |
| Studio | $2,300 | $2,490 | −$190 (-7.6%) |
| 1BR | $1,725 | $2,350 | −$625 (-26.6%) |
| 1BR | $1,500 | $2,350 | −$850 (-36.2%) |
| 1BR | $1,850 | $2,350 | −$500 (-21.3%) |
| 2BR | $2,000 | $2,859 | −$859 (-30.0%) |
| 2BR | $2,305 | $2,859 | −$554 (-19.4%) |
| 3BR | $3,100 | $3,413 | −$312 (-9.2%) |
| 3BR | $2,925 | $3,413 | −$487 (-14.3%) |
| 3BR | $3,357 | $3,413 | −$55 (-1.6%) |
| 4BR | $3,647 | $4,200 | −$553 (-13.2%) |
| 4BR | $3,647 | $4,200 | −$553 (-13.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.