11430, Jamaica, NY

The 11430 zip code of Jamaica, NY has a median home value of $157,000. This is a decrease from the previous year when the median home value was $163,000. The 11430 zip code has seen an overall decrease in home values since 2007 when the median home value was $194,000. The 11430 zip code has also seen a decrease in home values since 2000 when the median home value was $215,000.

There are many factors that could be contributing to this decline in Jamaica home values. One reason could be that there are more homes for sale than there are buyers available. Another reason could be that interest rates have been on the rise and this makes it more expensive to purchase a home. Additionally, some homeowners may have decided to sell their homes because they believe that prices will continue to decline and they want to take advantage of this opportunity before prices increase again.

Despite these decreases in Jamaica home values, it is still an affordable place to live compared to other areas of New York City or even other parts of the country. In fact, according to Zillow’s 2018 Home Value Index report, the 11430 zip code ranks as one of the most affordable places in all of New York State!