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These days, finding an affordable place to live in the Jamaica area can be challenging. Home prices in Jamaica are now at a median cost of $279,500, lower than the Virginia average of $443,089.
The average cost of rent is $973/mo in Jamaica, primarily driven by the current value of real estate in the Jamaica area. In Jamaica, 20.00% of households rent, and 44.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Jamaica is $5,492 per month. Households that rent pay about 17.72% of their income on rent here. Jamaica’s most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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