Queens (Jamaica, Flushing), NY

Population: 2,293,673
Average annual home appreciation rate: 4.83%
Total of homes for sale in this market: 2,240
Median home price: $463,722
Median Rent: $1,506 per room
Home price range: 29.80% of homes are between $514,001 – $771,000
Median sales price: $349,000
Number of homes: Still gathering data
Median foreclosure sales price: $348,814
Foreclosure discount: Still gathering data
Most common home type: 39.33% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 7.10%
Number of renters: 56.28%
Number of owner occupied: 43.72%
Number people living below poverty level: 14.96%
Unemployment rate: 4.60%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Jamaica, Flushing (Queens) area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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