Market Overview
Home Prices in Jamaica, VA
The median home value in Jamaica, VA is $417,868 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jamaica are priced2% above average. Jamaica is part of the Richmond, VA metro area.
Over the past five years, Jamaica home values have risen by approximately22.0%, reflecting strong long-term appreciation in this market.
Price History
Jamaica Home Price Trend
City Comparison
Jamaica vs. National Median
At $417,868, homes in Jamaica cost 2% above the national median of $410,000. Buyers in Jamaica should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Jamaica?
20% Down Payment
$83,574
on $417,868
Monthly P&I
$2,179/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,767/mo
incl. taxes & insurance
Income Needed
$110,680
gross annual (30% rule)
10% Down Option
$41,787
+ PMI applies
Loan Amount (20% dn)
$334,294
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Jamaica, VA?
The median home value in Jamaica is $417,868 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Jamaica?
Over the past year, home values in Jamaica have increased by 4.9%. Over five years, prices have risen approximately 22.0%.
How much do I need to earn to buy a home in Jamaica?
To comfortably afford the median home price of $417,868 with a 20% down payment ($83,574) at today's rates (6.8%), you'd need a gross annual income of approximately $110,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Jamaica compare to the national average home price?
The national median home value is approximately $410,000. At $417,868, homes in Jamaica are 2% above the national average.
What metro area is Jamaica part of?
Jamaica is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.