Jamaica Plain Apartment Rental Market Report 2022

The rental market in Jamaica Plain is experiencing historically low inventory in 2022. With just 10 weeks remaining until the pivotal 9/1 leasing date, the real-time vacancy rate (RTVR) of Jamaica Plain apartments has surpassed its previous all-time low set in August of 2019. Apartment availability has dropped by -47.27% compared to its pre-pandemic level in June of 2019. Despite the record low rental supply, average rent in Jamaica Plain still sits $123 below its all-time high set on June 1, 2020.
Jamaica Plain Rental Supply Metrics

The current RTVR in Jamaica Plain is 0.50%. That figure marks a -91.08% decrease in vacancies compared to a year ago when apartment supply numbers were still inflated due to the pandemic. Just two weeks ago, the RTVR hit an all-time low of 0.16%, indicating an astounding apartment occupancy percentage of 99.84% in Jamaica Plain. At this point – the only reason why a vacant apartment in JP has not rented in a week is due to the fact that it is most likely in poor condition and/or overpriced.