Updated 2026 · Based on median market data for Jamestown, NY
The median monthly rent in Jamestown, NY is $930, translating to $11,160 in annual gross rental income per unit. The rent-to-price ratio is 0.56% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Jamestown spend approximately 25% of the local median household income ($43,975) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.
The vacancy rate in Jamestown is 6.3%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0% annually means demand is flat to declining — focus on properties in the strongest neighborhoods.
Jamestown's GRM (price divided by annual rent) is 14.8x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $930/mo, a single-family rental in Jamestown generates approximately $11,160 in gross annual income. After accounting for 6.3% vacancy ($703 lost), property taxes of $2,822, insurance (~$660), and maintenance (~$660), the estimated NOI is $6,315 per year, or $526/mo.
Jamestown vs New York state average and national average across key investment metrics. Jamestown beats the national average but trails the New York average on cap rate.