Property Prices in Jamaica

Index Info
Price to Income Ratio: 19.23
Mortgage as Percentage of Income: 191.87%
Loan Affordability Index: 0.52
Price to Rent Ratio - City Centre: 19.58
Price to Rent Ratio - Outside of Centre: 33.66
Gross Rental Yield (City Centre): 5.11%
Gross Rental Yield (Outside of Centre): 2.97%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 71,932.17 J$ 30,000.00-150,000.00
Apartment (1 bedroom) Outside of Centre 47,916.67 J$ 25,000.00-100,000.00
Apartment (3 bedrooms) in City Centre 161,662.67 J$ 85,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 110,240.95 J$ 45,000.00-185,623.74
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 31,740.45 J$ 25,987.11-39,999.67
Price per Square Feet to Buy Apartment Outside of Centre 36,781.44 J$ 9,290.23-103,691.05
Salaries And Financing
Average Monthly Net Salary (After Tax) 95,884.21 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.92 6.00-12.00

These data are based on 193 entries in the past 18 months from 36 different contributors.
Last update: June 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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