Property Prices in Jamaica

Index Info
Price to Income Ratio: 20.79
Mortgage as Percentage of Income: 211.05%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 18.00
Price to Rent Ratio - Outside of Centre: 37.04
Gross Rental Yield (City Centre): 5.56%
Gross Rental Yield (Outside of Centre): 2.70%
Rent Per Month
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Apartment (1 bedroom) in City Centre 74,747.27 J$ 30,000.00-150,000.00
Apartment (1 bedroom) Outside of Centre 49,340.46 J$ 25,000.00-140,000.00
Apartment (3 bedrooms) in City Centre 175,261.70 J$ 90,000.00-311,705.06
Apartment (3 bedrooms) Outside of Centre 117,675.53 J$ 50,000.00-220,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 30,983.19 J$ 20,844.00-39,999.67
Price per Square Feet to Buy Apartment Outside of Centre 42,465.53 J$ 14,999.88-102,735.35
Salaries And Financing
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Average Monthly Net Salary (After Tax) 95,051.63 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.15 5.70-12.00

These data are based on 194 entries in the past 18 months from 37 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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