Property Prices in Jamaica

Index Info
Price to Income Ratio: 14.36
Mortgage as Percentage of Income: 150.15%
Loan Affordability Index: 0.67
Price to Rent Ratio - City Centre: 14.60
Price to Rent Ratio - Outside of Centre: 21.81
Gross Rental Yield (City Centre): 6.85%
Gross Rental Yield (Outside of Centre): 4.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 84,665.12 J$ 30,000.00-156,496.70
Apartment (1 bedroom) Outside of Centre 51,842.11 J$ 25,000.00-93,898.02
Apartment (3 bedrooms) in City Centre 211,655.59 J$ 90,000.00-460,000.00
Apartment (3 bedrooms) Outside of Centre 117,471.41 J$ 60,000.00-220,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 29,433.02 J$ 20,844.00-39,999.67
Price per Square Feet to Buy Apartment Outside of Centre 25,589.93 J$ 9,290.23-101,963.95
Salaries And Financing
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Average Monthly Net Salary (After Tax) 103,099.35 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.55 6.00-12.00

These data are based on 156 entries in the past 18 months from 29 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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