Property Prices in Jamaica

Index Info
Price to Income Ratio: 20.51
Mortgage as Percentage of Income: 223.54%
Loan Affordability Index: 0.45
Price to Rent Ratio - City Centre: 14.33
Price to Rent Ratio - Outside of Centre: 39.19
Gross Rental Yield (City Centre): 6.98%
Gross Rental Yield (Outside of Centre): 2.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 97,828.81 J$ 50,000.0-180,000.0
Apartment (1 bedroom) Outside of Centre 51,666.67 J$ 30,000.0-100,000.0
Apartment (3 bedrooms) in City Centre 226,324.7 J$ 90,000.0-460,000.0
Apartment (3 bedrooms) Outside of Centre 134,106.21 J$ 70,000.0-250,000.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 32,057.11 J$ 25,987.11-103,331.29
Price per Square Feet to Buy Apartment Outside of Centre 49,200.57 J$ 26,770.72-103,331.29
Salaries And Financing
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Average Monthly Net Salary (After Tax) 106,620.64 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.13 5.0-12.5

These data are based on 141 entries in the past 18 months from 29 different contributors.
Last update: October 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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