Property Prices in Jamaica

Index Info
Price to Income Ratio: 19.18
Mortgage as Percentage of Income: 186.66%
Loan Affordability Index: 0.54
Price to Rent Ratio - City Centre: 19.82
Price to Rent Ratio - Outside of Centre: 37.10
Gross Rental Yield (City Centre): 5.04%
Gross Rental Yield (Outside of Centre): 2.70%
Rent Per Month
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Apartment (1 bedroom) in City Centre 65,952.38 J$ 30,000.00-120,000.00
Apartment (1 bedroom) Outside of Centre 43,260.87 J$ 25,000.00-90,000.00
Apartment (3 bedrooms) in City Centre 146,254.57 J$ 85,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 100,443.66 J$ 45,000.00-180,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 29,267.17 J$ 20,844.00-39,999.67
Price per Square Feet to Buy Apartment Outside of Centre 36,778.97 J$ 9,290.23-103,849.82
Salaries And Financing
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Average Monthly Net Salary (After Tax) 92,649.02 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.59 5.00-12.00

These data are based on 183 entries in the past 18 months from 35 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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