Property Prices in Jamaica

Index
Price to Income Ratio:	38.83
Mortgage as Percentage of Income:	389.66%
Loan Affordability Index:	0.26
Price to Rent Ratio - City Centre:	36.62
Price to Rent Ratio - Outside of Centre:	62.70
Gross Rental Yield (City Centre):	2.73%
Gross Rental Yield (Outside of Centre):	1.59%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	74,647.17 J$	30,000.00-360,343.06
Apartment (1 bedroom) Outside of Centre	45,909.09 J$	20,000.00-313,519.67
Apartment (3 bedrooms) in City Centre	148,174.47 J$	60,000.00-530,361.94
Apartment (3 bedrooms) Outside of Centre	96,447.20 J$	40,000.00-530,361.94
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	57,969.74 J$	20,844.00-125,568.34
Price per Square Feet to Buy Apartment Outside of Centre	62,736.07 J$	14,999.88-105,242.09
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	83,647.06 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	8.00	6.00-11.00

These data are based on 206 entries in the past 18 months from 36 different contributors.
Last update: June 2022
Our data for each country are based on all entries from all cities in that country.

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