Property Prices in Jamaica

Index
Price to Income Ratio:	35.51
Mortgage as Percentage of Income:	366.64%
Loan Affordability Index:	0.27
Price to Rent Ratio - City Centre:	34.19
Price to Rent Ratio - Outside of Centre:	73.46
Gross Rental Yield (City Centre):	2.92%
Gross Rental Yield (Outside of Centre):	1.36%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	73,339.25 J$	30,000.00-180,000.00
Apartment (1 bedroom) Outside of Centre	44,151.49 J$	20,000.00-310,574.78
Apartment (3 bedrooms) in City Centre	153,250.83 J$	70,000.00-436,000.00
Apartment (3 bedrooms) Outside of Centre	102,418.97 J$	40,000.00-525,380.24
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	54,507.81 J$	19,999.83-124,388.87
Price per Square Feet to Buy Apartment Outside of Centre	74,282.20 J$	19,999.83-109,788.35
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	97,612.66 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	8.38	6.00-10.00

These data are based on 215 entries in the past 18 months from 38 different contributors.
Last update: June 2021
Our data for each country are based on all entries from all cities in that country.

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