Property Prices in Jamaica

Index Info
Price to Income Ratio: 21.26
Mortgage as Percentage of Income: 215.74%
Loan Affordability Index: 0.46
Price to Rent Ratio - City Centre: 19.44
Price to Rent Ratio - Outside of Centre: 37.64
Gross Rental Yield (City Centre): 5.14%
Gross Rental Yield (Outside of Centre): 2.66%
Rent Per Month
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Apartment (1 bedroom) in City Centre 73,544.76 J$ 30,000.00-124,920.86
Apartment (1 bedroom) Outside of Centre 48,695.44 J$ 25,000.00-140,000.00
Apartment (3 bedrooms) in City Centre 167,546.56 J$ 85,000.00-312,302.16
Apartment (3 bedrooms) Outside of Centre 116,415.68 J$ 45,000.00-220,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 32,438.98 J$ 25,987.11-39,999.67
Price per Square Feet to Buy Apartment Outside of Centre 42,641.30 J$ 14,999.88-103,730.27
Salaries And Financing
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Average Monthly Net Salary (After Tax) 95,051.63 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.15 5.70-12.00

These data are based on 188 entries in the past 18 months from 36 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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