Property Prices in Jamaica

Index Info
Price to Income Ratio: 16.23
Mortgage as Percentage of Income: 164.77%
Loan Affordability Index: 0.61
Price to Rent Ratio - City Centre: 16.58
Price to Rent Ratio - Outside of Centre: 24.08
Gross Rental Yield (City Centre): 6.03%
Gross Rental Yield (Outside of Centre): 4.15%
Rent Per Month
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Apartment (1 bedroom) in City Centre 78,639.32 J$ 30,000.00-150,000.00
Apartment (1 bedroom) Outside of Centre 49,933.20 J$ 25,000.00-140,000.00
Apartment (3 bedrooms) in City Centre 188,864.46 J$ 90,000.00-460,000.00
Apartment (3 bedrooms) Outside of Centre 130,059.18 J$ 60,000.00-250,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 30,410.18 J$ 20,844.00-39,999.67
Price per Square Feet to Buy Apartment Outside of Centre 29,270.89 J$ 9,290.23-103,097.83
Salaries And Financing
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Average Monthly Net Salary (After Tax) 98,929.41 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.15 5.70-12.00

These data are based on 172 entries in the past 18 months from 33 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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