Property Prices in Jamaica

Index Info
Price to Income Ratio: 15.72
Mortgage as Percentage of Income: 166.63%
Loan Affordability Index: 0.60
Price to Rent Ratio - City Centre: 14.69
Price to Rent Ratio - Outside of Centre: 20.84
Gross Rental Yield (City Centre): 6.81%
Gross Rental Yield (Outside of Centre): 4.80%
Rent Per Month
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Apartment (1 bedroom) in City Centre 106,224.87 J$ 50,000.00-180,000.00
Apartment (1 bedroom) Outside of Centre 60,443.61 J$ 30,000.00-120,000.00
Apartment (3 bedrooms) in City Centre 243,150.19 J$ 105,000.00-460,000.00
Apartment (3 bedrooms) Outside of Centre 157,162.92 J$ 80,000.00-300,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 35,500.40 J$ 25,987.11-44,999.63
Price per Square Feet to Buy Apartment Outside of Centre 30,641.65 J$ 26,770.72-85,470.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 113,238.15 J$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.75 5.00-12.50

These data are based on 164 entries in the past 18 months from 33 different contributors.
Last update: February 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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