Price/Rent Ratio in Aruba compared to Caribbean
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
| Cayman Islands, Grand Cayman |
19 yrs
|
| Bahamas, Nassau |
17 yrs
|
| Aruba |
17 yrs
|
Aruba does not publish official house price statistics. General economics data can be found at the International Monetary Fund and at the Central Bank of Aruba. Economic reviews are available from the Aruba Economics Affairs.