Price/Rent Ratio in Dominica 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
|
Dominica does not publish official house price statistics. General economics statistics are from the Eastern Caribbean Central Bank.