Gross rental yields in Jamaica: Kingston & St. Andrew
The average gross rental yield in Jamaica stands at 6.39% (Q2, 2025). Previously, in Q3 2024, the rental yield was 6.73%.
Note: Jamaica's property portals currently lack a sufficient number of apartments for sale or rent to provide a reliable overview of rental yields.
Historical rental yields in Jamaica
View the full rental yield dataset (2024 - Present)
| Last Updated: April. 16, 2025 Next Update: October 2025 |
|||
| KINGSTON & St. ANDREW - All Dwelling Types | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kingston & St. Andrew (all locations) | |||
| 1-Bedroom | $221,716 | $950 | 5.14% |
| 2-Bedroom | $262,893 | $1,500 | 6.85% |
| 3-Bedroom | $418,094 | $2,500 | 7.18% |
| Kingston & St. Andrew avg. rental yields | 6.39% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents' fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and RE/MAX |
|||
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the capital city of Jamaica, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.