Gross rental yields in Panama: Panama Oeste and Coclé
The average gross rental yield in Panama stands at 6.42% (Q2 2024). Previously, in Q1 2023 the average rental yield was 6.52%.
Cities compared
- Panama
- Panama Oeste
- Coclé
Historical rental yields in Panama
View the full rental yield dataset (2023 - Present)
| Last Updated: May. 09, 2024 Next Update: April 2025 |
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| PANAMA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| East Coast | |||
| Studio & 1-Bedroom | $288,354 | $1,850 | 7.70% |
| 2-Bedroom | $310,000 | $2,100 | 8.13% |
| 3-Bedroom | $540,000 | $2,500 | 5.56% |
| 4+Bedroom | $1,100,000 | $4,900 | 5.35% |
| San Francisco | |||
| Studio & 1-Bedroom | $180,000 | $1,200 | 8.00% |
| 2-Bedroom | $194,700 | $1,200 | 7.40% |
| 3-Bedroom | $320,000 | $1,900 | 7.13% |
| 4+Bedroom | $655,000 | $2,900 | 5.31% |
| Pacific Point | |||
| Studio & 1-Bedroom | $310,000 | $1,900 | 7.35% |
| 2-Bedroom | $435,000 | $2,300 | 6.34% |
| 3-Bedroom | $550,000 | $2,725 | 5.95% |
| 4+Bedroom | $1,250,000 | $5,500 | 5.28% |
| Balboa Avenue | |||
| Studio & 1-Bedroom | $246,048 | $1,500 | 7.32% |
| 2-Bedroom | $330,000 | $1,950 | 7.09% |
| 3-Bedroom | $490,000 | $2,600 | 6.37% |
| 4+Bedroom | $500,000 | $3,500 | 8.40% |
| Santa Maria | |||
| 2-Bedroom | $427,950 | $2,300 | 6.45% |
| 3-Bedroom | $820,500 | $4,000 | 5.85% |
| 4+Bedroom | $1,390,000 | $5,600 | 4.83% |
| Bella Vista | |||
| Studio & 1-Bedroom | $148,891 | $1,100 | 8.87% |
| 2-Bedroom | $253,000 | $1,350 | 6.40% |
| 3-Bedroom | $355,000 | $1,750 | 5.92% |
| El Cangrejo | |||
| Studio & 1-Bedroom | $180,000 | $1,050 | 7.00% |
| 2-Bedroom | $210,000 | $1,150 | 6.57% |
| 3-Bedroom | $275,000 | $1,500 | 6.55% |
| Coco del Mar | |||
| Studio & 1-Bedroom | $194,500 | $1,150 | 7.10% |
| 2-Bedroom | $290,000 | $1,600 | 6.62% |
| 3-Bedroom | $425,000 | $2,600 | 7.34% |
| Panama avg. Rental Yields | 6.78% | ||
| PANAMA OESTE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Panam Oeste (all locations) | |||
| Studio & 1-Bedroom | $170,000 | $950 | 6.71% |
| 2-Bedroom | $248,724 | $1,300 | 6.27% |
| 3-Bedroom | $355,000 | $1,600 | 5.41% |
| Panama Oeste avg. Rental Yields | 6.13% | ||
| COCLÉ - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Coclé (all locations) | |||
| 2-Bedroom | $230,000 | $1,200 | 6.26% |
| 3-Bedroom | $370,000 | $1,980 | 6.42% |
| Coclé avg. Rental Yields | 6.34% | ||
| 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 Compreoalquile.com |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in Panama, 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.