Gross rental yields in Panama: Panama City, Oeste, and Coclé
The average gross rental yield in Panama stands at 6.84% (Q2 2025). Previously, in Q2 2024, the average rental yield was 6.42%.
Cities compared
- Panama City
- Panama Oeste
- Coclé
Historical rental yields in Panama
View the full rental yield dataset (2023 - Present)
| Last Updated: April. 22, 2025 Next Update: October 2025 |
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| PANAMA CITY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| East Coast | |||
| Studio & 1-Bedroom | $292,853 | $1,900 | 7.79% |
| 2-Bedroom | $355,000 | $2,100 | 7.10% |
| 3-Bedroom | $485,000 | $2,700 | 6.68% |
| 4+Bedroom | $1,100,000 | $5,500 | 6.00% |
| San Francisco | |||
| Studio & 1-Bedroom | $180,000 | $1,350 | 9.00% |
| 2-Bedroom | $195,000 | $1,200 | 7.38% |
| 3-Bedroom | $315,000 | $2,000 | 7.62% |
| 4+Bedroom | $615,000 | $3,300 | 6.44% |
| Pacific Point | |||
| Studio & 1-Bedroom | $310,000 | $2,000 | 7.74% |
| 2-Bedroom | $450,000 | $2,400 | 6.40% |
| 3-Bedroom | $615,000 | $3,750 | 7.32% |
| 4+Bedroom | $1,250,000 | $5,500 | 5.28% |
| Balboa Avenue | |||
| Studio & 1-Bedroom | $245,000 | $1,550 | 7.59% |
| 2-Bedroom | $345,000 | $2,000 | 6.96% |
| 3-Bedroom | $495,000 | $2,700 | 6.55% |
| 4+Bedroom | $695,000 | $3,600 | 6.22% |
| Santa Maria | |||
| 2-Bedroom | $437,950 | $2,400 | 6.58% |
| 3-Bedroom | $830,952 | $3,200 | 4.62% |
| 4+Bedroom | $1,350,000 | $7,000 | 6.22% |
| Bella Vista | |||
| Studio & 1-Bedroom | $145,000 | $1,500 | 12.41% |
| 2-Bedroom | $247,000 | $1,600 | 7.77% |
| 3-Bedroom | $350,000 | $1,600 | 5.49% |
| El Cangrejo | |||
| Studio & 1-Bedroom | $179,529 | $1,250 | 8.36% |
| 2-Bedroom | $210,000 | $1,300 | 7.43% |
| 3-Bedroom | $275,000 | $1,500 | 6.55% |
| Coco del Mar | |||
| Studio & 1-Bedroom | $225,000 | $1,275 | 6.80% |
| 2-Bedroom | $313,750 | $1,600 | 6.12% |
| 3-Bedroom | $475,000 | $2,500 | 6.32% |
| Panama City (all locations) | |||
| Studio & 1-Bedroom | $215,000 | $1,550 | 8.65% |
| 2-Bedroom | $220,000 | $1,600 | 8.73% |
| 3-Bedroom | $395,000 | $2,400 | 7.29% |
| 4+Bedroom | $995,000 | $5,500 | 6.63% |
| Panama City avg. Rental Yields | 7.84% | ||
| PANAMA OESTE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Panam Oeste (all locations) | |||
| Studio & 1-Bedroom | $170,000 | $1,100 | 7.76% |
| 2-Bedroom | $248,000 | $1,250 | 6.05% |
| 3-Bedroom | $355,000 | $1,600 | 5.41% |
| Panama Oeste avg. Rental Yields | 6.41% | ||
| COCLÉ - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Coclé (all locations) | |||
| 2-Bedroom | $260,000 | $1,500 | 6.92% |
| 3-Bedroom | $399,000 | $1,875 | 5.64% |
| Coclé avg. Rental Yields | 6.28% | ||
| 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, and 3-bedroom properties 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.