Dominican Republic House Prices, Rents & Rental Yields (2026)
How much property costs in Dominican Republic, what it rents for and how that compares with neighbouring markets in Latin America and the Caribbean. City-centre prices per m² rank 7 of 10 in this comparison; gross yields rank 3 of 10.
- Apartment price per m² (city centre)
- $1,450
- 2023
- Apartment price per m² (outside centre)
- $587
- 2020
- Gross rental yield (city centre)
- 7.4%
- 2024
- Price-to-income ratio
- 15.5
- 2024
- Rent: 1-bedroom, city centre
- $800/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 14.2%
- 2023
Price and rent trends in Dominican Republic
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,450 | 2023 | -18.4% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $587 | 2020 | -28.8% vs 2019 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 15.5 | 2024 | -1.9% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 7.4% | 2024 | -0.5 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 13.5 | 2024 | +6.3% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $800/mo | 2024 | +59.3% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $308/mo | 2023 | +7.5% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $917/mo | 2023 | -21.4% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $636/mo | 2023 | +22.3% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 14.2% | 2023 | +2.1 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 15.5 | 7.4% | 13.5 | $800/mo | — | — | — | — |
| 2023 | $1,450 | — | 15.8 | 7.9% | 12.7 | $502/mo | $308/mo | $917/mo | $636/mo | 14.2% |
| 2022 | $1,778 | — | 14.3 | 6.3% | 15.8 | $576/mo | $286/mo | $1,166/mo | $520/mo | 12.1% |
| 2021 | — | — | 11.8 | 7.3% | 13.7 | $547/mo | $242/mo | $757/mo | $381/mo | — |
| 2020 | $1,115 | $587 | 13.5 | 6.7% | 14.9 | $395/mo | $200/mo | $664/mo | $355/mo | 13.0% |
| 2019 | $1,217 | $825 | 13.7 | 6.3% | 15.9 | $396/mo | $249/mo | $697/mo | $413/mo | 11.3% |
| 2018 | $1,616 | $812 | 12.7 | 6.6% | 15.2 | $385/mo | $215/mo | $825/mo | $396/mo | 14.1% |
| 2017 | $1,104 | $589 | 12.6 | 7.0% | 14.2 | $319/mo | $165/mo | $702/mo | $373/mo | 13.3% |
Dominican Republic compared with Latin America and the Caribbean
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Dominican Republic | $1,450 | 7.4% | 15.5 | 14.2% |
| Argentina | $2,312 | 3.0% | 21.1 | 98.0% |
| Bolivia | $1,120 | 5.7% | 12.8 | 7.7% |
| Brazil | $1,778 | 4.5% | 16.5 | 10.8% |
| Chile | $2,813 | 4.3% | 17.5 | 5.3% |
| Colombia | $1,241 | 4.8% | 18.7 | 14.7% |
| Costa Rica | $1,659 | 7.0% | 9.4 | — |
| Ecuador | $1,214 | 6.1% | 11.3 | 10.9% |
| Mexico | $1,852 | 7.7% | 10.7 | 11.4% |
| Panama | $2,519 | 8.7% | 11.1 | 6.3% |
Related
- Mortgages in Dominican Republic for foreigners
- Dominican Republic market overview
- Tax rates in Dominican Republic
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.