How much does the average house cost in Bermuda?

The average house in Bermuda costs around $1.5 to $2.5 million USD, with starter homes beginning around $800,000 and premium properties (waterfront, Tucker’s Town, larger Hamilton-area homes) routinely clearing $5 million. Bermuda’s limited landmass (just 20 square miles), strict zoning, and high construction costs combine to keep property prices among the highest in the world. Foreign buyers face additional friction: non-Bermudians can buy only properties above a specific annual rental value threshold, pay a 25 percent foreign buyer tax (the Trust Property Tax), and require government approval. Most expats rent rather than buy, with modest two-bedroom units running $1,800 to $3,500 a month and premium properties at $5,000-plus. For the full cost picture, see our Bermuda cost of living page.