Flight time is the most accurate and frequently used variable when assessing the height of vertical jumps. The purpose of this study was to analyze the validity and reliability of an alternative method (i.e., the HSC-Kinovea method) for measuring the flight time and height of vertical jumping using a low-cost high-speed Casio Exilim FH-25 camera (HSC). To this end, 25 subjects performed a total of 125 vertical jumps on an infrared (IR) platform while simultaneously being recorded with a HSC at 240 fps. Subsequently, 2 observers with no experience in video analysis analyzed the 125 videos independently using the open-license Kinovea 0.8.15 software. The flight times obtained were then converted into vertical jump heights, and the intraclass correlation coefficient (ICC), Bland-Altman plot, and Pearson correlation coefficient were calculated for those variables. The results showed a perfect correlation agreement (ICC = 1, p < 0.0001) between both observers' measurements of flight time and jump height and a highly reliable agreement (ICC = 0.997, p < 0.0001) between the observers' measurements of flight time and jump height using the HSC-Kinovea method and those obtained using the IR system, thus explaining 99.5% (p < 0.0001) of the differences (shared variance) obtained using the IR platform. As a result, besides requiring no previous experience in the use of this technology, the HSC-Kinovea method can be considered to provide similarly valid and reliable measurements of flight time and vertical jump height as more expensive equipment (i.e., IR). As such, coaches from many sports could use the HSC-Kinovea method to measure the flight time and height of their athlete's vertical jumps.