Property Prices in Armenia

Index Info
Price to Income Ratio: 18.74
Mortgage as Percentage of Income: 297.61%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 22.51
Price to Rent Ratio - Outside of Centre: 16.40
Gross Rental Yield (City Centre): 4.44%
Gross Rental Yield (Outside of Centre): 6.10%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 246,718.86 AMD 200,000.00-446,518.63
1 Bedroom Apartment Outside of City Centre 162,130.04 AMD 100,000.00-275,000.00
3 Bedroom Apartment in City Centre 459,333.39 AMD 350,000.00-800,000.00
3 Bedroom Apartment Outside of City Centre 288,213.97 AMD 200,000.00-410,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 114,332.79 AMD 87,353.84-148,643.63
Price per Square Feet to Buy Apartment Outside of Centre 53,582.66 AMD 37,160.91-74,321.81
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 241,079.34 AMD
Annual Mortgage Interest Rate (20-Year Fixed, in %) 15.09 12.00-18.20

These data are based on 293 entries from 48 contributors over the past 18 months.
Last update: 8 February 2026
Our data for each country are based on all entries from all cities in that country.

Sources and References
This Page in Other Languages: