Property Prices in Armenia

Index Info
Price to Income Ratio: 17.85
Mortgage as Percentage of Income: 275.58%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 17.18
Price to Rent Ratio - Outside of Centre: 12.07
Gross Rental Yield (City Centre): 5.82%
Gross Rental Yield (Outside of Centre): 8.29%
Rent Per Month
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Apartment (1 bedroom) in City Centre 897.60 $ 634.08-1,294.04
Apartment (1 bedroom) Outside of Centre 601.07 $ 388.21-802.31
Apartment (3 bedrooms) in City Centre 1,467.82 $ 970.53-2,500.00
Apartment (3 bedrooms) Outside of Centre 929.43 $ 595.26-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 299.73 $ 204.37-480.88
Price per Square Feet to Buy Apartment Outside of Centre 137.68 $ 102.19-192.35
Salaries And Financing
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Average Monthly Net Salary (After Tax) 659.58 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.59 12.00-18.50

These data are based on 411 entries in the past 18 months from 74 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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