Property Prices in Armenia

Index Info
Price to Income Ratio: 22.67
Mortgage as Percentage of Income: 368.31%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 22.50
Price to Rent Ratio - Outside of Centre: 16.02
Gross Rental Yield (City Centre): 4.44%
Gross Rental Yield (Outside of Centre): 6.24%
Rent Per Month
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Apartment (1 bedroom) in City Centre 764.02 $ 519.81-1,299.52
Apartment (1 bedroom) Outside of Centre 528.83 $ 363.87-909.67
Apartment (3 bedrooms) in City Centre 1,358.45 $ 909.67-2,079.24
Apartment (3 bedrooms) Outside of Centre 863.98 $ 597.78-1,429.48
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 346.50 $ 217.31-507.06
Price per Square Feet to Buy Apartment Outside of Centre 164.62 $ 120.73-253.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 606.85 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.50 12.00-18.20

These data are based on 395 entries from 61 contributors over the past 18 months.
Last update: 26 May 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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