Property Prices in Addis Ababa, Ethiopia

Index Info
Price to Income Ratio: 47.09
Mortgage as Percentage of Income: 786.13%
Loan Affordability Index: 0.13
Price to Rent Ratio - City Centre: 14.82
Price to Rent Ratio - Outside of Centre: 20.40
Gross Rental Yield (City Centre): 6.75%
Gross Rental Yield (Outside of Centre): 4.90%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 581.50 $ 267.00-1,100.00
Apartment (1 bedroom) Outside of Centre 316.00 $ 180.00-750.00
Apartment (3 bedrooms) in City Centre 1,461.17 $ 650.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 729.55 $ 350.00-1,200.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 205.76 $ 139.35-306.58
Price per Square Feet to Buy Apartment Outside of Centre 147.32 $ 92.90-204.38
Salaries And Financing
Average Monthly Net Salary (After Tax) 201.78 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.00 11.00-17.00

These data are based on 112 entries in the past 18 months from 17 different contributors.
Last update: March 2024

Sources and References
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7 Comments so far
Buruk on Jan 29, 2024:
Any one else, I will provide you one bed room furnished apartment for your rent with 877USD per month and any one who wants apartment to buy, he/she can communicate me at excellent location
Buruk on Jan 29, 2024:
The price you entered is no true. In Addis Ababa, you need to cost 1M2 home (per meter square) was more than 3475 in Ayat real estate around the city center. All ohtehr facts are put low, but realy what we are facing is high
Kalkaal Hassan on Jul 13, 2023:
i need appartment i need online booking can you help me

BAQAR on Jan 20, 2021:
I would like a cheap apartment near the center of the capital, cheap for one person, monthly rent of less than 200 dollars
Anonymous on Jun 18, 2020:
Ministry of construction and city admin.must work hard to solve resedential problem for citizens with fair price. The price escalated because of realestate's company's unsatified profit marigin which is 50 to 65% from building construction. Not only that by importing finishing material they will grab unlimited profit.
Anonymous on Jun 18, 2020:
House in us cheaper and twice bigger there is absolutely major wrong there.
Anonymous on Apr 21, 2020:
top 10 most expensive real estate locations in Addis ababa?