Property Prices in Drammen, Norway

Index
Price to Income Ratio:	11.88
Mortgage as Percentage of Income:	89.97%
Loan Affordability Index:	1.11
Price to Rent Ratio - City Centre:	52.33
Price to Rent Ratio - Outside of Centre:	36.01
Gross Rental Yield (City Centre):	1.91%
Gross Rental Yield (Outside of Centre):	2.78%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	9,333.33 kr	8,000.00-11,000.00
Apartment (1 bedroom) Outside of Centre	7,750.00 kr	6,500.00-9,000.00
Apartment (3 bedrooms) in City Centre	14,500.00 kr	13,000.00-16,000.00
Apartment (3 bedrooms) Outside of Centre	13,500.00 kr	10,000.00-17,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	9,290.23 kr
Price per Square Feet to Buy Apartment Outside of Centre	5,574.14 kr
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	33,666.67 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.47	3.80-5.82

These data are based on 20 entries from 6 contributors over the past 18 months.
Last update: 28 December 2024

Sources and References

Nearby Cities:

Property Prices in Asker	13.65 miles
Property Prices in Baerum	21.09 miles
Property Prices in Kongsberg	24.03 miles
Property Prices in Drobak	26.23 miles
Property Prices in Oslo	26.61 miles
Property Prices in Trosterud	32.08 miles
Property Prices in Ski	33.43 miles
Property Prices in Horten	34.73 miles
Property Prices in Oppegard	34.93 miles
Property Prices in Honefoss	36.98 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	90,500.00
GDP Growth Rate:	0.48%
Population Growth Rate:	0.59%