Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 6.26
Mortgage as Percentage of Income: 45.31%
Loan Affordability Index: 2.21
Price to Rent Ratio - City Centre: 31.17
Price to Rent Ratio - Outside of Centre: 26.44
Gross Rental Yield (City Centre): 3.21%
Gross Rental Yield (Outside of Centre): 3.78%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre €551.56 340.00-925.00
1 Bedroom Apartment Outside of City Centre €439.50 340.00-600.00
3 Bedroom Apartment in City Centre €1,269.38 955.00-1,500.00
3 Bedroom Apartment Outside of City Centre €863.71 846.00-950.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre €392.16 371.61-426.42
Price per Square Feet to Buy Apartment Outside of Centre €245.30 199.00-276.85
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) €2,741.10
Annual Mortgage Interest Rate (20-Year Fixed, in %) 3.95 3.90-4.20

These data are based on 92 entries from 15 contributors over the past 18 months.
Last update: 1 June 2026

Sources and References
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