Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 5.22
Mortgage as Percentage of Income: 31.47%
Loan Affordability Index: 3.18
Price to Rent Ratio - City Centre: 17.24
Price to Rent Ratio - Outside of Centre: 28.99
Gross Rental Yield (City Centre): 5.80%
Gross Rental Yield (Outside of Centre): 3.45%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 750.00 € 600.00-850.00
Apartment (1 bedroom) Outside of Centre 507.14 € 350.00-600.00
Apartment (3 bedrooms) in City Centre 1,043.75 € 700.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 845.00 € 750.00-1,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 235.35 € 213.68-278.71
Price per Square Feet to Buy Apartment Outside of Centre 288.00 € 157.93-418.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,697.92 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.93 1.00-2.29

These data are based on 61 entries in the past 18 months from 11 different contributors.
Last update: June 2023

Sources and References
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