Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 5.76
Mortgage as Percentage of Income: 41.81%
Loan Affordability Index: 2.39
Price to Rent Ratio - City Centre: 27.01
Price to Rent Ratio - Outside of Centre: 26.52
Gross Rental Yield (City Centre): 3.70%
Gross Rental Yield (Outside of Centre): 3.77%
Rent Per Month
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Apartment (1 bedroom) in City Centre 634.92 € 340.00-1,000.00
Apartment (1 bedroom) Outside of Centre 512.73 € 340.00-700.00
Apartment (3 bedrooms) in City Centre 1,318.00 € 1,212.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 932.22 € 850.00-1,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 371.61 € 371.61-743.22
Price per Square Feet to Buy Apartment Outside of Centre 276.85 € 276.85-631.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,027.29 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.97 3.90-4.00

These data are based on 104 entries from 18 contributors over the past 18 months.
Last update: May 2025

Sources and References
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