Property Prices in Essen, Germany

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Index
Price to Income Ratio:	4.47
Mortgage as Percentage of Income:	30.77%
Loan Affordability Index:	3.25
Price to Rent Ratio - City Centre:	16.63
Price to Rent Ratio - Outside of Centre:	34.53
Gross Rental Yield (City Centre):	6.01%
Gross Rental Yield (Outside of Centre):	2.90%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	721.00 €	550.00-900.00
Apartment (1 bedroom) Outside of Centre	582.50 €	500.00-750.00
Apartment (3 bedrooms) in City Centre	1,114.00 €	800.00-1,400.00
Apartment (3 bedrooms) Outside of Centre	1,041.43 €	800.00-1,400.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	227.61 €	204.38-743.22
Price per Square Feet to Buy Apartment Outside of Centre	406.45 €	157.93-631.74
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	3,818.57 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.38	2.30-4.00

These data are based on 108 entries in the past 18 months from 26 different contributors.
Last update: July 2024

Sources and References

Nearby cities:

Property Prices in Bottrop	8.23 miles
Property Prices in Gelsenkirchen	8.32 miles
Property Prices in Muelheim an der Ruhr	8.76 miles
Property Prices in Oberhausen	9.37 miles
Property Prices in Bochum	9.74 miles
Property Prices in Herne	14.86 miles
Property Prices in Duisburg	15.29 miles
Property Prices in Witten	18.73 miles
Property Prices in Recklinghausen	19.41 miles
Property Prices in Moers	21.17 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	54,000.00
GDP Growth Rate:	1.81%
Population Growth Rate:	-0.12%