Property Prices in Madurai, India

Index
Price to Income Ratio:	6.57
Mortgage as Percentage of Income:	65.11%
Loan Affordability Index:	1.54
Price to Rent Ratio - City Centre:	53.84
Price to Rent Ratio - Outside of Centre:	19.68
Gross Rental Yield (City Centre):	1.86%
Gross Rental Yield (Outside of Centre):	5.08%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	6,313.97 ₹	5,000.00-7,000.00
Apartment (1 bedroom) Outside of Centre	4,114.94 ₹	3,000.00-8,943.01
Apartment (3 bedrooms) in City Centre	15,964.08 ₹	10,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre	11,649.06 ₹	7,000.00-15,924.16
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	8,145.65 ₹	6,221.89-10,069.40
Price per Square Feet to Buy Apartment Outside of Centre	2,064.53 ₹
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	41,833.33 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	7.83	6.50-8.50

These data are based on 34 entries in the past 18 months from 7 different contributors.
Last update: September 2023

Sources and References

Nearby cities:

Property Prices in Aravakurichi	73.98 miles
Property Prices in Tirupur (Tiruppur)	107.18 miles
Property Prices in Ramanathapuram	127.05 miles
Property Prices in Coimbatore	128.59 miles
Property Prices in Kumbakonam	133.36 miles
Property Prices in Salem	140.80 miles
Property Prices in Thiruvananthapuram	160.49 miles
Property Prices in Karaikal	165.99 miles
Property Prices in Thrissur	168.11 miles
Property Prices in Tiruvannamalai	195.84 miles

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country data (source The World Bank, 2021)
GDP Per Capita ($) :	6,700.00
GDP Growth Rate:	4.86%
Population Growth Rate:	1.04%