Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 19.71
Mortgage as Percentage of Income: 298.01%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 17.84
Price to Rent Ratio - Outside of Centre: 18.95
Gross Rental Yield (City Centre): 5.61%
Gross Rental Yield (Outside of Centre): 5.28%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,797,206.03 Col$ 1,200,000.00-2,600,000.00
Apartment (1 bedroom) Outside of Centre 1,387,960.24 Col$ 900,000.00-2,000,000.00
Apartment (3 bedrooms) in City Centre 3,282,991.02 Col$ 2,300,000.00-5,500,000.00
Apartment (3 bedrooms) Outside of Centre 2,950,356.97 Col$ 1,800,000.00-4,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 654,087.25 Col$ 371,609.07-1,021,924.93
Price per Square Feet to Buy Apartment Outside of Centre 576,422.83 Col$ 418,060.20-724,637.68
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,680,133.00 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.23 9.50-18.00

These data are based on 218 entries in the past 18 months from 37 different contributors.
Last update: April 2024

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