Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 14.46
Mortgage as Percentage of Income: 167.73%
Loan Affordability Index: 0.60
Price to Rent Ratio - City Centre: 18.32
Price to Rent Ratio - Outside of Centre: 21.25
Gross Rental Yield (City Centre): 5.46%
Gross Rental Yield (Outside of Centre): 4.71%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,270,445.04 Col$ 800,000.00-2,000,000.00
Apartment (1 bedroom) Outside of Centre 1,074,834.68 Col$ 750,000.00-1,500,000.00
Apartment (3 bedrooms) in City Centre 2,287,565.22 Col$ 1,500,000.00-4,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,797,500.00 Col$ 1,300,000.00-2,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 471,784.56 Col$ 371,609.07-743,218.13
Price per Square Feet to Buy Apartment Outside of Centre 448,193.83 Col$ 357,673.73-724,637.68
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,712,528.83 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.03 8.00-12.00

These data are based on 191 entries in the past 18 months from 35 different contributors.
Last update: August 2022

Sources and References
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