Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 15.48
Mortgage as Percentage of Income: 187.70%
Loan Affordability Index: 0.53
Price to Rent Ratio - City Centre: 18.55
Price to Rent Ratio - Outside of Centre: 22.24
Gross Rental Yield (City Centre): 5.39%
Gross Rental Yield (Outside of Centre): 4.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,000,481.37 Col$ 700,000.00-2,000,000.00
Apartment (1 bedroom) Outside of Centre 1,005,870.24 Col$ 600,000.00-1,637,260.17
Apartment (3 bedrooms) in City Centre 1,690,300.21 Col$ 1,200,000.00-2,976,836.68
Apartment (3 bedrooms) Outside of Centre 1,622,771.12 Col$ 1,100,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 365,784.76 Col$ 278,706.80-510,962.47
Price per Square Feet to Buy Apartment Outside of Centre 432,221.71 Col$ 325,157.93-557,413.60
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,387,611.14 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.68 8.00-12.00

These data are based on 281 entries in the past 18 months from 48 different contributors.
Last update: June 2021

Sources and References
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