Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 17.68
Mortgage as Percentage of Income: 290.13%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 15.83
Price to Rent Ratio - Outside of Centre: 16.83
Gross Rental Yield (City Centre): 6.32%
Gross Rental Yield (Outside of Centre): 5.94%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,906,498.87 Col$ 1,100,000.00-3,000,000.00
Apartment (1 bedroom) Outside of Centre 1,487,369.18 Col$ 900,000.00-2,300,000.00
Apartment (3 bedrooms) in City Centre 3,414,619.43 Col$ 2,300,000.00-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 3,001,900.26 Col$ 1,900,000.00-4,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 610,416.30 Col$ 359,531.77-1,021,924.93
Price per Square Feet to Buy Apartment Outside of Centre 535,117.06 Col$ 371,609.07-650,315.87
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,744,042.03 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.69 11.00-18.00

These data are based on 221 entries in the past 18 months from 42 different contributors.
Last update: July 2024

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1 Comments so far
Imtiaz Husain on Jul 04, 2024:
Excellent application. From the comfort and convenience of one's bedroom one can have a very complete and comprehensive information of. The country and city one is interested in. Hats off to your efforts and keep it up.......!