Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 19.75
Mortgage as Percentage of Income: 304.16%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 17.28
Price to Rent Ratio - Outside of Centre: 17.66
Gross Rental Yield (City Centre): 5.79%
Gross Rental Yield (Outside of Centre): 5.66%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,823,650.38 Col$ 1,200,000.00-3,000,000.00
Apartment (1 bedroom) Outside of Centre 1,440,847.05 Col$ 1,000,000.00-2,300,000.00
Apartment (3 bedrooms) in City Centre 3,357,922.26 Col$ 2,400,000.00-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 3,048,734.76 Col$ 1,900,000.00-4,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 645,340.92 Col$ 371,609.07-1,021,924.93
Price per Square Feet to Buy Apartment Outside of Centre 556,413.11 Col$ 418,060.20-650,315.87
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,637,787.88 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.55 10.00-18.00

These data are based on 217 entries in the past 18 months from 36 different contributors.
Last update: May 2024

Sources and References
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