Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 19.74
Mortgage as Percentage of Income: 304.15%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 17.73
Price to Rent Ratio - Outside of Centre: 17.93
Gross Rental Yield (City Centre): 5.64%
Gross Rental Yield (Outside of Centre): 5.58%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 461.89 $ 308.95-669.40
Apartment (1 bedroom) Outside of Centre 364.66 $ 257.46-514.92
Apartment (3 bedrooms) in City Centre 832.89 $ 592.16-1,416.04
Apartment (3 bedrooms) Outside of Centre 774.25 $ 489.18-1,158.58
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 166.14 $ 95.68-263.11
Price per Square Feet to Buy Apartment Outside of Centre 143.26 $ 107.63-167.43
Salaries And Financing
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Average Monthly Net Salary (After Tax) 421.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.55 10.00-18.00

These data are based on 213 entries in the past 18 months from 35 different contributors.
Last update: May 2024

Sources and References
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