Property Prices in Narvik, Norway

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Index Info
Price to Income Ratio: 6.99
Mortgage as Percentage of Income: 60.05%
Loan Affordability Index: 1.67
Price to Rent Ratio - City Centre: 26.24
Price to Rent Ratio - Outside of Centre: 30.81
Gross Rental Yield (City Centre): 3.81%
Gross Rental Yield (Outside of Centre): 3.25%

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Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 8,833.33 kr 7,000.00-11,000.00
1 Bedroom Apartment Outside of City Centre 6,866.67 kr 5,000.00-9,000.00
3 Bedroom Apartment in City Centre 15,500.00 kr 12,000.00-19,500.00
3 Bedroom Apartment Outside of City Centre 11,666.67 kr 10,000.00-15,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,645.11 kr 1,858.05-7,432.18
Price per Square Feet to Buy Apartment Outside of Centre 4,180.60 kr 1,858.05-6,503.16
Salaries And Financing
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Average Monthly Net Salary (After Tax) 34,000.00 kr
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.00

These data are based on 24 entries from 4 contributors over the past 18 months.
Last update: 12 July 2025

Sources and References
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