Property Prices in Palmerston North, New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 3.90 |
| Mortgage as Percentage of Income: | 35.57% |
| Loan Affordability Index: | 2.81 |
| Price to Rent Ratio - City Centre: | 11.74 |
| Price to Rent Ratio - Outside of Centre: | 12.86 |
| Gross Rental Yield (City Centre): | 8.51% |
| Gross Rental Yield (Outside of Centre): | 7.78% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | NZ$1,396.75 | |
| 1 Bedroom Apartment Outside of City Centre | NZ$1,125.00 | |
| 3 Bedroom Apartment in City Centre | NZ$2,625.00 | |
| 3 Bedroom Apartment Outside of City Centre | NZ$2,230.00 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | NZ$339.09 | |
| Price per Square Feet to Buy Apartment Outside of Centre | NZ$306.58 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | NZ$4,450.00 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.73 | |
These data are based on 28 entries from 6 contributors over the past 18 months.
Last update: 4 May 2026
Sources and References
Nearby Cities:| Property Prices in Levin | 29.87 miles |
| Property Prices in Whanganui | 45.53 miles |
| Property Prices in Paraparaumu, Wellington | 56.35 miles |
| Property Prices in Masterton | 66.90 miles |
| Property Prices in Porirua | 75.27 miles |
| Property Prices in Lower Hutt | 87.02 miles |
| Property Prices in Wellington | 87.49 miles |
| Property Prices in Upper Hutt | 88.55 miles |
| Property Prices in Hastings | 97.96 miles |
| Property Prices in Napier | 111.53 miles |
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