Property Prices in Palmerston North, New Zealand
| Index |  |
|---|---|
| Price to Income Ratio: | 5.12 |
| Mortgage as Percentage of Income: | 46.69% |
| Loan Affordability Index: | 2.14 |
| Price to Rent Ratio - City Centre: | 15.15 |
| Price to Rent Ratio - Outside of Centre: | 16.08 |
| Gross Rental Yield (City Centre): | 6.60% |
| Gross Rental Yield (Outside of Centre): | 6.22% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,400.00 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 1,150.00 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 2,566.67 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,286.67 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 433.54 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 392.51 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,337.50 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.73 |
These data are based on 39 entries from 8 contributors over the past 18 months.
Last update: March 2025
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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