Property Prices in Port Elizabeth, South Africa

Index Info
Price to Income Ratio: 2.01
Mortgage as Percentage of Income: 26.41%
Loan Affordability Index: 3.79
Price to Rent Ratio - City Centre: 6.52
Price to Rent Ratio - Outside of Centre: 5.97
Gross Rental Yield (City Centre): 15.34%
Gross Rental Yield (Outside of Centre): 16.75%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre R10,020.00 7,000.00-12,000.00
1 Bedroom Apartment Outside of City Centre R7,000.00 4,500.00-9,000.00
3 Bedroom Apartment in City Centre R13,450.00 9,000.00-22,000.00
3 Bedroom Apartment Outside of City Centre R11,455.00 8,160.00-17,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre R1,172.56 882.57-1,678.95
Price per Square Feet to Buy Apartment Outside of Centre R812.26 739.13-1,185.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) R26,617.07
Annual Mortgage Interest Rate (20-Year Fixed, in %) 11.94 11.00-13.00

These data are based on 50 entries from 9 contributors over the past 18 months.
Last update: 13 June 2026

Sources and References
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1 Comments so far
Nathan Ratcliff on Mar 21, 2024:
Hi,
Can you please email me cost of living figures for 2003, for food, rent, elec, water, municipal rates and internet, for a single person living in the (white - middle class) outer suburbs of Port Elizabeth, S.Africa?
Thank you, regards, Nathan.