Property Prices in Salem, India

Index Info
Price to Income Ratio: 12.54
Mortgage as Percentage of Income: 140.00%
Loan Affordability Index: 0.71
Price to Rent Ratio - City Centre: 54.10
Price to Rent Ratio - Outside of Centre: 22.47
Gross Rental Yield (City Centre): 1.85%
Gross Rental Yield (Outside of Centre): 4.45%
Rent Per Month
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Apartment (1 bedroom) in City Centre 8,500.00 ₹ 7,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 5,500.00 ₹ 4,500.00-12,000.00
Apartment (3 bedrooms) in City Centre 23,250.00 ₹ 20,000.00-30,000.00
Apartment (3 bedrooms) Outside of Centre 14,250.00 ₹ 12,000.00-23,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 11,499.90 ₹ 7,999.93-14,999.88
Price per Square Feet to Buy Apartment Outside of Centre 2,999.98 ₹ 2,999.98-2,999.98
Salaries And Financing
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Average Monthly Net Salary (After Tax) 31,120.00 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.47 6.50-15.00

These data are based on 42 entries from 7 contributors over the past 18 months.
Last update: 14 May 2025

Sources and References
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