Property Prices in Salem, India

Index Info
Price to Income Ratio: 6.67
Mortgage as Percentage of Income: 82.45%
Loan Affordability Index: 1.21
Price to Rent Ratio - City Centre: 22.94
Price to Rent Ratio - Outside of Centre: 18.42
Gross Rental Yield (City Centre): 4.36%
Gross Rental Yield (Outside of Centre): 5.43%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 11,166.67 ₹ 7,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 6,333.33 ₹ 4,500.00-8,000.00
Apartment (3 bedrooms) in City Centre 25,000.00 ₹ 15,000.00-40,000.00
Apartment (3 bedrooms) Outside of Centre 16,000.00 ₹ 10,000.00-20,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 5,761.90 ₹ 4,999.96-6,523.84
Price per Square Feet to Buy Apartment Outside of Centre 2,794.54 ₹ 1,999.98-3,589.10
Salaries And Financing
Average Monthly Net Salary (After Tax) 34,533.33 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.97 6.50-15.00

These data are based on 25 entries in the past 18 months from 5 different contributors.
Last update: June 2023

Sources and References
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