Property Prices in Salem, India

Index Info
Price to Income Ratio: 12.58
Mortgage as Percentage of Income: 149.66%
Loan Affordability Index: 0.67
Price to Rent Ratio - City Centre: 49.83
Price to Rent Ratio - Outside of Centre: 28.58
Gross Rental Yield (City Centre): 2.01%
Gross Rental Yield (Outside of Centre): 3.50%
Rent Per Month
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1 Bedroom Apartment in City Centre 10,075.00 ₹ 7,000.00-20,000.00
1 Bedroom Apartment Outside of City Centre 5,525.00 ₹ 4,500.00-12,000.00
3 Bedroom Apartment in City Centre 23,375.00 ₹ 20,000.00-30,000.00
3 Bedroom Apartment Outside of City Centre 14,200.00 ₹ 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 3,817.53 ₹ 2,999.98-4,226.31
Salaries And Financing
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Average Monthly Net Salary (After Tax) 32,775.47 ₹
Annual Mortgage Interest Rate (20-Year Fixed, in %) 10.40 9.00-13.00

These data are based on 40 entries from 7 contributors over the past 18 months.
Last update: 3 December 2025

Sources and References
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