Property Prices in Sumgayit, Azerbaijan

Index
Price to Income Ratio:	13.61
Mortgage as Percentage of Income:	126.58%
Loan Affordability Index:	0.79
Price to Rent Ratio - City Centre:	16.62
Price to Rent Ratio - Outside of Centre:	15.81
Gross Rental Yield (City Centre):	6.02%
Gross Rental Yield (Outside of Centre):	6.33%

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Rent Per Month	Edit	Range
1 Bedroom Apartment in City Centre	550.00 man	450.00-650.00
1 Bedroom Apartment Outside of City Centre	412.50 man	300.00-550.00
3 Bedroom Apartment in City Centre	1,033.33 man	500.00-2,000.00
3 Bedroom Apartment Outside of City Centre	600.00 man	500.00-700.00

Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	188.90 man	139.35-241.55
Price per Square Feet to Buy Apartment Outside of Centre	120.77 man	92.90-148.64

Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	612.50 man
Annual Mortgage Interest Rate (20-Year Fixed, in %)	7.00

These data are based on 30 entries from 6 contributors over the past 18 months.
Last update: 4 May 2026

Sources and References

Nearby Cities:

Property Prices in Fatmayi	13.04 miles
Property Prices in Baku	20.57 miles
Property Prices in Zabrat	22.33 miles
Property Prices in Nardaran	24.77 miles
Property Prices in Ramana	24.88 miles
Property Prices in Lokbatan	26.76 miles
Property Prices in Bakixanov (Bakikhanov)	27.78 miles
Property Prices in Buzovna	32.89 miles
Property Prices in Puta	41.15 miles
Property Prices in Qobustan	43.47 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	21,300.00
GDP Growth Rate:	1.12%
Population Growth Rate:	0.43%