Property Prices in Surabaya, Indonesia

Index Info
Price to Income Ratio: 29.87
Mortgage as Percentage of Income: 288.79%
Loan Affordability Index: 0.35
Price to Rent Ratio - City Centre: 21.66
Price to Rent Ratio - Outside of Centre: 20.95
Gross Rental Yield (City Centre): 4.62%
Gross Rental Yield (Outside of Centre): 4.77%
Rent Per Month
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1 Bedroom Apartment in City Centre Rp5,037,983.42 2,500,000.00-10,000,000.00
1 Bedroom Apartment Outside of City Centre Rp2,628,000.00 2,300,000.00-3,500,000.00
3 Bedroom Apartment in City Centre Rp22,225,000.00 13,000,000.00-30,000,000.00
3 Bedroom Apartment Outside of City Centre Rp10,897,500.00 3,590,000.00-20,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre Rp3,656,270.40 3,251,579.34-4,777,441.31
Price per Square Feet to Buy Apartment Outside of Centre Rp1,770,949.46 1,045,150.50-2,675,367.14
Salaries And Financing
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Average Monthly Net Salary (After Tax) Rp4,888,888.89
Annual Mortgage Interest Rate (20-Year Fixed, in %) 7.50 6.00-8.50

These data are based on 52 entries from 13 contributors over the past 18 months.
Last update: 28 May 2026

Sources and References
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