Property Prices in Yerevan, Armenia

Index Info
Price to Income Ratio: 17.47
Mortgage as Percentage of Income: 265.55%
Loan Affordability Index: 0.38
Price to Rent Ratio - City Centre: 17.74
Price to Rent Ratio - Outside of Centre: 14.14
Gross Rental Yield (City Centre): 5.64%
Gross Rental Yield (Outside of Centre): 7.07%
Rent Per Month
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1 Bedroom Apartment in City Centre ֏306,250.59 230,000.00-450,000.00
1 Bedroom Apartment Outside of City Centre ֏208,633.20 150,000.00-342,361.26
3 Bedroom Apartment in City Centre ֏484,115.72 350,000.00-900,000.00
3 Bedroom Apartment Outside of City Centre ֏310,769.23 280,000.00-368,691.84
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre ֏104,099.98 87,792.64-171,261.54
Price per Square Feet to Buy Apartment Outside of Centre ֏55,137.48 45,429.21-92,902.27
Salaries And Financing
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Average Monthly Net Salary (After Tax) ֏245,349.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 14.32 12.00-18.20

These data are based on 175 entries from 31 contributors over the past 18 months.
Last update: 16 June 2026

Sources and References
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