Property Prices in Arak, Iran

Index Info
Price to Income Ratio: 12.76
Mortgage as Percentage of Income: 240.34%
Loan Affordability Index: 0.42
Price to Rent Ratio - City Centre: 18.03
Price to Rent Ratio - Outside of Centre: 13.19
Gross Rental Yield (City Centre): 5.55%
Gross Rental Yield (Outside of Centre): 7.58%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 308.92 $ 217.84-400.0
Apartment (1 bedroom) Outside of Centre 194.46 $ 108.92-280.0
Apartment (3 bedrooms) in City Centre 481.54 $ 363.07-600.0
Apartment (3 bedrooms) Outside of Centre 308.92 $ 217.84-400.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 106.1 $ 67.46-157.93
Price per Square Feet to Buy Apartment Outside of Centre 49.25 $ 26.98-74.32
Salaries And Financing
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Average Monthly Net Salary (After Tax) 327.5 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.33 17.0-20.0

These data are based on 23 entries in the past 18 months from 5 different contributors.
Last update: January 2024

Sources and References
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