Property Prices in Arak, Iran

Index
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	Edit	Range
Apartment (1 bedroom) in City Centre	308.92 $	217.84-400.00
Apartment (1 bedroom) Outside of Centre	194.46 $	108.92-280.00
Apartment (3 bedrooms) in City Centre	481.54 $	363.07-600.00
Apartment (3 bedrooms) Outside of Centre	308.92 $	217.84-400.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	106.10 $	67.46-157.93
Price per Square Feet to Buy Apartment Outside of Centre	49.25 $	26.98-74.32
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	327.50 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	18.33	17.00-20.00

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

Sources and References

Nearby cities:

Property Prices in Malayer	65.00 miles
Property Prices in Borujerd	70.32 miles
Property Prices in Qom	84.48 miles
Property Prices in Kashan	155.37 miles
Property Prices in Eslamshahr	161.74 miles
Property Prices in Najafabad	173.69 miles
Property Prices in Karaj	176.20 miles
Property Prices in Tehran	177.90 miles
Property Prices in Kermanshah	184.38 miles
Property Prices in Varamin	185.09 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	15,500.00
GDP Growth Rate:	3.78%
Population Growth Rate:	0.93%