Property Prices in Arendal, Norway

Index
Price to Income Ratio:	3.88
Mortgage as Percentage of Income:	27.24%
Loan Affordability Index:	3.67
Price to Rent Ratio - City Centre:	14.68
Price to Rent Ratio - Outside of Centre:	12.70
Gross Rental Yield (City Centre):	6.81%
Gross Rental Yield (Outside of Centre):	7.87%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	10,666.67 kr	10,500.00-11,000.00
Apartment (1 bedroom) Outside of Centre	7,666.67 kr	6,000.00-10,000.00
Apartment (3 bedrooms) in City Centre	14,000.00 kr	12,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre	12,000.00 kr	10,000.00-14,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	2,787.07 kr
Price per Square Feet to Buy Apartment Outside of Centre	1,858.05 kr
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	32,225.00 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.60	1.60-5.00

These data are based on 26 entries in the past 18 months from 5 different contributors.
Last update: October 2024

Sources and References

Nearby cities:

Property Prices in Kristiansand	41.73 miles
Property Prices in Porsgrunn	75.21 miles
Property Prices in Larvik	79.90 miles
Property Prices in Sandefjord	89.84 miles
Property Prices in Horten	111.68 miles
Property Prices in Kongsberg	124.61 miles
Property Prices in Drammen	136.25 miles
Property Prices in Oslo	160.57 miles
Property Prices in Drobak	162.34 miles
Property Prices in Ski	168.75 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	67,500.00
GDP Growth Rate:	3.28%
Population Growth Rate:	0.60%