Property Prices in Essen, Germany

Index Info
Price to Income Ratio: 6.24
Mortgage as Percentage of Income: 45.25%
Loan Affordability Index: 2.21
Price to Rent Ratio - City Centre: 26.09
Price to Rent Ratio - Outside of Centre: 28.37
Gross Rental Yield (City Centre): 3.83%
Gross Rental Yield (Outside of Centre): 3.52%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 645.27 € 340.00-900.00
Apartment (1 bedroom) Outside of Centre 518.33 € 340.00-680.00
Apartment (3 bedrooms) in City Centre 1,274.00 € 1,000.00-1,500.00
Apartment (3 bedrooms) Outside of Centre 949.09 € 800.00-1,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 356.13 € 278.71-371.61
Price per Square Feet to Buy Apartment Outside of Centre 300.38 € 276.85-418.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,832.42 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.97 3.90-4.00

These data are based on 123 entries in the past 18 months from 22 different contributors.
Last update: February 2025

Sources and References
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