Property Prices in Kristiansand, Norway

Index Info
Price to Income Ratio: 6.55
Mortgage as Percentage of Income: 49.25%
Loan Affordability Index: 2.03
Price to Rent Ratio - City Centre: 24.44
Price to Rent Ratio - Outside of Centre: 19.38
Gross Rental Yield (City Centre): 4.09%
Gross Rental Yield (Outside of Centre): 5.16%
Rent Per Month
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Apartment (1 bedroom) in City Centre 10,000.00 kr 8,000.00-12,000.00
Apartment (1 bedroom) Outside of Centre 8,750.00 kr 7,000.00-12,000.00
Apartment (3 bedrooms) in City Centre 16,750.00 kr 15,000.00-19,000.00
Apartment (3 bedrooms) Outside of Centre 14,250.00 kr 12,000.00-17,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,799.95 kr 4,180.60-5,109.62
Price per Square Feet to Buy Apartment Outside of Centre 3,289.20 kr 1,970.92-4,180.60
Salaries And Financing
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Average Monthly Net Salary (After Tax) 33,217.34 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.38 3.80-5.75

These data are based on 42 entries in the past 18 months from 9 different contributors.
Last update: January 2025

Sources and References
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