Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 18.28
Mortgage as Percentage of Income: 287.89%
Loan Affordability Index: 0.35
Price to Rent Ratio - City Centre: 15.67
Price to Rent Ratio - Outside of Centre: 17.72
Gross Rental Yield (City Centre): 6.38%
Gross Rental Yield (Outside of Centre): 5.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,963,645.26 Col$ 1,000,000.00-3,500,000.00
Apartment (1 bedroom) Outside of Centre 1,465,207.30 Col$ 900,000.00-2,026,065.56
Apartment (3 bedrooms) in City Centre 3,530,599.51 Col$ 2,300,000.00-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 3,021,272.24 Col$ 1,900,000.00-4,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 623,401.43 Col$ 297,287.25-1,021,924.93
Price per Square Feet to Buy Apartment Outside of Centre 560,758.08 Col$ 418,060.20-743,218.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,742,873.62 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.94 11.00-18.00

These data are based on 210 entries in the past 18 months from 38 different contributors.
Last update: November 2024

Sources and References
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1 Comments so far
Imtiaz Husain on Jul 04, 2024:
Excellent application. From the comfort and convenience of one's bedroom one can have a very complete and comprehensive information of. The country and city one is interested in. Hats off to your efforts and keep it up.......!