Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 17.84
Mortgage as Percentage of Income: 274.08%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 16.58
Price to Rent Ratio - Outside of Centre: 18.10
Gross Rental Yield (City Centre): 6.03%
Gross Rental Yield (Outside of Centre): 5.53%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,952,010.77 Col$ 1,000,000.00-3,500,000.00
Apartment (1 bedroom) Outside of Centre 1,421,324.90 Col$ 900,000.00-2,000,000.00
Apartment (3 bedrooms) in City Centre 3,456,953.65 Col$ 2,300,000.00-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,891,822.86 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 651,382.89 Col$ 297,287.25-1,021,924.93
Price per Square Feet to Buy Apartment Outside of Centre 552,008.38 Col$ 418,060.20-743,218.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,814,799.53 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.50 10.00-18.00

These data are based on 210 entries in the past 18 months from 37 different contributors.
Last update: December 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.......!