Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 18.61
Mortgage as Percentage of Income: 285.84%
Loan Affordability Index: 0.35
Price to Rent Ratio - City Centre: 16.41
Price to Rent Ratio - Outside of Centre: 17.58
Gross Rental Yield (City Centre): 6.09%
Gross Rental Yield (Outside of Centre): 5.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 443.16 $ 226.90-794.15
Apartment (1 bedroom) Outside of Centre 327.60 $ 210.73-453.80
Apartment (3 bedrooms) in City Centre 804.09 $ 521.87-1,361.39
Apartment (3 bedrooms) Outside of Centre 685.50 $ 453.80-907.59
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 147.92 $ 67.45-231.87
Price per Square Feet to Buy Apartment Outside of Centre 125.25 $ 94.86-168.64
Salaries And Financing
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Average Monthly Net Salary (After Tax) 395.02 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.50 10.00-18.00

These data are based on 217 entries in the past 18 months from 39 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.......!