Property Prices in Porsgrunn, Norway

Index
Price to Income Ratio:	4.23
Mortgage as Percentage of Income:	28.51%
Loan Affordability Index:	3.51
Price to Rent Ratio - City Centre:	18.41
Price to Rent Ratio - Outside of Centre:	14.44
Gross Rental Yield (City Centre):	5.43%
Gross Rental Yield (Outside of Centre):	6.93%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	7,900.00 kr
Apartment (1 bedroom) Outside of Centre	7,000.00 kr	5,000.00-9,000.00
Apartment (3 bedrooms) in City Centre	12,500.00 kr	10,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre	10,000.00 kr	8,000.00-12,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	2,787.07 kr	2,787.07-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre	1,858.05 kr	1,858.05-1,858.05
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	29,575.00 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.15	2.50-3.80

These data are based on 16 entries in the past 18 months from 3 different contributors.
Last update: November 2024

Sources and References

Nearby cities:

Property Prices in Larvik	13.55 miles
Property Prices in Siljan	17.29 miles
Property Prices in Sandefjord	23.48 miles
Property Prices in Horten	45.21 miles
Property Prices in Kongsberg	56.81 miles
Property Prices in Drammen	70.31 miles
Property Prices in Arendal	75.74 miles
Property Prices in Asker	81.81 miles
Property Prices in Oslo	94.42 miles
Property Prices in Drobak	95.86 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	67,500.00
GDP Growth Rate:	3.28%
Population Growth Rate:	0.60%