Property Prices in Surabaya, Indonesia

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Index Info
Price to Income Ratio: 23.83
Mortgage as Percentage of Income: 244.10%
Loan Affordability Index: 0.41
Price to Rent Ratio - City Centre: 32.88
Price to Rent Ratio - Outside of Centre: 35.78
Gross Rental Yield (City Centre): 3.04%
Gross Rental Yield (Outside of Centre): 2.80%
Rent Per Month
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Apartment (1 bedroom) in City Centre 5,083,333.33 Rp 3,000,000.00-7,000,000.00
Apartment (1 bedroom) Outside of Centre 2,645,480.52 Rp 2,000,000.00-3,500,000.00
Apartment (3 bedrooms) in City Centre 7,500,000.00 Rp 4,500,000.00-16,000,000.00
Apartment (3 bedrooms) Outside of Centre 5,050,000.00 Rp 2,800,000.00-10,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,113,399.80 Rp 1,676,936.27-4,454,409.84
Price per Square Feet to Buy Apartment Outside of Centre 1,970,700.25 Rp 1,207,729.47-2,494,469.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,742,366.12 Rp
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.28 6.00-8.50

These data are based on 60 entries from 10 contributors over the past 18 months.
Last update: April 2025

Sources and References
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