Property Prices in Surabaya, Indonesia

Index Info
Price to Income Ratio: 23.21
Mortgage as Percentage of Income: 237.82%
Loan Affordability Index: 0.42
Price to Rent Ratio - City Centre: 30.17
Price to Rent Ratio - Outside of Centre: 34.66
Gross Rental Yield (City Centre): 3.31%
Gross Rental Yield (Outside of Centre): 2.89%
Rent Per Month
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Apartment (1 bedroom) in City Centre 4,831,961.69 Rp 3,000,000.00-6,823,731.81
Apartment (1 bedroom) Outside of Centre 2,626,736.67 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 2,772,182.57 Rp 1,625,789.67-4,180,602.01
Price per Square Feet to Buy Apartment Outside of Centre 1,901,780.50 Rp 1,207,729.47-2,322,556.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,418,591.48 Rp
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.28 6.00-8.50

These data are based on 64 entries in the past 18 months from 12 different contributors.
Last update: February 2025

Sources and References
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