Property Prices in Urmia, Iran

Index Info
Price to Income Ratio: 15.40
Mortgage as Percentage of Income: 328.44%
Loan Affordability Index: 0.30
Price to Rent Ratio - City Centre: 18.17
Price to Rent Ratio - Outside of Centre: 20.75
Gross Rental Yield (City Centre): 5.50%
Gross Rental Yield (Outside of Centre): 4.82%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 173.33 $ 120.00-200.00
Apartment (1 bedroom) Outside of Centre 130.00 $ 90.00-180.00
Apartment (3 bedrooms) in City Centre 325.00 $ 300.00-350.00
Apartment (3 bedrooms) Outside of Centre 238.33 $ 180.00-320.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 65.03 $ 55.74-74.32
Price per Square Feet to Buy Apartment Outside of Centre 55.12 $ 44.59-69.68
Salaries And Financing
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Average Monthly Net Salary (After Tax) 210.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 21.00 20.00-22.00

These data are based on 23 entries in the past 18 months from 3 different contributors.
Last update: August 2024

Sources and References
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1 Comments so far
Avram Arwakhi on Dec 12, 2020:
What is the cost of a recently renovated single family home cost close to Saint Marys Church in Urmia, Iran.