Ghana · Africa · Population: 4,000,000
Accra is moderately affordable compared to major global cities, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $95,000 average home price in Ghana, buyers should consider the 8.5x price-to-income ratio when planning a purchase.
| Average Home Price | $95,000 |
| Price per sqm | $1,200 |
| Price-to-Income Ratio | 8.5x |
| Mortgage Rate | 28.0% |
| 1-Year Price Change | +5.5% |
| 1-Bedroom Apartment | $450/mo |
| 3-Bedroom Apartment | $800/mo |
| Rent-to-Income Ratio | 38% |
| Median Household Income | $11,000/year |
| Years to Buy (at median income) | 8.5 years |
| Local Currency | GHS |
With a price-to-income ratio of 8.5x, Accra requires significant savings to purchase property. At a mortgage rate of 28.0%, monthly payments could consume a large share of income. Home prices have increased 5.5% in the past year.
Cities worldwide with home prices closest to Accra
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