Ethiopia · Africa · Population: 5,500,000
Addis Ababa 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 $65,000 average home price in Ethiopia, buyers should consider the 7.2x price-to-income ratio when planning a purchase.
| Average Home Price | $65,000 |
| Price per sqm | $800 |
| Price-to-Income Ratio | 7.2x |
| Mortgage Rate | 14.0% |
| 1-Year Price Change | +8.5% |
| 1-Bedroom Apartment | $300/mo |
| 3-Bedroom Apartment | $550/mo |
| Rent-to-Income Ratio | 32% |
| Median Household Income | $9,000/year |
| Years to Buy (at median income) | 7.2 years |
| Local Currency | ETB |
With a price-to-income ratio of 7.2x, Addis Ababa offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 8.5% in the past year.
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