Colombia · South America · Population: 7,400,000
Bogota is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $100,000 average home price in Colombia, buyers should consider the 8.2x price-to-income ratio when planning a purchase.
| Average Home Price | $100,000 |
| Price per sqm | $1,800 |
| Price-to-Income Ratio | 8.2x |
| Mortgage Rate | 12.5% |
| 1-Year Price Change | +2.5% |
| 1-Bedroom Apartment | $450/mo |
| 3-Bedroom Apartment | $800/mo |
| Rent-to-Income Ratio | 35% |
| Median Household Income | $12,000/year |
| Years to Buy (at median income) | 8.2 years |
| Local Currency | COP |
With a price-to-income ratio of 8.2x, Bogota requires significant savings to purchase property. At a mortgage rate of 12.5%, monthly payments could consume a large share of income. Home prices have increased 2.5% in the past year.
Cities worldwide with home prices closest to Bogota
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
Explore the DataPeek Network