Germany · Europe · Population: 1,100,000
Cologne is moderately affordable compared to major global cities, with significant price corrections underway. The city has moderate rental prices. At $320,000 average home price in Germany, buyers should consider the 7.2x price-to-income ratio when planning a purchase.
| Average Home Price | $320,000 |
| Price per sqm | $4,800 |
| Price-to-Income Ratio | 7.2x |
| Mortgage Rate | 3.5% |
| 1-Year Price Change | -3.5% |
| 1-Bedroom Apartment | $1,000/mo |
| 3-Bedroom Apartment | $1,600/mo |
| Rent-to-Income Ratio | 22% |
| Median Household Income | $44,000/year |
| Years to Buy (at median income) | 7.2 years |
| Local Currency | EUR |
With a price-to-income ratio of 7.2x, Cologne offers reasonable opportunities for homebuyers compared to global averages. Home prices have decreased 3.5% in the past year.
Cities worldwide with home prices closest to Cologne
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.
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