Denmark · Europe · Population: 640,000
Copenhagen is moderately affordable compared to major global cities, with steady growth in property values. The city has above-average rental costs. At $450,000 average home price in Denmark, buyers should consider the 7.8x price-to-income ratio when planning a purchase.
| Average Home Price | $450,000 |
| Price per sqm | $6,800 |
| Price-to-Income Ratio | 7.8x |
| Mortgage Rate | 4.5% |
| 1-Year Price Change | +1.8% |
| 1-Bedroom Apartment | $1,600/mo |
| 3-Bedroom Apartment | $2,500/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $58,000/year |
| Years to Buy (at median income) | 7.8 years |
| Local Currency | DKK |
With a price-to-income ratio of 7.8x, Copenhagen offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 1.8% in the past year.
Cities worldwide with home prices closest to Copenhagen
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