Germany · Europe · Population: 1,900,000
Hamburg is moderately affordable compared to major global cities, with a slight cooling in the housing market. The city has moderate rental prices. At $380,000 average home price in Germany, buyers should consider the 8.2x price-to-income ratio when planning a purchase.
| Average Home Price | $380,000 |
| Price per sqm | $6,200 |
| Price-to-Income Ratio | 8.2x |
| Mortgage Rate | 3.5% |
| 1-Year Price Change | -2.8% |
| 1-Bedroom Apartment | $1,100/mo |
| 3-Bedroom Apartment | $1,800/mo |
| Rent-to-Income Ratio | 24% |
| Median Household Income | $46,000/year |
| Years to Buy (at median income) | 8.2 years |
| Local Currency | EUR |
With a price-to-income ratio of 8.2x, Hamburg requires significant savings to purchase property. At a mortgage rate of 3.5%, monthly payments could consume a large share of income. Home prices have decreased 2.8% in the past year.
Cities worldwide with home prices closest to Hamburg
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