Vietnam · Asia · Population: 8,000,000
Hanoi 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 Vietnam, buyers should consider the 9.2x price-to-income ratio when planning a purchase.
| Average Home Price | $100,000 |
| Price per sqm | $1,800 |
| Price-to-Income Ratio | 9.2x |
| Mortgage Rate | 9.5% |
| 1-Year Price Change | +4.5% |
| 1-Bedroom Apartment | $400/mo |
| 3-Bedroom Apartment | $700/mo |
| Rent-to-Income Ratio | 35% |
| Median Household Income | $11,000/year |
| Years to Buy (at median income) | 9.2 years |
| Local Currency | VND |
With a price-to-income ratio of 9.2x, Hanoi requires significant savings to purchase property. At a mortgage rate of 9.5%, monthly payments could consume a large share of income. Home prices have increased 4.5% in the past year.
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