Saudi Arabia · Middle East · Population: 4,700,000
Jeddah is relatively affordable for homebuyers, with steady growth in property values. The city has affordable rents compared to global standards. At $220,000 average home price in Saudi Arabia, buyers should consider the 4.2x price-to-income ratio when planning a purchase.
| Average Home Price | $220,000 |
| Price per sqm | $2,200 |
| Price-to-Income Ratio | 4.2x |
| Mortgage Rate | 6.0% |
| 1-Year Price Change | +4.8% |
| 1-Bedroom Apartment | $650/mo |
| 3-Bedroom Apartment | $1,200/mo |
| Rent-to-Income Ratio | 12% |
| Median Household Income | $52,000/year |
| Years to Buy (at median income) | 4.2 years |
| Local Currency | SAR |
With a price-to-income ratio of 4.2x, Jeddah offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 4.8% in the past year.
Cities worldwide with home prices closest to Jeddah
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