Zambia · Africa · Population: 3,100,000
Lusaka is relatively affordable for homebuyers, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $55,000 average home price in Zambia, buyers should consider the 6.2x price-to-income ratio when planning a purchase.
| Average Home Price | $55,000 |
| Price per sqm | $700 |
| Price-to-Income Ratio | 6.2x |
| Mortgage Rate | 22.0% |
| 1-Year Price Change | +5.8% |
| 1-Bedroom Apartment | $250/mo |
| 3-Bedroom Apartment | $450/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $9,000/year |
| Years to Buy (at median income) | 6.2 years |
| Local Currency | ZMW |
With a price-to-income ratio of 6.2x, Lusaka offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 5.8% in the past year.
Cities worldwide with home prices closest to Lusaka
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