Kenya · Africa · Population: 5,300,000
Nairobi is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $85,000 average home price in Kenya, buyers should consider the 8.5x price-to-income ratio when planning a purchase.
| Average Home Price | $85,000 |
| Price per sqm | $1,500 |
| Price-to-Income Ratio | 8.5x |
| Mortgage Rate | 13.0% |
| 1-Year Price Change | +4.2% |
| 1-Bedroom Apartment | $450/mo |
| 3-Bedroom Apartment | $800/mo |
| Rent-to-Income Ratio | 42% |
| Median Household Income | $10,000/year |
| Years to Buy (at median income) | 8.5 years |
| Local Currency | KES |
With a price-to-income ratio of 8.5x, Nairobi requires significant savings to purchase property. At a mortgage rate of 13.0%, monthly payments could consume a large share of income. Home prices have increased 4.2% in the past year.
Cities worldwide with home prices closest to Nairobi
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