Norway · Europe · Population: 700,000
Oslo is moderately affordable compared to major global cities, with steady growth in property values. The city has above-average rental costs. At $520,000 average home price in Norway, buyers should consider the 7.8x price-to-income ratio when planning a purchase.
| Average Home Price | $520,000 |
| Price per sqm | $8,500 |
| Price-to-Income Ratio | 7.8x |
| Mortgage Rate | 4.5% |
| 1-Year Price Change | +1.2% |
| 1-Bedroom Apartment | $1,800/mo |
| 3-Bedroom Apartment | $2,800/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $67,000/year |
| Years to Buy (at median income) | 7.8 years |
| Local Currency | NOK |
With a price-to-income ratio of 7.8x, Oslo offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 1.2% in the past year.
Cities worldwide with home prices closest to Oslo
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
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