Brazil · South America · Population: 6,700,000
Rio de Janeiro is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $200,000 average home price in Brazil, buyers should consider the 9.2x price-to-income ratio when planning a purchase.
| Average Home Price | $200,000 |
| Price per sqm | $3,800 |
| Price-to-Income Ratio | 9.2x |
| Mortgage Rate | 11.5% |
| 1-Year Price Change | +2.5% |
| 1-Bedroom Apartment | $550/mo |
| 3-Bedroom Apartment | $1,000/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $22,000/year |
| Years to Buy (at median income) | 9.2 years |
| Local Currency | BRL |
With a price-to-income ratio of 9.2x, Rio de Janeiro requires significant savings to purchase property. At a mortgage rate of 11.5%, monthly payments could consume a large share of income. Home prices have increased 2.5% in the past year.
Cities worldwide with home prices closest to Rio de Janeiro
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