Saudi Arabia · Middle East · Population: 7,600,000
Riyadh is relatively affordable for homebuyers, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $280,000 average home price in Saudi Arabia, buyers should consider the 5.2x price-to-income ratio when planning a purchase.
| Average Home Price | $280,000 |
| Price per sqm | $2,800 |
| Price-to-Income Ratio | 5.2x |
| Mortgage Rate | 6.0% |
| 1-Year Price Change | +5.8% |
| 1-Bedroom Apartment | $800/mo |
| 3-Bedroom Apartment | $1,500/mo |
| Rent-to-Income Ratio | 15% |
| Median Household Income | $54,000/year |
| Years to Buy (at median income) | 5.2 years |
| Local Currency | SAR |
With a price-to-income ratio of 5.2x, Riyadh 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 Riyadh
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