Turkey · Middle East · Population: 5,700,000
Ankara is relatively affordable for homebuyers, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $100,000 average home price in Turkey, buyers should consider the 6.2x price-to-income ratio when planning a purchase.
| Average Home Price | $100,000 |
| Price per sqm | $1,500 |
| Price-to-Income Ratio | 6.2x |
| Mortgage Rate | 42.0% |
| 1-Year Price Change | +28.0% |
| 1-Bedroom Apartment | $350/mo |
| 3-Bedroom Apartment | $600/mo |
| Rent-to-Income Ratio | 22% |
| Median Household Income | $16,000/year |
| Years to Buy (at median income) | 6.2 years |
| Local Currency | TRY |
With a price-to-income ratio of 6.2x, Ankara offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 28.0% in the past year.
Cities worldwide with home prices closest to Ankara
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