Czech Republic · Europe · Population: 380,000
Brno 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 Czech Republic, buyers should consider the 8.5x price-to-income ratio when planning a purchase.
| Average Home Price | $200,000 |
| Price per sqm | $3,800 |
| Price-to-Income Ratio | 8.5x |
| Mortgage Rate | 5.8% |
| 1-Year Price Change | +3.5% |
| 1-Bedroom Apartment | $650/mo |
| 3-Bedroom Apartment | $1,100/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $24,000/year |
| Years to Buy (at median income) | 8.5 years |
| Local Currency | CZK |
With a price-to-income ratio of 8.5x, Brno requires significant savings to purchase property. At a mortgage rate of 5.8%, monthly payments could consume a large share of income. Home prices have increased 3.5% in the past year.
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