Ecuador · South America · Population: 2,700,000
Guayaquil is relatively affordable for homebuyers, with steady growth in property values. The city has affordable rents compared to global standards. At $75,000 average home price in Ecuador, buyers should consider the 5.5x price-to-income ratio when planning a purchase.
| Average Home Price | $75,000 |
| Price per sqm | $1,000 |
| Price-to-Income Ratio | 5.5x |
| Mortgage Rate | 9.5% |
| 1-Year Price Change | +3.5% |
| 1-Bedroom Apartment | $350/mo |
| 3-Bedroom Apartment | $600/mo |
| Rent-to-Income Ratio | 25% |
| Median Household Income | $14,000/year |
| Years to Buy (at median income) | 5.5 years |
| Local Currency | USD |
With a price-to-income ratio of 5.5x, Guayaquil offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 3.5% in the past year.
Cities worldwide with home prices closest to Guayaquil
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