Indonesia · Asia · Population: 11,000,000
Jakarta is a challenging market for first-time buyers, with steady growth in property values. The city has affordable rents compared to global standards. At $120,000 average home price in Indonesia, buyers should consider the 10.5x price-to-income ratio when planning a purchase.
| Average Home Price | $120,000 |
| Price per sqm | $2,200 |
| Price-to-Income Ratio | 10.5x |
| Mortgage Rate | 9.5% |
| 1-Year Price Change | +3.2% |
| 1-Bedroom Apartment | $450/mo |
| 3-Bedroom Apartment | $800/mo |
| Rent-to-Income Ratio | 38% |
| Median Household Income | $11,000/year |
| Years to Buy (at median income) | 10.5 years |
| Local Currency | IDR |
With a price-to-income ratio of 10.5x, Jakarta requires significant savings to purchase property. At a mortgage rate of 9.5%, monthly payments could consume a large share of income. Home prices have increased 3.2% in the past year.
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