Peru · South America · Population: 10,000,000
Lima is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $130,000 average home price in Peru, buyers should consider the 9.8x price-to-income ratio when planning a purchase.
| Average Home Price | $130,000 |
| Price per sqm | $2,200 |
| Price-to-Income Ratio | 9.8x |
| Mortgage Rate | 7.5% |
| 1-Year Price Change | +2.8% |
| 1-Bedroom Apartment | $500/mo |
| 3-Bedroom Apartment | $900/mo |
| Rent-to-Income Ratio | 38% |
| Median Household Income | $13,000/year |
| Years to Buy (at median income) | 9.8 years |
| Local Currency | PEN |
With a price-to-income ratio of 9.8x, Lima requires significant savings to purchase property. At a mortgage rate of 7.5%, monthly payments could consume a large share of income. Home prices have increased 2.8% in the past year.
Cities worldwide with home prices closest to Lima
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