Philippines · Asia · Population: 14,000,000
Manila is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $95,000 average home price in Philippines, buyers should consider the 9.5x price-to-income ratio when planning a purchase.
| Average Home Price | $95,000 |
| Price per sqm | $2,800 |
| Price-to-Income Ratio | 9.5x |
| Mortgage Rate | 7.5% |
| 1-Year Price Change | +3.2% |
| 1-Bedroom Apartment | $450/mo |
| 3-Bedroom Apartment | $800/mo |
| Rent-to-Income Ratio | 42% |
| Median Household Income | $10,000/year |
| Years to Buy (at median income) | 9.5 years |
| Local Currency | PHP |
With a price-to-income ratio of 9.5x, Manila 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 3.2% in the past year.
Cities worldwide with home prices closest to Manila
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
Explore the DataPeek Network