Italy · Europe · Population: 2,800,000
Rome is moderately affordable compared to major global cities, with steady growth in property values. The city has moderate rental prices. At $380,000 average home price in Italy, buyers should consider the 9.8x price-to-income ratio when planning a purchase.
| Average Home Price | $380,000 |
| Price per sqm | $5,500 |
| Price-to-Income Ratio | 9.8x |
| Mortgage Rate | 3.8% |
| 1-Year Price Change | +1.5% |
| 1-Bedroom Apartment | $1,000/mo |
| 3-Bedroom Apartment | $1,800/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $39,000/year |
| Years to Buy (at median income) | 9.8 years |
| Local Currency | EUR |
With a price-to-income ratio of 9.8x, Rome requires significant savings to purchase property. At a mortgage rate of 3.8%, monthly payments could consume a large share of income. Home prices have increased 1.5% in the past year.
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