Dominican Republic · South America · Population: 1,100,000
Santo Domingo is relatively affordable for homebuyers, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $95,000 average home price in Dominican Republic, buyers should consider the 6.8x price-to-income ratio when planning a purchase.
| Average Home Price | $95,000 |
| Price per sqm | $1,200 |
| Price-to-Income Ratio | 6.8x |
| Mortgage Rate | 10.0% |
| 1-Year Price Change | +5.5% |
| 1-Bedroom Apartment | $400/mo |
| 3-Bedroom Apartment | $700/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $14,000/year |
| Years to Buy (at median income) | 6.8 years |
| Local Currency | DOP |
With a price-to-income ratio of 6.8x, Santo Domingo offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 5.5% in the past year.
Cities worldwide with home prices closest to Santo Domingo
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