Israel · Middle East · Population: 460,000
Tel Aviv is a challenging market for first-time buyers, with steady growth in property values. The city has above-average rental costs. At $650,000 average home price in Israel, buyers should consider the 14.5x price-to-income ratio when planning a purchase.
| Average Home Price | $650,000 |
| Price per sqm | $12,500 |
| Price-to-Income Ratio | 14.5x |
| Mortgage Rate | 5.5% |
| 1-Year Price Change | +2.5% |
| 1-Bedroom Apartment | $1,800/mo |
| 3-Bedroom Apartment | $3,000/mo |
| Rent-to-Income Ratio | 42% |
| Median Household Income | $45,000/year |
| Years to Buy (at median income) | 14.5 years |
| Local Currency | ILS |
With a price-to-income ratio of 14.5x, Tel Aviv is one of the most expensive cities for homebuyers. Consider renting or exploring nearby cities for better value. Home prices have increased 2.5% in the past year.
Cities worldwide with home prices closest to Tel Aviv
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