Colombia House Prices, Rents & Rental Yields (2026)
How much property costs in Colombia, what it rents for and how that compares with neighbouring markets in Latin America and the Caribbean. City-centre prices per m² rank 8 of 10 in this comparison; gross yields rank 7 of 10.
- Apartment price per m² (city centre)
- $1,241
- 2023
- Apartment price per m² (outside centre)
- $1,132
- 2023
- Gross rental yield (city centre)
- 4.8%
- 2024
- Price-to-income ratio
- 18.7
- 2024
- Rent: 1-bedroom, city centre
- $315/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 14.7%
- 2023
Price and rent trends in Colombia
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,241 | 2023 | -29.4% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,132 | 2023 | -13.8% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 18.7 | 2024 | +6.9% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 4.8% | 2024 | ±0.0 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 20.9 | 2024 | -0.5% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $315/mo | 2023 | -11.4% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $276/mo | 2023 | +3.1% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $560/mo | 2023 | -12.7% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $458/mo | 2023 | -3.3% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 14.7% | 2023 | +2.2 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 18.7 | 4.8% | 20.9 | — | — | — | — | — |
| 2023 | $1,241 | $1,132 | 17.5 | 4.8% | 21 | $315/mo | $276/mo | $560/mo | $458/mo | 14.7% |
| 2022 | $1,759 | $1,313 | 16.9 | 5.0% | 20 | $355/mo | $267/mo | $641/mo | $474/mo | 12.5% |
| 2021 | $1,405 | $1,371 | 18.7 | 5.1% | 19.6 | $332/mo | $272/mo | $584/mo | $454/mo | 10.5% |
| 2020 | $1,492 | $1,110 | 19.7 | 4.5% | 22.1 | $330/mo | $246/mo | $568/mo | $435/mo | 11.3% |
| 2019 | $1,700 | $1,375 | 18.8 | 4.4% | 22.6 | $344/mo | $257/mo | $604/mo | $458/mo | 11.7% |
| 2018 | $1,624 | $1,244 | 18.1 | 4.2% | 23.9 | $360/mo | $273/mo | $623/mo | $490/mo | 12.3% |
| 2017 | $1,682 | $1,308 | 19.4 | 4.3% | 23.5 | $321/mo | $278/mo | $549/mo | $481/mo | 12.8% |
Colombia compared with Latin America and the Caribbean
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Colombia | $1,241 | 4.8% | 18.7 | 14.7% |
| Argentina | $2,312 | 3.0% | 21.1 | 98.0% |
| Bolivia | $1,120 | 5.7% | 12.8 | 7.7% |
| Brazil | $1,778 | 4.5% | 16.5 | 10.8% |
| Chile | $2,813 | 4.3% | 17.5 | 5.3% |
| Costa Rica | $1,659 | 7.0% | 9.4 | — |
| Dominican Republic | $1,450 | 7.4% | 15.5 | 14.2% |
| Ecuador | $1,214 | 6.1% | 11.3 | 10.9% |
| Mexico | $1,852 | 7.7% | 10.7 | 11.4% |
| Panama | $2,519 | 8.7% | 11.1 | 6.3% |
Related
- Properties for sale in Colombia (17)
- Mortgages in Colombia for foreigners
- Colombia market overview
- Tax rates in Colombia
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.