South Africa House Prices, Rents & Rental Yields (2026)
How much property costs in South Africa, what it rents for and how that compares with neighbouring markets in Sub-Saharan Africa. City-centre prices per m² rank 4 of 5 in this comparison; gross yields rank 1 of 4.
- Apartment price per m² (city centre)
- $850
- 2024
- Apartment price per m² (outside centre)
- $690
- 2023
- Gross rental yield (city centre)
- 10.3%
- 2024
- Price-to-income ratio
- 3.3
- 2024
- Rent: 1-bedroom, city centre
- $432/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 11.4%
- 2023
Price and rent trends in South Africa
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 | $850 | 2024 | -6.2% vs 2023 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $690 | 2023 | -26.1% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 3.3 | 2024 | -2.9% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 10.3% | 2024 | +0.4 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 9.7 | 2024 | -4.0% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $432/mo | 2023 | -16.2% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $329/mo | 2023 | -22.0% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $830/mo | 2023 | -18.5% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $663/mo | 2023 | -19.4% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 11.4% | 2023 | +2.3 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 | $850 | — | 3.3 | 10.3% | 9.7 | — | — | — | — | — |
| 2023 | $906 | $690 | 3.4 | 9.9% | 10.1 | $432/mo | $329/mo | $830/mo | $663/mo | 11.4% |
| 2022 | $1,222 | $934 | 3.1 | 10.9% | 9.2 | $515/mo | $422/mo | $1,019/mo | $823/mo | 9.1% |
| 2021 | $1,118 | $840 | 4 | 8.3% | 12 | $519/mo | $446/mo | $1,118/mo | $893/mo | 8.3% |
| 2020 | $1,057 | $719 | 3.9 | 9.9% | 10.1 | $421/mo | $340/mo | $826/mo | $657/mo | 9.4% |
| 2019 | $1,437 | $895 | 4.1 | 9.6% | 10.5 | $524/mo | $435/mo | $1,047/mo | $850/mo | 10.7% |
| 2018 | $1,483 | $910 | 3.5 | 10.2% | 9.8 | $573/mo | $448/mo | $1,201/mo | $919/mo | 10.6% |
| 2017 | $1,467 | $915 | 3.6 | 9.5% | 10.5 | $539/mo | $415/mo | $1,081/mo | $837/mo | 10.6% |
South Africa compared with Sub-Saharan Africa
Related
- Properties for sale in South Africa (27,508)
- Mortgages in South Africa for foreigners
- South Africa market overview
- Tax rates in South Africa
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.