Property Prices in Tanzania 2023

Index
Price to Income Ratio 92.34
Mortgage as Percentage of Income 4
Loan Affordability Index 1.94
Price to Rent Ratio – City Centre 63.2
Price to Rent Ratio – Outside of Centre 98.39
Gross Rental Yield (City Centre) 2.53
Gross Rental Yield (Outside of Centre) 3.03
country data (source The World Bank, 2021) 1
GDP Per Capita ($) 0
GDP Growth Rate 4.98
Population Growth Rate 0.81

Rent Per Month in Tanzania

Apartment (1 bedroom) in City Centre 290.61$ 125.43$ – 603.12$
Apartment (1 bedroom) Outside of Centre 205.24$ 82.62$ – 403.75$
Apartment (3 bedrooms) in City Centre 633.42$ 327.48$ – 1035.48$
Apartment (3 bedrooms) Outside of Centre 473.49$ 205.05$ – 859$

Buy Apartment Price in Tanzania

Price per Square Meter to Buy Apartment in City Centre 4538.2$ 1387.59$ – 9387.18$
Price per Square Meter to Buy Apartment Outside of Centre 4933.91$ 922.51$ – 8164.9$

Salaries And Financing in Tanzania

Average Monthly Net Salary (After Tax) 249.39$ 3$ – 2$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.12$ 13$ – 22$

These data are based on 2962 entries in the past 31 months from 84 different contributors.

Last update: August 2023

Our data for each country is based on all entries from all cities in that country.

Property Prices in Tanzania – 2023 Stats & 2024 Forecast

Housing costs are an important factor to consider for quality of life. Property and rental prices in Tanzania are generally affordable compared to global standards.
According to statistics from respective sources, the average price per square meter of a property in a major city center is around 1387$ – 9387$ and 922$ – 8164$ outside urban areas. Rental prices for a one-bedroom apartment in a city center average 290.61$ per month.

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Property Prices Rates & Safety Index in Tanzania