Property Prices in Zambia 2023

Index
Price to Income Ratio 24.01
Mortgage as Percentage of Income 560.06
Loan Affordability Index 2.82
Price to Rent Ratio – City Centre 22.71
Price to Rent Ratio – Outside of Centre 45.06
Gross Rental Yield (City Centre) 1.05
Gross Rental Yield (Outside of Centre) 4.17
country data (source The World Bank, 2021) 2
GDP Per Capita ($) 0
GDP Growth Rate 6.4
Population Growth Rate 4.93

Rent Per Month in Zambia

Apartment (1 bedroom) in City Centre 260.01$ 156.11$ – 374.37$
Apartment (1 bedroom) Outside of Centre 164.83$ 81.96$ – 249.91$
Apartment (3 bedrooms) in City Centre 910.64$ 613.44$ – 1201$
Apartment (3 bedrooms) Outside of Centre 441.96$ 242$ – 753$

Buy Apartment Price in Zambia

Price per Square Meter to Buy Apartment in City Centre 1997$ 2002$ – 10765.91$
Price per Square Meter to Buy Apartment Outside of Centre 2002$ 2003$ – 39213.94$

Salaries And Financing in Zambia

Average Monthly Net Salary (After Tax) 382.44$ 2$ – 1$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 20.25$ 9.5$ – 32$

These data are based on 2246 entries in the past 17 months from 108 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 Zambia – 2023 Stats & 2024 Forecast

Housing costs are an important factor to consider for quality of life. Property and rental prices in Zambia are generally expensive compared to global standards.
According to statistics from relevant sources, the average price per square meter of a property in a major city center is around 2002$ – 10765$ and 2003$ – 39213$ outside urban areas. Rental prices for a one-bedroom apartment in a city center average 260.01$ per month.

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