Property Prices in Butare, Rwanda

Find out actual data about & Safety Index in Butare, Rwanda

Price to Income Ratio 198.45
Mortgage as Percentage of Income 3,660.59%
Loan Affordability Index 0.03
Price to Rent Ratio – City Centre 44.10
Price to Rent Ratio – Outside of Centre 293.99
Gross Rental Yield (City Centre) 2.27%
Gross Rental Yield (Outside of Centre) 0.34%
country data (source The World Bank, 2021)
GDP Per Capita ($) 2,227.00
GDP Growth Rate 6.10%
Population Growth Rate 1.80%

Rent Per Month in Rwanda

Apartment (1 bedroom) in City Centre 497.63$ 297.37$ – 1062.02$
Apartment (1 bedroom) Outside of Centre 338.02$ 212.4$ – 552.25$
Apartment (3 bedrooms) in City Centre 874.99$ 424.81$ – 1274.43$
Apartment (3 bedrooms) Outside of Centre 474.93$ 297.37$ – 764.66$

Buy Apartment Price in Rwanda

Price per Square Meter to Buy Apartment in City Centre 4738.2$ 2302.76$ – 8590.84$
Price per Square Meter to Buy Apartment Outside of Centre 19541.21$ 0$ – 0$

Salaries And Financing in Rwanda

Average Monthly Net Salary (After Tax) 305.86$ 0$ – 0$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.92$ 17$ – 19$

These data are based on 3212 entries in the past 33 months from 10 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 Butare in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Butare. According to statistics, the average price per square meter of property in Butare is around 4738$
in the city center and 338$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 497$ per month.
Property price growth has stabilized in recent years, making housing less affordable. Rental yields range from 2%.
While carrying some premium over national averages, overall housing in Butare remains reasonably priced compared to similar sized cities globally.
This increases disposable income and cost of living for residents.

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