How much property costs in Kenya, what it rents for and how that compares with neighbouring markets in Sub-Saharan Africa. City-centre prices per m² rank 3 of 5 in this comparison; gross yields rank 3 of 4.
Apartment price per m² (city centre)
$966
2023
Gross rental yield (city centre)
7.1%
2024
Price-to-income ratio
12.1
2024
Rent: 1-bedroom, city centre
$436/mo
2024
Mortgage interest rate (20-year fixed)
14.3%
2023
Price and rent trends in Kenya
Apartment price per m²
Monthly rents
Gross rental yield & mortgage rate
Price-to-income & price-to-rent ratios
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
$966
2023
-73.1% vs 2018
Numbeo
Price-to-income ratioMedian apartment price divided by median annual disposable family income
12.1
2024
-24.4% vs 2023
Numbeo
Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments
7.1%
2024
+3.6 pp vs 2023
Numbeo
Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments
14.1
2024
-50.5% vs 2023
Numbeo
Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre
$436/mo
2024
+55.9% vs 2023
Numbeo
Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre
$150/mo
2023
-12.8% vs 2022
Numbeo
Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre
$822/mo
2023
-11.1% vs 2022
Numbeo
Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre
