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Rental yield in Armenia, by neighborhood
Buying an apartment to rent out in Armenia yields about 7.3% gross a year: a square meter rents for COP 32,100 a month and sells for COP 5,260,000 (roughly 14 years of rent to pay the price). Highest yields: Armenia (7.4%), Laureles (7.2%), Avenida Bolivar (7.1%); lowest: Oro Negro (5.8%), Avenida Centenario (6.5%), La Castellana (6.6%).
Rent per m² × 12 ÷ sale price per m², medians of today's listings, unfurnished apartments of 40 to 200 m² on both sides. Not investment advice.
| Neighborhood | Gross yield | Rent / m² / mo | Sale / m² |
|---|---|---|---|
| Armenia | 7.4% | COP 33,300 | COP 5,430,000 |
| Laureles | 7.2% | COP 32,200 | COP 5,370,000 |
| Avenida Bolivar | 7.1% | COP 34,700 | COP 5,820,000 |
| Fundadores | 7.1% | COP 29,700 | COP 5,000,000 |
| Norte De Armenia | 7.0% | COP 33,300 | COP 5,750,000 |
| Castellana | 6.9% | COP 38,600 | COP 6,660,000 |
| Puerto Espejo | 6.9% | COP 22,300 | COP 3,880,000 |
| Avenida 19 Norte | 6.7% | COP 31,700 | COP 5,700,000 |
| La Castellana | 6.6% | COP 36,000 | COP 6,550,000 |
| Avenida Centenario | 6.5% | COP 36,100 | COP 6,630,000 |
| Oro Negro | 5.8% | COP 29,700 | COP 6,170,000 |
FAQ
What is the rental yield in Armenia?
Buying an apartment to rent out in Armenia yields about 7.3% gross a year: a square meter rents for COP 32,100 a month and sells for COP 5,260,000 (roughly 14 years of rent to pay the price). Highest yields: Armenia (7.4%), Laureles (7.2%), Avenida Bolivar (7.1%); lowest: Oro Negro (5.8%), Avenida Centenario (6.5%), La Castellana (6.6%). Gross, with asking prices: before building fees, property tax, vacancy and taxes. Not investment advice.