Colombie produces moderate to good rental yields

December 09, 2022

Last Updated: Sept. 22, 2022
BOGOTÁ - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Usaquen
1-Bedroom $87,051 $389 5.37%
2-Bedroom $108,814 $562 6.20%
3-Bedroom $159,018 $1,012 7.64%
4+Bedroom $365,812 $2,258 7.41%
Chapinero
1-Bedroom $71,970 $335 5.59%
2-Bedroom $104,132 $562 6.48%
3-Bedroom $182,175 $1,237 8.15%
4+Bedroom $228,906 $1,468 7.69%
Teusquillo
1-Bedroom $59,951 $289 5.78%
2-Bedroom $90,638 $360 4.76%
3-Bedroom $121,450 $607 6.00%
Bogotá avg. Rental Yields 6.46%
MEDELLÍN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Southeast
1-Bedroom $98,351 $671 8.18%
2-Bedroom $129,645 $715 6.62%
3-Bedroom $158,704 $849 6.42%
4+Bedroom $207,745 $1,287 7.43%
Northeast
1-Bedroom $40,235 $212 6.33%
2-Bedroom $46,940 $358 9.14%
3-Bedroom $77,117 $632 9.84%
4+Bedroom $79,033 $677 10.29%
Southwest
1-Bedroom $44,705 $313 8.40%
2-Bedroom $61,023 $380 7.47%
3-Bedroom $78,234 $447 6.86%
4+Bedroom $105,001 $903 10.32%
Northwest
1-Bedroom $43,588 $313 8.62%
2-Bedroom $62,587 $391 7.50%
3-Bedroom $100,475 $559 6.67%
4+Bedroom $126,453 $836 7.93%
Medellín avg. Rental Yields 8.00%
CALI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Downtown
1-Bedroom $39,117 $168 5.14%
2-Bedroom $51,411 $212 4.96%
3-Bedroom $67,058 $291 5.20%
4+Bedroom $88,066 $632 8.62%
West
1-Bedroom $81,364 $335 4.95%
2-Bedroom $98,351 $436 5.32%
3-Bedroom $167,099 $861 6.18%
4+Bedroom $219,035 $1,016 5.57%
South
1-Bedroom $52,529 $170 3.88%
2-Bedroom $54,764 $224 4.90%
3-Bedroom $65,493 $313 5.73%
4+Bedroom $105,001 $610 6.97%
North
1-Bedroom $53,199 $268 6.05%
2-Bedroom $55,882 $279 6.00%
3-Bedroom $78,234 $302 4.63%
4+Bedroom $108,389 $565 6.25%
Cali avg. Rental Yields 5.65%
CALI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Downtown
1-Bedroom $39,117 $168 5.14%
2-Bedroom $51,411 $212 4.96%
3-Bedroom $67,058 $291 5.20%
4+Bedroom $88,066 $632 8.62%
West
1-Bedroom $81,364 $335 4.95%
2-Bedroom $98,351 $436 5.32%
3-Bedroom $167,099 $861 6.18%
4+Bedroom $219,035 $1,016 5.57%
South
1-Bedroom $52,529 $170 3.88%
2-Bedroom $54,764 $224 4.90%
3-Bedroom $65,493 $313 5.73%
4+Bedroom $105,001 $610 6.97%
North
1-Bedroom $53,199 $268 6.05%
2-Bedroom $55,882 $279 6.00%
3-Bedroom $78,234 $302 4.63%
4+Bedroom $108,389 $565 6.25%
Cali avg. Rental Yields 5.65%
BARRANQUILLA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Barranquilla (all locations)
1-Bedroom $51,411 $302 7.04%
2-Bedroom $60,352 $312 6.20%
3-Bedroom $88,293 $358 4.86%
4+Bedroom $147,905 $745 6.05%
Barranquilla (all locations) avg. Rental Yields 6.04%
CARTAGENA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Cartagena (all locations)
1-Bedroom $87,175 $525 7.23%
2-Bedroom $118,469 $530 5.37%
3-Bedroom $129,645 $533 4.93%
4+Bedroom $268,713 $858 3.83%
Cartagena (all locations) avg. Rental Yields 5.34%
PEREIRA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Pereira (all locations)
1-Bedroom $40,235 $291 8.67%
2-Bedroom $51,411 $335 7.83%
3-Bedroom $62,587 $380 7.29%
4+Bedroom $101,614 $565 6.67%
Pereira (all locations) avg. Rental Yields 7.61%
BELLO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Bello (all locations)
1-Bedroom $35,764 $201 6.75%
2-Bedroom $42,828 $279 7.83%
3-Bedroom $51,411 $291 6.78%
Bello (all locations) avg. Rental Yields 7.12%
SANTA MARTA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Santa Marta (all locations)
1-Bedroom $69,070 $313 5.44%
2-Bedroom $98,128 $436 5.33%
3-Bedroom $102,822 $447 5.22%
3-Bedroom $146,776 $497 4.06%
Santa Marta (all locations) avg. Rental Yields 5.01%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Gross rental yields in Bogota, Colombia - the return earned on the purchase price of a rental property, before taxation, vacancy costs, and other costs - are quite attractive. Gross rental yields are an important consideration even for those who do not intend to become landlords because a high rental yield indicates that the property market is reasonably priced.

Across the Bogota districts that we cover, gross rental yields range from 4.76% to 8.15%. Given that the cost of managing a property can typically be estimated to be around 2% of the yield, this still means that property in Bogota is reasonably valued, and will yield a reasonable to good return to the investor.

Rental yields for other cities in Colombia are similar to Bogota. Medellín produces rental yields of 6.33% to 10.32%, in Cali you can expect yields of 3.88% to 8.62%, Santa Marta can earn between 4.06% to 5.44%, in Barranquilla you can expect yields of 4.86% to 7.04%, Cartagena yields fall between 3.83% and 7.23%, Pereira produces strong yields of 6.67% to 8.67%, and in Bello the yields are between 6.75% and 7.83%.

Smaller properties tend to have higher rental yields than bigger properties.

Round trip transaction costs are not high in Colombia (i.e., the total costs of buying and selling a property).  See our Colombia residential transaction costs analysis
and Residential transaction costs in Colombia compared to the continent