Medellín real estate market — prices, rental yield and trend
- Average price: $2,017 / m²
- Gross rental yield: 7.25%
- 12-month price change (USD): 35.5%
- Price basis: local-market average
Medellín is one of the faster-moving markets Glopra tracks: the average residential square metre now costs $2,017, +35.5% in dollar terms over the last twelve months. That makes it the 58th most expensive of the 70 markets in the set. In local currency the same twelve months read +7.4%; the 28.1-point gap is the exchange rate, not the housing market.
What a buyer pays in Medellín
The $2,017 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. That is within a few percent of the Colombia national average of $2,017, which is unusual — in most countries the leading city runs well ahead.
What it earns
Long-term letting returns about 7.3% gross on the purchase price, 16th of 69 markets by gross yield. Short-term letting is a different business with different costs, but for reference the short-let yield here works out at about 11.6%, on an average daily rate of $51 and 63% occupancy.
How this figure is built
The price figure for Medellín comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Medellín be compared with a country average or another city.
Sources: GPG yields · globalpropertyguide.com · airbtics.com · thelatinvestor.com. Snapshot: 2026-07-23.
Related markets: Colombia