Mombasa, Kenya
Property prices · 2024 · Africa
Property price trend in Mombasa (2024–2026)
Property comparison — cities in Kenya (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Mombasa |
|---|---|---|---|---|
| Mombasa | KES 85,000 | KES 55,000 | KES 25,000 | — |
| Nairobi | KES 185,000 | KES 115,000 | KES 55,000 | +117.6% |
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Mombasa in 2024?
In Mombasa, the average price per sqm in the city centre is KES 85,000, and KES 55,000 outside the centre (2024 data). Prices have risen 17.5% since 2024.
How much is rent in Mombasa in 2024?
A 1-bedroom apartment in Mombasa rents for approximately KES 25,000 per month in 2024. A 3-bedroom apartment costs around KES 40,000/month.
Is it better to buy or rent in Mombasa?
Buying and renting are roughly comparable in Mombasa. The price-to-rent ratio is 17.0x — it would take approximately 17.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 13.00%.
What are mortgage rates in Kenya in 2024?
The average mortgage rate in Kenya is approximately 13.00% as of 2024. With a price-to-rent ratio of 17.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Mombasa?
The average property price per square metre in Mombasa city centre is KES 85,000 in 2024. Outside the centre, expect to pay around KES 55,000/sqm.