Financing an apartment in Belo Horizonte: simulate and compare with renting
38.8% of households in Belo Horizonte are apartments, and 15.6% of those are still being paid off (2022 Census). Simulate the payment with Brazil’s central bank rates and compare it with renting.
Loading Central Bank rates…
Belo Horizonte at a glance
In the 2022 Census, Belo Horizonte had 2,315,560 inhabitants and 889,242 occupied permanent private households, 345,394 of them apartments.
Mortgage simulator
Enter the property and choose the bank. The rate is pre-filled with the average across banks, and you can replace it with the one in your offer.
Results appear as soon as the rates are loaded.
The simulation holds the month's TR (or IPCA) constant and excludes insurance and fees (unless you fill in the optional field). It is not a credit offer or financial advice: the total effective cost (CET) is the figure the bank gives you.
Buy or rent: which builds more wealth?
Buyers pay a down payment, installments and property costs, and end up with an asset that may or may not appreciate. Renters invest the down payment and the monthly difference. Compare the net worth of each over the years.
The result appears as soon as the rates are loaded.
The model ignores the cost of selling the property, capital gains tax and rate changes over the years. The appreciation and yield defaults are assumptions, not forecasts: change them and see how the result responds.
Belo Horizonte in official data
Apartments in the city and in Brazil, 2022 Census. The Rank column is the position among the 133 cities we track (1st = highest share).
| Indicator | Belo Horizonte | Brazil | Rank |
|---|---|---|---|
| Households that are apartments | 38.8% | 14.7% | 10th |
| Rented apartments | 31.6% | 36.8% | 102nd |
| Apartments still being paid off | 15.6% | 20.5% | 99th |
Source: IBGE (Brazil’s statistics agency), 2022 Census, SIDRA 9935 and 4714. No listing prices: enter the property value you have in mind in the simulator. Open the table.
The numbers behind it
| Households | All types | Apartments |
|---|---|---|
| Occupied | 889,242 | 345,394 |
| Rented | 227,201 (25.5%) | 109,256 (31.6%) |
| Still being paid off | 67,550 (7.6%) | 53,778 (15.6%) |
| Residents | 2,306,199 | — |
Income and vacant households in Belo Horizonte
| Indicator | Belo Horizonte | Brazil |
|---|---|---|
| Median income per person, per month | R$ 1,441 | R$ 1,000 |
| Average income per person, per month | R$ 2,749 | R$ 1,638 |
| Vacant households | 10.6% | 12.6% |
| Occasional-use households | 2.6% | 7.4% |
Median income per person in Belo Horizonte is the 27th highest among the 159 cities we track: R$ 1,441 per month, 44% above Brazil’s median (values from 2022); it does not measure what a family can afford to finance. Vacant households make up 10.6% in Belo Horizonte (Brazil: 12.6%), and occasional-use homes 2.6% (Brazil: 7.4%).
Belo Horizonte compared with cities in Minas Gerais
| City | Apts. | Rented | Paying off | Diff. (p.p.) |
|---|---|---|---|---|
| Belo Horizonte | 38.8% | 31.6% | 15.6% | — |
| Uberlândia | 25.3% | 39.3% | 34.0% | −13.5 |
| Contagem | 24.9% | 32.8% | 28.5% | −14.0 |
| Juiz de Fora | 36.4% | 38.4% | 17.0% | −2.4 |
| Montes Claros | 10.6% | 56.0% | 15.5% | −28.3 |
| Betim | 16.4% | 32.0% | 34.3% | −22.4 |
Apts. = % of households that are apartments; Rented and Paying = % of apartments; — = small sample; Diff. = percentage points of apartments relative to Belo Horizonte.
Belo Horizonte is 24.1 percentage points above the national average in the share of households that are apartments, 5.1 percentage points below in rented apartments and 4.9 percentage points below in apartments still being paid off. Counting all household types, 23.3% of residents live in rented property and 7.9% in property still being paid off.
See also
Frequently asked questions about apartments in Belo Horizonte
How many households are apartments in Belo Horizonte?
345,394 of 889,242 (38.8%), versus 14.7% in Brazil: 10th place among the 133 cities we track.
How many apartments in Belo Horizonte are rented?
109,256 (31.6%), versus 36.8% nationwide: 102nd place.
How many apartments in Belo Horizonte are still being paid off?
53,778 (15.6%), versus 20.5% in Brazil: 99th place. It is a reference for how common installment buying is, not a forecast of credit approval.