Financing an apartment in Salvador: simulate and compare with renting
28.3% of households in Salvador are apartments, and 17.4% of those are still being paid off (2022 Census). Simulate the payment with Brazil’s central bank rates and compare it with renting.
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Salvador at a glance
In the 2022 Census, Salvador had 2,417,678 inhabitants and 958,731 occupied permanent private households, 271,159 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.
Salvador 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 | Salvador | Brazil | Rank |
|---|---|---|---|
| Households that are apartments | 28.3% | 14.7% | 30th |
| Rented apartments | 28.4% | 36.8% | 117th |
| Apartments still being paid off | 17.4% | 20.5% | 92nd |
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 | 958,731 | 271,159 |
| Rented | 205,523 (21.4%) | 76,897 (28.4%) |
| Still being paid off | 58,865 (6.1%) | 47,142 (17.4%) |
| Residents | 2,408,090 | — |
Income and vacant households in Salvador
| Indicator | Salvador | Brazil |
|---|---|---|
| Median income per person, per month | R$ 888 | R$ 1,000 |
| Average income per person, per month | R$ 1,770 | R$ 1,638 |
| Vacant households | 16.4% | 12.6% |
| Occasional-use households | 4.4% | 7.4% |
Median income per person in Salvador is the 87th highest among the 159 cities we track: R$ 888 per month, 11% below Brazil’s median (values from 2022); it does not measure what a family can afford to finance. Vacant households make up 16.4% in Salvador (Brazil: 12.6%), and occasional-use homes 4.4% (Brazil: 7.4%).
Salvador compared with cities in Bahia
| City | Apts. | Rented | Paying off | Diff. (p.p.) |
|---|---|---|---|---|
| Salvador | 28.3% | 28.4% | 17.4% | — |
| Feira de Santana | 9.5% | 30.5% | 37.6% | −18.8 |
| Vitória da Conquista | 14.8% | 41.2% | 31.3% | −13.5 |
| Camaçari | 12.2% | 29.5% | 44.8% | −16.1 |
| Juazeiro | 11.7% | 43.5% | 21.1% | −16.6 |
Apts. = % of households that are apartments; Rented and Paying = % of apartments; — = small sample; Diff. = percentage points of apartments relative to Salvador.
Salvador is 13.5 percentage points above the national average in the share of households that are apartments, 8.4 percentage points below in rented apartments and 3.1 percentage points below in apartments still being paid off. Counting all household types, 20.3% of residents live in rented property and 6.4% in property still being paid off.
See also
Frequently asked questions about apartments in Salvador
How many households are apartments in Salvador?
271,159 of 958,731 (28.3%), versus 14.7% in Brazil: 30th place among the 133 cities we track.
How many apartments in Salvador are rented?
76,897 (28.4%), versus 36.8% nationwide: 117th place.
How many apartments in Salvador are still being paid off?
47,142 (17.4%), versus 20.5% in Brazil: 92nd place. It is a reference for how common installment buying is, not a forecast of credit approval.