Financing an apartment in São Gonçalo: simulate and compare with renting
11.7% of households in São Gonçalo are apartments, and 29.2% 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…
São Gonçalo at a glance
In the 2022 Census, São Gonçalo had 896,744 inhabitants and 357,897 occupied permanent private households, 42,043 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.
São Gonçalo 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 | São Gonçalo | Brazil | Rank |
|---|---|---|---|
| Households that are apartments | 11.7% | 14.7% | 85th |
| Rented apartments | 29.7% | 36.8% | 110th |
| Apartments still being paid off | 29.2% | 20.5% | 41st |
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 | 357,897 | 42,043 |
| Rented | 75,355 (21.1%) | 12,501 (29.7%) |
| Still being paid off | 25,339 (7.1%) | 12,273 (29.2%) |
| Residents | 895,301 | — |
Income and vacant households in São Gonçalo
| Indicator | São Gonçalo | Brazil |
|---|---|---|
| Median income per person, per month | R$ 909 | R$ 1,000 |
| Average income per person, per month | R$ 1,210 | R$ 1,638 |
| Vacant households | 12.1% | 12.6% |
| Occasional-use households | 1.3% | 7.4% |
Median income per person in São Gonçalo is the 81st highest among the 159 cities we track: R$ 909 per month, 9% below Brazil’s median (values from 2022); it does not measure what a family can afford to finance. Vacant households make up 12.1% in São Gonçalo (Brazil: 12.6%), and occasional-use homes 1.3% (Brazil: 7.4%).
São Gonçalo compared with cities in Rio de Janeiro
| City | Apts. | Rented | Paying off | Diff. (p.p.) |
|---|---|---|---|---|
| Rio de Janeiro | 39.6% | 34.3% | 11.6% | +27.9 |
| São Gonçalo | 11.7% | 29.7% | 29.2% | — |
| Duque de Caxias | 6.2% | 35.7% | 18.4% | −5.6 |
| Nova Iguaçu | 9.4% | 28.2% | 27.7% | −2.4 |
| Campos dos Goytacazes | 13.5% | 35.9% | 19.1% | +1.7 |
| Belford Roxo | 7.2% | 30.8% | 36.4% | −4.5 |
Apts. = % of households that are apartments; Rented and Paying = % of apartments; — = small sample; Diff. = percentage points of apartments relative to São Gonçalo.
São Gonçalo is 3.0 percentage points below the national average in the share of households that are apartments, 7.0 percentage points below for rented apartments and 8.7 percentage points above for apartments still being paid off. Counting all household types, 20.4% of residents live in rented property and 7.8% in property still being paid off.
See also
Frequently asked questions about apartments in São Gonçalo
How many households are apartments in São Gonçalo?
42,043 of 357,897 (11.7%), versus 14.7% in Brazil: 85th place among the 133 cities we track.
How many apartments in São Gonçalo are rented?
12,501 (29.7%), versus 36.8% nationwide: 110th place.
How many apartments in São Gonçalo are still being paid off?
12,273 (29.2%), versus 20.5% in Brazil: 41st place. It is a reference for how common installment buying is, not a forecast of credit approval.