Mortgage payments in some Russian regions consume almost an entire salary, making homeownership inaccessible for many. This situation arises from the current key rate, which has driven up mortgage costs.

In only 12 regions of Russia do mortgage payments account for less than one-third of the average income, according to analysts from the “Movement.ru” center and Devision.

The average mortgage loan size in Russia is 5.5 million rubles, about 400,000 rubles more than a year ago. The average monthly payment is 31,700 rubles, but this figure varies significantly by region.

Residents of Kalmykia, the North Caucasus republics, the Ivanovo region, and North Ossetia face the greatest challenges. Mortgage expenses in these areas range from 71% to 94% of their salary.

The most affordable mortgages are found in the northern regions and the Far East. Chukotka leads with an average salary of 185,000 rubles and a mortgage payment of 32,200 rubles, resulting in mortgage expenses accounting for only 17.41% of income.

Yan Gravshin, head of the “Movement.ru” center, attributes this affordability to high salaries and subsidized mortgage programs like the “Arctic Mortgage” (3% interest rate) and the “Far Eastern Mortgage” (2% interest rate).

Economist Maxim Maramygin suggests that determining a comfortable mortgage payment involves assessing an individual’s personal subsistence minimum. The difference between income and this minimum represents the amount available for mortgage payments. He also suggests that now, from the point of view of common sense, it is better to make early payments or a larger down payment