China House Prices, Rents & Rental Yields (2026)
How much property costs in China, what it rents for and how that compares with neighbouring markets in Eastern Asia. City-centre prices per m² rank 3 of 5 in this comparison; gross yields rank 3 of 5.
- Apartment price per m² (city centre)
- $9,067
- 2023
- Apartment price per m² (outside centre)
- $4,828
- 2023
- Gross rental yield (city centre)
- 1.7%
- 2024
- Price-to-income ratio
- 29.6
- 2024
- Rent: 1-bedroom, city centre
- $553/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 4.4%
- 2023
Price and rent trends in China
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $9,067 | 2023 | -21.9% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $4,828 | 2023 | -16.9% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 29.6 | 2024 | -14.5% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 1.7% | 2024 | +0.1 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 59.2 | 2024 | -2.8% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $553/mo | 2023 | -19.4% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $324/mo | 2023 | -19.0% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,314/mo | 2023 | -15.7% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $678/mo | 2023 | -17.2% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 4.4% | 2023 | -0.6 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 29.6 | 1.7% | 59.2 | — | — | — | — | — |
| 2023 | $9,067 | $4,828 | 34.6 | 1.6% | 60.9 | $553/mo | $324/mo | $1,314/mo | $678/mo | 4.4% |
| 2022 | $11,602 | $5,811 | 29 | 1.5% | 66.4 | $686/mo | $400/mo | $1,558/mo | $818/mo | 5.0% |
| 2021 | $11,795 | $5,796 | 29 | 1.5% | 65.7 | $785/mo | $430/mo | $1,819/mo | $944/mo | 5.2% |
| 2020 | $9,510 | $4,960 | 29.1 | 1.7% | 58.3 | $595/mo | $337/mo | $1,298/mo | $699/mo | 5.1% |
| 2019 | $9,650 | $4,648 | 29.1 | 1.8% | 54.5 | $703/mo | $385/mo | $1,485/mo | $803/mo | 5.2% |
| 2018 | $9,356 | $4,876 | 28.2 | 1.8% | 56.8 | $672/mo | $387/mo | $1,552/mo | $831/mo | 5.1% |
| 2017 | $10,014 | $4,800 | 23.3 | 2.2% | 44.8 | $658/mo | $361/mo | $1,554/mo | $746/mo | 5.1% |
China compared with Eastern Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| China | $9,067 | 1.7% | 29.6 | 4.4% |
| Hong Kong | $28,437 | 1.6% | — | 3.8% |
| Japan | $8,216 | 2.4% | 10 | 1.8% |
| Mongolia | $1,483 | 7.2% | 15.7 | 6.5% |
| South Korea | $11,970 | 1.2% | 19.9 | 4.8% |
Related
- Properties for sale in China (16)
- Mortgages in China for foreigners
- China market overview
- Tax rates in China
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.