Estonia House Prices, Rents & Rental Yields (2026)
How much property costs in Estonia, what it rents for and how that compares with neighbouring markets in Northern Europe. City-centre prices per m² rank 9 of 10 in this comparison; gross yields rank 9 of 10.
- Apartment price per m² (city centre)
- $3,787
- 2023
- Apartment price per m² (outside centre)
- $2,651
- 2023
- Gross rental yield (city centre)
- 3.5%
- 2024
- Price-to-income ratio
- 10.2
- 2024
- Rent: 1-bedroom, city centre
- $613/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 4.1%
- 2023
Price and rent trends in Estonia
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 | $3,787 | 2023 | -12.5% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $2,651 | 2023 | -5.3% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 10.2 | 2024 | -13.6% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 3.5% | 2024 | +0.1 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 28.6 | 2024 | -1.7% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $613/mo | 2024 | -8.2% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $485/mo | 2023 | -2.7% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,081/mo | 2023 | -11.9% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $810/mo | 2023 | -1.6% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 4.1% | 2023 | +1.9 pp vs 2022 | Numbeo |
| Home ownership rateShare of owner-occupied dwellings | 80.7% | 2024 | ±0.0 pp vs 2023 | Trading Economics |
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) | Home ownership rate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 10.2 | 3.5% | 28.6 | $613/mo | — | — | — | — | 80.7% |
| 2023 | $3,787 | $2,651 | 11.8 | 3.4% | 29.1 | $668/mo | $485/mo | $1,081/mo | $810/mo | 4.1% | 80.7% |
| 2022 | $4,326 | $2,799 | 9.3 | 3.8% | 26.4 | $679/mo | $499/mo | $1,227/mo | $824/mo | 2.2% | 82.0% |
| 2021 | $3,523 | $2,590 | 9.1 | 3.9% | 25.5 | $652/mo | $487/mo | $1,115/mo | $781/mo | 2.4% | 81.6% |
| 2020 | $2,975 | $2,080 | 9.1 | 4.0% | 24.9 | $552/mo | $399/mo | $941/mo | $689/mo | 2.5% | 81.4% |
| 2019 | $2,851 | $1,963 | 9.3 | 4.2% | 23.9 | $580/mo | $398/mo | $952/mo | $659/mo | 2.5% | 81.7% |
| 2018 | $2,821 | $1,898 | 9.2 | 4.2% | 24.1 | $548/mo | $385/mo | $949/mo | $635/mo | 2.7% | 82.4% |
| 2017 | $2,438 | $1,572 | 10.5 | 4.1% | 24.3 | $498/mo | $352/mo | $782/mo | $549/mo | 2.3% | 81.8% |
Estonia compared with Northern Europe
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Estonia | $3,787 | 3.5% | 10.2 | 4.1% |
| Denmark | $6,030 | 4.3% | 6.8 | 4.2% |
| Finland | $7,404 | 3.1% | 8.3 | 3.5% |
| Iceland | $6,323 | 5.9% | 5.6 | 9.2% |
| Ireland | $5,218 | 7.4% | 7.5 | 4.5% |
| Latvia | $2,561 | 4.0% | 9.4 | 4.3% |
| Lithuania | $4,378 | 3.8% | 11.1 | 4.1% |
| Norway | $7,484 | 3.9% | 7.8 | 4.3% |
| Sweden | $6,547 | 3.7% | 8.1 | 4.4% |
| United Kingdom | $7,593 | 4.3% | 9.9 | 5.5% |
Related
- Properties for sale in Estonia (1,571)
- Mortgages in Estonia for foreigners
- Estonia market overview
- Tax rates in Estonia
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.