Israel House Prices, Rents & Rental Yields (2026)
How much property costs in Israel, what it rents for and how that compares with neighbouring markets in Western Asia. City-centre prices per m² rank 1 of 10 in this comparison; gross yields rank 10 of 10.
- Apartment price per m² (city centre)
- $12,224
- 2023
- Apartment price per m² (outside centre)
- $8,776
- 2023
- Gross rental yield (city centre)
- 3.2%
- 2024
- Price-to-income ratio
- 14.2
- 2024
- Rent: 1-bedroom, city centre
- $817/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 5.1%
- 2023
Price and rent trends in Israel
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 | $12,224 | 2023 | +29.7% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $8,776 | 2023 | +18.0% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 14.2 | 2024 | +0.7% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 3.2% | 2024 | +0.4 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 30.9 | 2024 | -12.0% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $817/mo | 2024 | -37.6% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $1,001/mo | 2023 | -3.5% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $2,104/mo | 2023 | -0.2% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $1,655/mo | 2023 | -2.2% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 5.1% | 2023 | +1.4 pp vs 2022 | Numbeo |
| Home ownership rateShare of owner-occupied dwellings | 62.7% | 2024 | ±0.0 pp vs 2021 | 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 | — | — | 14.2 | 3.2% | 30.9 | $817/mo | — | — | — | — | 62.7% |
| 2023 | $12,224 | $8,776 | 14.1 | 2.8% | 35.1 | $1,309/mo | $1,001/mo | $2,104/mo | $1,655/mo | 5.1% | — |
| 2022 | $9,425 | $7,435 | 13.5 | 2.7% | 37.2 | $1,322/mo | $1,037/mo | $2,108/mo | $1,691/mo | 3.6% | — |
| 2021 | $10,847 | $7,928 | 13.7 | 2.7% | 36.4 | $1,283/mo | $1,016/mo | $2,042/mo | $1,611/mo | 3.4% | 62.7% |
| 2020 | $10,251 | $6,888 | 12.8 | 3.2% | 31.2 | $1,178/mo | $887/mo | $1,920/mo | $1,426/mo | 3.6% | — |
| 2019 | $8,020 | $5,885 | 14 | 2.7% | 37.5 | $1,170/mo | $880/mo | $1,826/mo | $1,389/mo | 3.7% | 64.6% |
| 2018 | $8,452 | $6,048 | 13.9 | 2.6% | 38 | $1,095/mo | $836/mo | $1,840/mo | $1,369/mo | 3.7% | 66.5% |
| 2017 | $10,899 | $7,080 | 10.9 | 3.5% | 29 | $1,233/mo | $836/mo | $2,138/mo | $1,475/mo | 3.5% | 66.5% |
Israel compared with Western Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Israel | $12,224 | 3.2% | 14.2 | 5.1% |
| Armenia | $3,156 | 6.3% | 17 | 13.8% |
| Azerbaijan | $1,700 | 5.3% | 14.4 | 9.1% |
| Cyprus | $3,682 | 6.9% | 8.1 | 4.3% |
| Georgia | $1,577 | 8.5% | 13 | 11.8% |
| Iraq | $1,202 | 6.4% | 8 | — |
| Jordan | $903 | 5.7% | 7.5 | 8.0% |
| Kuwait | $6,239 | 3.5% | 7.7 | — |
| Lebanon | $3,450 | 4.8% | 27.4 | — |
| Oman | $1,786 | 7.2% | 3.1 | 4.9% |
Related
- Properties for sale in Israel (15,622)
- Mortgages in Israel for foreigners
- Israel market overview
- Tax rates in Israel
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.