Mongolia House Prices, Rents & Rental Yields (2026)
How much property costs in Mongolia, what it rents for and how that compares with neighbouring markets in Eastern Asia. City-centre prices per m² rank 5 of 5 in this comparison; gross yields rank 1 of 5.
- Apartment price per m² (city centre)
- $1,483
- 2023
- Apartment price per m² (outside centre)
- $957
- 2023
- Gross rental yield (city centre)
- 7.2%
- 2024
- Price-to-income ratio
- 15.7
- 2024
- Rent: 1-bedroom, city centre
- $490/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 6.5%
- 2023
Price and rent trends in Mongolia
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 | $1,483 | 2023 | +13.7% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $957 | 2023 | +12.8% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 15.7 | 2024 | -10.8% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 7.2% | 2024 | +2.2 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 13.9 | 2024 | -30.5% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $490/mo | 2023 | — | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $373/mo | 2023 | — | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,108/mo | 2023 | — | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $767/mo | 2023 | — | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 6.5% | 2023 | — | 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) |
|---|---|---|---|---|---|
| 2024 | — | — | 15.7 | 7.2% | 13.9 |
| 2023 | $1,483 | $957 | 17.6 | 5.0% | 20 |
| 2022 | $1,304 | $848 | 14 | 6.7% | 14.9 |
| 2021 | — | — | 11.5 | 7.2% | 13.9 |
| 2017 | — | — | 15.8 | 9.8% | 10.2 |
| 2012 | — | — | 15.4 | 13.1% | 7.6 |
| 2011 | — | — | 10.9 | 8.5% | 11.8 |
Mongolia 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) |
|---|---|---|---|---|
| Mongolia | $1,483 | 7.2% | 15.7 | 6.5% |
| 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% |
| South Korea | $11,970 | 1.2% | 19.9 | 4.8% |
Related
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.