Thailand House Prices, Rents & Rental Yields (2026)
How much property costs in Thailand, what it rents for and how that compares with neighbouring markets in South-eastern Asia. City-centre prices per m² rank 2 of 6 in this comparison; gross yields rank 5 of 7.
- Apartment price per m² (city centre)
- $3,763
- 2023
- Apartment price per m² (outside centre)
- $1,840
- 2023
- Gross rental yield (city centre)
- 3.1%
- 2024
- Price-to-income ratio
- 26.5
- 2024
- Rent: 1-bedroom, city centre
- $516/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 6.2%
- 2023
Price and rent trends in Thailand
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 | $3,763 | 2023 | -21.1% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,840 | 2023 | -26.3% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 26.5 | 2024 | +10.4% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 3.1% | 2024 | -0.1 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 32.6 | 2024 | +3.5% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $516/mo | 2023 | +18.6% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $304/mo | 2023 | +27.1% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,305/mo | 2023 | +3.5% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $796/mo | 2023 | +21.0% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 6.2% | 2023 | +1.1 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 | — | — | 26.5 | 3.1% | 32.6 | — | — | — | — | — |
| 2023 | $3,763 | $1,840 | 24 | 3.2% | 31.5 | $516/mo | $304/mo | $1,305/mo | $796/mo | 6.2% |
| 2022 | $4,772 | $2,495 | 21.7 | 3.2% | 31.2 | $435/mo | $239/mo | $1,261/mo | $658/mo | 5.0% |
| 2021 | $5,062 | $2,432 | 22.2 | 3.2% | 31.6 | $452/mo | $262/mo | $1,636/mo | $774/mo | 5.4% |
| 2020 | $4,841 | $2,058 | 22.3 | 3.2% | 31 | $538/mo | $282/mo | $1,368/mo | $690/mo | 5.0% |
| 2019 | $4,317 | $2,033 | 21.9 | 3.5% | 28.4 | $527/mo | $301/mo | $1,401/mo | $708/mo | 5.7% |
| 2018 | $4,101 | $2,018 | 22.8 | 3.8% | 26.6 | $559/mo | $294/mo | $1,579/mo | $735/mo | 5.7% |
| 2017 | $3,538 | $1,826 | 24.4 | 3.8% | 26.3 | $497/mo | $257/mo | $1,429/mo | $686/mo | 5.5% |
Thailand compared with South-eastern Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Thailand | $3,763 | 3.1% | 26.5 | 6.2% |
| Cambodia | — | 4.8% | 32.5 | — |
| Indonesia | $1,858 | 4.6% | 18.9 | 9.6% |
| Malaysia | $2,298 | 4.1% | 8.5 | 4.3% |
| Philippines | $2,556 | 2.9% | 27 | 7.5% |
| Singapore | $20,832 | 3.3% | 14.9 | 3.7% |
| Vietnam | $2,822 | 3.1% | 23.7 | 10.2% |
Related
- Properties for sale in Thailand (23,200)
- Mortgages in Thailand for foreigners
- Thailand market overview
- Tax rates in Thailand
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.