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In this article, we look at current housing prices in Iran in 2026, with simple numbers for apartments, houses and villas.
We constantly update this blog post, because the Iran property market can move quickly when inflation and exchange rates change.
We focus only on residential property in Iran, so the numbers below do not include offices, shops, hotels or farmland.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Iran.
Insights
- The median housing price in Iran in 2026 is around IRR 73.6 billion, which is about $54,000 using the official exchange rate.
- The average housing price in Iran in 2026 is higher, around IRR 91.8 billion, because Tehran and luxury districts pull the average up.
- In most ordinary Iran residential markets, 80% of homes fall between roughly IRR 40 billion and IRR 220 billion.
- Iran property listing prices are usually higher than real closing prices, with a typical discount of about 10% after negotiation.
- Tehran is not a good proxy for all of Iran, because north Tehran prices are far above most provincial cities.
- The median housing price per square meter in Iran in 2026 is about IRR 920 million, or around $676 per sqm.
- Small, well-located apartments in premium Tehran neighborhoods often have the highest price per sqm in Iran.
- Older large apartments in lower-cost districts often have the lowest price per sqm, because renovation costs reduce buyer demand.
- New homes in Iran usually cost 20% to 35% more than similar older homes in the same area.
- A buyer in Iran should usually budget 10% to 25% above the purchase price for taxes, fees, checks and renovation.
What is the average housing price in Iran in 2026?
The median housing price in Iran is more useful than the average price because it shows what a normal buyer is more likely to face, without being pulled upward by luxury apartments in north Tehran or villas in Kish.
We are writing this as of 2026, using the latest data we collected from authoritative sources and manually double checked.
In 2026, the estimated median housing price in Iran is about IRR 73.6 billion, or 7.36 billion tomans, which is around $54,000 and €47,000. The estimated average housing price in Iran in 2026 is about IRR 91.8 billion, or 9.18 billion tomans, which is around $67,500 and €58,600.
In 2026, about 80% of residential properties in Iran fall between IRR 40 billion and IRR 220 billion, which is around $29,000 to $162,000, or €25,500 to €140,000.
A realistic entry range for residential property in Iran in 2026 is about IRR 25 billion to IRR 55 billion, or around $18,000 to $40,000 and €16,000 to €35,000, which can buy a small older apartment of about 45 to 65 sqm in Karaj, south Tehran, outer Isfahan or lower-cost areas of Mashhad.
A realistic luxury range for residential property in Iran in 2026 is about IRR 250 billion to IRR 1.2 trillion, or around $184,000 to $882,000 and €160,000 to €766,000, which can buy a new large apartment in Elahiyeh, Zafaraniyeh, Niavaran, Lavasan, Kish or a premium coastal area.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Iran.
Are Iran property listing prices close to the actual sale price in 2026?
In Iran in 2026, actual closed residential property prices are typically 8% to 14% below listing prices, with a practical central estimate of about 10% below asking price.
This gap exists because many sellers in Iran use property as a protection against inflation, so sellers often keep high asking prices even when buyers are scarce. The gap is usually smaller for small, fairly priced apartments in liquid neighborhoods, but it can reach 15% to 20% for large older apartments, luxury homes or overpriced listings in premium Tehran districts.
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What is the price per sq m or per sq ft for properties in Iran in 2026?
As of 2026, the estimated median housing price in Iran is about IRR 920 million per sqm, or around $676 and €587 per sqm, which is equal to about IRR 85.5 million per sqft, or around $63 and €55 per sqft. The estimated average housing price in Iran is about IRR 1.08 billion per sqm, or around $794 and €689 per sqm, which is equal to about IRR 100.3 million per sqft, or around $74 and €64 per sqft.
The highest price per sqm in Iran is usually found in small, well-located apartments in premium Tehran neighborhoods, while the lowest price per sqm is usually found in large older apartments in lower-income areas or smaller cities because fewer buyers can pay for large units.
In Tehran, the highest price per sqm in 2026 is usually found in Elahiyeh, Zafaraniyeh, Niavaran, Farmanieh and Kamraniyeh, with ranges around IRR 2.3 billion to IRR 7.5 billion per sqm. The lowest Tehran ranges are usually found in District 18, District 16, Naziabad, parts of Yaftabad and parts of Javadiyeh, with ranges around IRR 600 million to IRR 1.05 billion per sqm.
How have property prices evolved in Iran?
Compared with one year earlier, housing prices in Iran in 2026 are estimated to be 18% to 28% higher in nominal rial terms, with a central estimate of about 23%. This does not mean homes became truly more affordable or more valuable, because high inflation reduced real purchasing power.
Compared with two years earlier, residential property prices in Iran are likely much higher in nominal rial terms, mainly because the rial lost purchasing power and sellers adjusted asking prices upward. In real terms, the picture is weaker, because inflation has eaten a large part of the apparent price increase.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Iran.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Iran.
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How do prices vary by housing type in Iran in 2026?
In Iran in 2026, standard apartments represent about 62% of the residential property market, small old apartments about 13%, new-build apartments about 10%, large family apartments about 7%, villas and garden villas about 5%, and luxury penthouses or prime villas about 3%.
Standard apartments in Iran average around IRR 80 billion, or about $59,000 and €51,000, while small old apartments average around IRR 42 billion, or about $31,000 and €27,000. New-build apartments average around IRR 125 billion, or about $92,000 and €80,000, large family apartments around IRR 160 billion, or about $118,000 and €102,000, villas around IRR 250 billion, or about $184,000 and €160,000, and luxury penthouses or prime villas often start above IRR 700 billion, or about $515,000 and €447,000.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Iran in 2026?
In Iran in 2026, a new home usually costs 20% to 35% more than a comparable older home in the same location, with a central estimate around 28%.
This premium exists because new buildings in Iran often offer better parking, elevators, seismic standards, floor plans and finishes, especially in Tehran where good modern buildings are scarce.
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How do property prices vary by neighborhood in Iran in 2026?
In Elahiyeh and Zafaraniyeh, buyers mostly find large luxury apartments of about 150 to 250 sqm, often in newer buildings with parking and high-end finishes. In 2026, typical housing prices in these north Tehran areas range from about IRR 650 billion to IRR 1.2 trillion, or around $478,000 to $882,000 and €415,000 to €766,000, because location and prestige carry a very large premium.
In Vanak, Jordan and Mirdamad, buyers usually find mid-to-upper apartments of about 90 to 160 sqm, often used by families and professionals who want access to offices and central Tehran. In 2026, typical property prices in these areas range from about IRR 180 billion to IRR 420 billion, or around $132,000 to $309,000 and €115,000 to €268,000.
In Kish Island, buyers can find apartments and villas of about 80 to 180 sqm, with prices driven by tourism, free-zone appeal and coastal lifestyle. In 2026, typical residential property prices in Kish range from about IRR 120 billion to IRR 500 billion, or around $88,000 to $368,000 and €77,000 to €319,000.
You will find a much more detailed analysis by areas in our property pack about Iran. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Area in Iran | Market label | Typical price range | Typical price per sqm | Typical price per sqft |
|---|---|---|---|---|
| Elahiyeh | Luxury / diplomatic | IRR 600bn to IRR 1.5tn $441k to $1.10m |
IRR 3.5bn to IRR 7.5bn $2,573 to $5,514 |
IRR 325m to IRR 697m $239 to $512 |
| Zafaraniyeh | Luxury / hillside | IRR 500bn to IRR 1.3tn $368k to $956k |
IRR 3.0bn to IRR 6.8bn $2,206 to $4,999 |
IRR 279m to IRR 632m $205 to $465 |
| Niavaran | Luxury / family | IRR 400bn to IRR 1.0tn $294k to $735k |
IRR 2.3bn to IRR 5.5bn $1,691 to $4,044 |
IRR 214m to IRR 511m $157 to $376 |
| Farmanieh | Luxury / embassy | IRR 450bn to IRR 1.1tn $331k to $809k |
IRR 2.5bn to IRR 6.0bn $1,838 to $4,411 |
IRR 232m to IRR 557m $171 to $410 |
| Jordan / Africa Ave. | Business / popular | IRR 220bn to IRR 520bn $162k to $382k |
IRR 1.8bn to IRR 3.4bn $1,323 to $2,500 |
IRR 167m to IRR 316m $123 to $232 |
| Vanak | Commute / business | IRR 180bn to IRR 450bn $132k to $331k |
IRR 1.7bn to IRR 3.0bn $1,250 to $2,206 |
IRR 158m to IRR 279m $116 to $205 |
| Saadat Abad | Family / upper-mid | IRR 180bn to IRR 420bn $132k to $309k |
IRR 1.6bn to IRR 3.0bn $1,176 to $2,206 |
IRR 149m to IRR 279m $109 to $205 |
| Punak | Family / middle-upper | IRR 110bn to IRR 260bn $81k to $191k |
IRR 1.2bn to IRR 1.8bn $882 to $1,323 |
IRR 111m to IRR 167m $82 to $123 |
| Tehranpars | Family / east Tehran | IRR 80bn to IRR 180bn $59k to $132k |
IRR 950m to IRR 1.45bn $699 to $1,066 |
IRR 88m to IRR 135m $65 to $99 |
| Narmak | Popular / middle | IRR 75bn to IRR 170bn $55k to $125k |
IRR 900m to IRR 1.35bn $662 to $993 |
IRR 84m to IRR 125m $62 to $92 |
| Naziabad | Value / south Tehran | IRR 40bn to IRR 100bn $29k to $74k |
IRR 650m to IRR 1.05bn $478 to $772 |
IRR 60m to IRR 98m $44 to $72 |
| District 18 / Yaftabad | Entry / lower-cost | IRR 32bn to IRR 85bn $24k to $62k |
IRR 600m to IRR 900m $441 to $662 |
IRR 56m to IRR 84m $41 to $62 |
How much more do you pay for properties in Iran when you include renovation work, taxes, and fees?
In Iran in 2026, a buyer should normally budget 10% to 25% above the purchase price once renovation work, taxes, registration, agent fees and checks are included.
For a property bought around $200,000, or about IRR 272 billion, a buyer in Iran should plan for roughly $24,000 to $40,000 in extra costs if the home needs normal checks and moderate work. This means the total budget can reach about $224,000 to $240,000, or roughly IRR 305 billion to IRR 326 billion.
For a property bought around $500,000, or about IRR 680 billion, a buyer in Iran should plan for roughly $60,000 to $90,000 in extra costs depending on the age and condition of the property. This means the total budget can reach about $560,000 to $590,000, or roughly IRR 762 billion to IRR 802 billion.
For a property bought around $1,000,000, or about IRR 1.36 trillion, a buyer in Iran should plan for roughly $100,000 to $180,000 in extra costs, especially if the property is large or needs legal and technical checks. This means the total budget can reach about $1.10 million to $1.18 million, or roughly IRR 1.50 trillion to IRR 1.60 trillion.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Iran
| Extra cost | Cost type | Estimated cost range in Iran in 2026 |
|---|---|---|
| Transfer tax and official transfer charges | Taxes | Usually about 3% to 5% of the declared property value. On a $200,000 purchase, this could be about $6,000 to $10,000, or about IRR 8.2 billion to IRR 13.6 billion. The final number depends on the declared value and local procedure. |
| Notary and registration | Fees | Usually about 0.5% to 1.5% of the property value. On a $200,000 purchase, this could be about $1,000 to $3,000, or about IRR 1.4 billion to IRR 4.1 billion. The cost can vary by deed, property type and paperwork. |
| Agent commission | Fees | Usually about 1% to 3%, often split or negotiated. On a $200,000 purchase, this could be about $2,000 to $6,000, or about IRR 2.7 billion to IRR 8.2 billion. The percentage may be lower on expensive properties. |
| Legal due diligence | Professional fees | Usually about 0.5% to 1.5% of the purchase price. On a $200,000 purchase, this could be about $1,000 to $3,000, or about IRR 1.4 billion to IRR 4.1 billion. This is important when title, inheritance or building permits need extra checks. |
| Light renovation | Renovation | Usually about 4% to 8% of the purchase price. On a $200,000 property, this could be about $8,000 to $16,000, or about IRR 10.9 billion to IRR 21.8 billion. This covers basic finishes, painting, small repairs and minor upgrades. |
| Full renovation of older apartment | Renovation | Usually about 12% to 25% of the purchase price. On a $200,000 property, this could be about $24,000 to $50,000, or about IRR 32.6 billion to IRR 68 billion. Older apartments can look cheap until renovation is included. |
| Utilities, title checks, moving and contingency | Other | Usually about 1% to 3% of the purchase price. On a $200,000 property, this could be about $2,000 to $6,000, or about IRR 2.7 billion to IRR 8.2 billion. This small buffer is useful because real purchase costs often appear late. |
We made this infographic to show you how property prices in Iran compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Iran in 2026 with different budgets?
With $100,000 in Iran in 2026, or about IRR 136 billion, a buyer can consider an 85 sqm existing apartment in Tehranpars, a 120 to 140 sqm existing apartment in Karaj, or a 90 to 110 sqm existing apartment in a good but not prime area of Mashhad.
With $200,000 in Iran in 2026, or about IRR 272 billion, a buyer can consider a 120 sqm existing or nearly new apartment in Punak or Sadeghiyeh, a 150 sqm existing apartment in Mashhad or Isfahan, or a small existing villa outside Tehran or in the northern provinces.
With $300,000 in Iran in 2026, or about IRR 408 billion, a buyer can consider a 140 to 160 sqm existing apartment in Vanak, Jordan fringe or Saadat Abad, a large high-quality apartment in Isfahan or Shiraz, or a good existing villa in the Caspian leisure market.
With $500,000 in Iran in 2026, or about IRR 680 billion, a buyer can consider a 170 to 220 sqm apartment in Saadat Abad, Jordan or Vanak, a 150 to 180 sqm existing apartment in the fringe of Niavaran or Farmanieh, or a high-end villa in Lavasan or a northern coastal area.
With $1,000,000 in Iran in 2026, or about IRR 1.36 trillion, a buyer can consider a 220 to 300 sqm luxury apartment in Elahiyeh or Zafaraniyeh, a large villa in Lavasan, or a luxury villa or large apartment in Kish.
With $2,000,000 in Iran in 2026, or about IRR 2.72 trillion, a buyer can consider a trophy penthouse in Elahiyeh, Zafaraniyeh or Farmanieh, a premium villa compound in Lavasan or the northern leisure market, or several mid-market apartments across Tehran, Karaj, Mashhad or Isfahan.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Iran.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Iran, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source used | Why this source matters | How we used it for Iran housing prices in 2026 |
|---|---|---|
| Central Bank of Iran, exchange rates and monetary data | It is Iran’s central bank and the most direct official source for exchange-rate and monetary information. | We used the June 2026 USD and EUR exchange rates to convert rial estimates into dollars and euros. We also used the central bank context to sense-check the price discussion. |
| Central Bank of Iran, inflation page | It gives official monthly and annual inflation data for Iran. | We used it to adjust nominal housing-price growth for inflation. We also used it to explain why prices can rise in rials while real purchasing power weakens. |
| Statistical Center of Iran / Amar | It is Iran’s official statistics agency and a key public body for housing and CPI data. | We used it as the official anchor for Iran housing-price logic. We then cross-checked it with private listing data because recent closed transaction data is limited. |
| Kilid House Prices | It is one of Iran’s recognized real-estate data platforms and publishes neighborhood-level price estimates. | We used Kilid as a live-market benchmark for Tehran areas and neighborhoods. We did not use it alone because it reflects estimated market values, not a full public registry of closed sales. |
| Balkon Tehran apartment price page | It provides a current private-sector model of Tehran apartment asking prices. | We used Balkon as a check on Tehran average asking prices in June 2026. We treated Balkon as listing-side evidence, not as final transaction evidence. |
| Numbeo Tehran property prices | It is not official, but it gives a transparent contributor-based benchmark for Tehran affordability. | We used Numbeo only as a secondary cross-check for dollar-denominated price-per-square-foot figures. We gave it less weight than Iranian sources because it is crowdsourced. |
| IMF World Economic Outlook, Iran inflation | The IMF is a major international institution with standardized macroeconomic forecasts. | We used IMF inflation estimates to cross-check Iranian inflation trends in 2026. We used this especially where rapid inflation changes the real-price picture. |
| World Bank Iran data | The World Bank gives broad macroeconomic and demographic data for Iran. | We used it for macro context around income, population and affordability. We did not use it as a direct housing-price source because it does not publish detailed Iran property prices. |
| Iran Data Portal / Syracuse University census archive | It republishes official Iranian census datasets and helps when original portals are hard to navigate. | We used it to understand housing stock and household structure. We treated it as structural background, not as a current price source. |
| Divar Tehran residential listings | Divar is one of Iran’s largest property-listing portals and is useful for real-time asking-price checks. | We used Divar to sanity-check what different budget levels could actually buy in June 2026. We used it as listing evidence only, because asking prices are not closed prices. |
| Iran National Tax Administration | It is the official tax authority and helps explain the tax side of property transactions. | We used it to frame transfer-tax and tax-related purchase costs in Iran. We kept the cost ranges broad because the final amount can depend on declared value and local procedure. |
| State Organization for Registration of Deeds and Properties | It is the official body linked to property registration and deed procedures in Iran. | We used it to frame registration and deed-related costs. We also used it to explain why legal checks matter when a buyer purchases property in Iran. |
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