As of June 2026, apartments in Masshad usually cost about 75 million to 250 million toman per square meter, with a practical citywide average near 145 million toman per square meter for normal residential apartments.
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All apartment prices below reflect the Masshad residential property market as it stands in June 2026, using fresh public data, open-market exchange rates and our own market checks.
We constantly update this blog post because Masshad apartment prices, Iranian exchange rates and buyer costs can move quickly.
This guide is written for a foreign individual buyer who wants a simple, realistic view of what an apartment in Masshad really costs.
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 Masshad.
Insights
- In Masshad in June 2026, the average apartment price is around 145 million toman per m², but the median is closer to 130 million toman because cheaper eastern districts pull the market down.
- The most useful budget for a foreign buyer in Masshad is not the cheapest studio budget, but around 12 to 18 billion toman for a clean two-bedroom apartment.
- Masshad’s west and north-west districts, especially Sajjadshahr, Ahmadabad, Hashemiyeh and Vakilabad, can cost two to three times more per m² than Tollab or Tabarsi.
- Foreign buyers should think in open-market FX, not official exchange rates, because real purchase budgets in Iran usually follow market-rate logic.
- In Masshad, a small shrine-adjacent apartment can look attractive, but tourist turnover, parking shortages and older buildings can make it harder to resell.
- The best risk-adjusted apartment zones in Masshad are often Qasemabad, Elahiyeh, Reza Shahr fringe streets and Janbaz/Farhad fringe streets, not the cheapest blocks.
- New-build apartments in Masshad usually cost about 20% to 35% more than resale apartments when parking, elevator, storage and better building systems are included.
- Closing costs in Masshad are not just taxes and agency fees, because foreign buyers also need legal checks, translation, payment planning and title verification.
- Monthly ownership costs in Masshad can feel low compared with the purchase price, but older buildings can create sudden repair bills that change the real return.
How much do apartments really cost in Masshad in 2026?
What's the average and median apartment price in Masshad in 2026?
As of June 2026, the estimated average apartment price in Masshad is about 12.0 billion toman, or about $70,000 and €60,500, while the median apartment price in Masshad is closer to 9.5 billion toman, or about $55,600 and €47,900.
That means the estimated average apartment price in Masshad in 2026 is about 145 million toman per m², or about $850 and €730 per m², which is roughly 13.5 million toman, $79 and €68 per square foot.
For most standard apartments in Masshad in June 2026, a realistic price range is about 75 million to 250 million toman per m², or about $440 to $1,460 and €380 to €1,260 per m², depending mostly on the neighborhood, building age, parking and elevator.
Sources and methodology: we started with Numbeo Mashhad property prices, Alanchand USD/IRR and Bonbast.
We converted USD per square foot into m² prices, then converted dollars into toman using the June 2026 open-market rate.
We checked the result against Mashhad listing datasets and our own apartment market analysis, so the numbers are estimates, not official transaction prices.
How much is a studio apartment in Masshad in 2026?
As of June 2026, a normal studio apartment in Masshad usually costs about 4.2 to 7.5 billion toman, or about $24,600 to $43,900 and €21,200 to €37,800.
In practice, entry-level to mid-range studios in Masshad often sit around 3.0 to 7.5 billion toman, or about $17,500 to $43,900 and €15,100 to €37,800, while high-end small units in better west or central-west areas can reach about 7.0 to 11.5 billion toman, or about $40,900 to $67,300 and €35,300 to €57,900.
Most studio apartments in Masshad are compact, usually around 35 to 50 m², so a small difference in neighborhood quality can change the total budget very quickly.
Sources and methodology: we used Numbeo Mashhad, Mashhad apartment listing data and Mashhad housing-market analysis.
We applied Masshad-specific size assumptions for compact apartments, then checked whether the totals matched local district pricing.
We treated very small shrine-adjacent apartments carefully because their tourist demand is not the same as stable residential demand.
How much is a one-bedroom apartment in Masshad in 2026?
As of June 2026, a normal one-bedroom apartment in Masshad usually costs about 6.0 to 10.5 billion toman, or about $35,100 to $61,400 and €30,200 to €52,900.
Entry-level to mid-range one-bedroom apartments in Masshad often range from 4.0 to 10.5 billion toman, or about $23,400 to $61,400 and €20,200 to €52,900, while better one-bedroom units in Ahmadabad, Sajjadshahr, Hashemiyeh or Vakilabad can cost about 10 to 16 billion toman, or about $58,500 to $93,600 and €50,400 to €80,600.
A typical one-bedroom apartment in Masshad is usually around 50 to 65 m², which makes this segment useful for singles, couples and small rental investors.
Sources and methodology: we compared Numbeo city prices, Numbeo Iran city comparison and Mashhad listing analysis.
We estimated one-bedroom totals from typical 50 to 65 m² apartment sizes and local price bands.
We adjusted upward for parking, elevator, newer buildings and stronger west-side resale demand.
How much is a two-bedroom apartment in Masshad in 2026?
As of June 2026, a normal two-bedroom apartment in Masshad usually costs about 9.5 to 16.0 billion toman, or about $55,600 to $93,600 and €47,900 to €80,600.
Entry-level to mid-range two-bedroom apartments in Masshad usually range from about 7.0 to 16.0 billion toman, or about $40,900 to $93,600 and €35,300 to €80,600, while high-end two-bedroom apartments in premium west and north-west districts can reach about 18 to 28 billion toman, or about $105,300 to $163,700 and €90,700 to €141,100.
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Masshad.
Sources and methodology: we used Numbeo Mashhad, Mashhad apartment sales data and Ministry of Roads housing inflation reporting.
We used 75 to 95 m² as the main two-bedroom apartment size in Masshad.
We also cross-checked whether the estimated total budgets were realistic in Qasemabad, Elahiyeh, Reza Shahr and Sajjad fringe streets.
How much is a three-bedroom apartment in Masshad in 2026?
As of June 2026, a normal three-bedroom apartment in Masshad usually costs about 16 to 30 billion toman, or about $93,600 to $175,400 and €80,600 to €151,100.
Entry-level to mid-range three-bedroom apartments in Masshad often sit around 11 to 30 billion toman, or about $64,300 to $175,400 and €55,400 to €151,100, while premium three-bedroom apartments in Sajjadshahr, Ahmadabad, Hashemiyeh and Vakilabad can reach about 30 to 45 billion toman, or about $175,400 to $263,200 and €151,100 to €226,700.
A typical three-bedroom apartment in Masshad is usually around 110 to 140 m², so buyers should check building maintenance and monthly charges before focusing only on the headline price.
Sources and methodology: we combined Numbeo Mashhad, Mashhad housing-market analysis and Alanchand exchange rates.
We estimated three-bedroom prices from the most common large-apartment sizes and neighborhood-level price bands.
We treated older eastern stock separately because lower entry prices can come with weaker resale and higher repair risk.
What's the price gap between new and resale apartments in Masshad in 2026?
As of June 2026, new-build apartments in Masshad usually cost about 20% to 35% more than resale apartments, especially when the new building has parking, elevator, storage and better heating or cooling systems.
A reasonable average for new-build apartments in Masshad is about 175 million toman per m², or about $1,020 and €880 per m², although prime new units can go much higher.
For resale apartments in Masshad, a reasonable average is closer to 125 million toman per m², or about $730 and €630 per m², with large discounts in older buildings without parking or elevator.
Sources and methodology: we used Mashhad listing analysis, Mashhad apartment data and Numbeo city benchmarks.
We compared older resale stock with newer buildings and applied a practical premium for apartment quality.
We also used our internal checks to avoid treating listing asking prices as guaranteed sale prices.
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Can I afford to buy in Masshad in 2026?
What's the typical total budget (all-in) to buy an apartment in Masshad in 2026?
As of June 2026, a realistic all-in budget for a standard apartment in Masshad is about 10.3 to 17.4 billion toman, or about $60,200 to $101,800 and €51,900 to €87,700.
This all-in Masshad apartment budget includes the purchase price, agency costs, notary and registration items, legal review, translation, title checks and a foreign-buyer buffer for FX or payment friction.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Masshad property pack.
Sources and methodology: we used Numbeo Mashhad, Iran transfer-tax reporting and Karimi Law Firm foreign-ownership guidance.
We added a 6% to 9% planning buffer because foreign buyers need more legal and payment checks.
We used this buffer as a safety estimate, not as a fixed tax bill for every buyer.
What down payment is typical to buy in Masshad in 2026?
As of June 2026, a foreign buyer in Masshad should usually plan for a 70% to 100% cash down payment, which means about 8.4 to 12.0 billion toman, or about $49,100 to $70,200 and €42,300 to €60,500, on a typical 12 billion toman apartment.
For local buyers in Iran, banks may provide partial financing, but a foreign buyer in Masshad should not assume easy access to normal local mortgage lending.
The safer recommended down payment for a foreign buyer in Masshad is 100% cash or almost 100% cash, because high interest rates, sanctions friction and approval steps can make mortgage planning unreliable.
Sources and methodology: we checked Numbeo mortgage affordability data, Central Bank of Iran statistics and foreign-ownership legal guidance.
We used mortgage data mainly to understand affordability pressure, not to promise loan availability.
We assumed the reader is a foreign individual buyer, so our down-payment estimate is deliberately conservative.
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Which neighborhoods are cheapest or priciest in Masshad in 2026?
How much does the price per m² for apartments vary by neighborhood in Masshad in 2026?
As of June 2026, apartment prices in Masshad vary from about 55 million to 300 million toman per m², or about $320 to $1,750 and €280 to €1,510 per m², depending on the district.
The most affordable Masshad neighborhoods include Tollab, Tabarsi, Khajeh Rabi and Panjtan, where typical apartment prices are about 55 million to 110 million toman per m², or about $320 to $640 and €280 to €550 per m².
The most expensive Masshad neighborhoods include Sajjadshahr, Ahmadabad, Hashemiyeh and Vakilabad, where typical apartment prices are about 160 million to 300 million toman per m², or about $940 to $1,750 and €810 to €1,510 per m².
Sources and methodology: we used Mashhad apartment sales data, Mashhad neighborhood analysis and Numbeo Mashhad.
We grouped neighborhoods by buyer profile, transport access, building quality and resale depth.
We also checked Masshad-specific demand from shrine tourism and west-side family expansion.
What neighborhoods are best for first-time buyers on a budget in Masshad in 2026?
As of June 2026, the three best Masshad neighborhoods for first-time buyers on a budget are Qasemabad, Elahiyeh and Tabarsi, because they offer lower entry prices without being as narrow as the weakest micro-markets.
In these budget-friendly Masshad neighborhoods, a realistic apartment price range is about 4.5 to 12 billion toman, or about $26,300 to $70,200 and €22,700 to €60,500, depending on size, age and parking.
Qasemabad offers family demand, Elahiyeh offers newer north-west expansion, and Tabarsi offers cheaper access to central and high-traffic parts of Masshad.
The main trade-off is that budget apartments in Masshad may have older buildings, weaker parking, more repair risk or lower resale liquidity than apartments in Sajjadshahr or Ahmadabad.
Sources and methodology: we compared Mashhad listing analysis, Numbeo Iran comparison and Visiting Mashhad city context.
We focused on first-time buyers who need a balance between price, tenant demand and resale safety.
We did not rank neighborhoods only by the cheapest price per m² because that can be misleading.
Which neighborhoods have the fastest-rising apartment prices in Masshad in 2026?
As of June 2026, the Masshad neighborhoods with the fastest-rising apartment prices appear to be Elahiyeh, Qasemabad and the Vakilabad corridor, especially for newer apartments with parking and better access.
A realistic year-over-year increase estimate for these faster-moving Masshad apartment areas is about 25% to 40% in toman terms, although part of this rise reflects inflation and currency weakness rather than pure real growth.
The main driver is simple: buyers who cannot afford prime Sajjadshahr, Ahmadabad or Hashemiyeh are moving toward cheaper west and north-west areas with better family housing stock.
Sources and methodology: we used Ministry of Roads housing inflation reporting, Mashhad listing data and Numbeo Mashhad.
We estimated momentum by combining inflation context, listing segmentation and our own district-level interpretation.
We show these as practical market estimates, not as official price-index figures for each neighborhood.
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What extra costs will I pay on top of the apartment price in Masshad in 2026?
What are all the buyer closing costs when you buy an apartment in Masshad?
For a typical 12 billion toman apartment in Masshad, a safe buyer closing-cost budget is about 720 million to 1.08 billion toman, or about $4,200 to $6,300 and €3,600 to €5,400.
The main closing costs in Masshad usually include agency commission, notary and deed-processing fees, registration items, legal due diligence, translation, title checks and FX or payment friction for a foreign buyer.
The largest practical expense is often not one official fee, but the combined transaction buffer, especially if the foreign buyer needs strong legal help and safe payment routing.
Some costs can vary between transactions, because agency fees, legal fees, payment friction and how seller-side tax items affect negotiation are not identical in every Masshad apartment deal.
Sources and methodology: we used Iran transfer-tax reporting, JD Supra Iran property transfer guidance and Karimi Law Firm guidance.
We separated buyer cash planning from seller-side tax practice because both can affect the final negotiation.
We used a cautious foreign-buyer estimate because Masshad deals require careful title and document checks.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Masshad?
In Masshad in 2026, buyers should usually budget about 6% to 9% of the apartment purchase price for closing costs and transaction friction.
For simple local transactions, the direct cost can be closer to 3% to 5%, but for a foreign buyer in Masshad, the safer working range is 6% to 9% because legal support and FX planning matter more.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Masshad.
Sources and methodology: we checked officially reported transfer-tax rules, Soroush Salamian housing-tax guidance and Bonbast FX data.
We used a percentage range because real costs depend on price, deed value, fee negotiation and foreign-buyer payment setup.
We treated the 6% to 9% figure as a safe planning buffer, not as a legal quote.
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What are the ongoing monthly and yearly costs of an apartment in Masshad in 2026?
What are typical HOA fees in Masshad right now?
In Masshad in June 2026, typical monthly HOA or building service fees for a normal apartment are about 4 million to 8 million toman, or about $23 to $47 and €20 to €40.
The realistic range is about 1.5 million to 35 million toman per month, or about $9 to $205 and €8 to €176, from older small buildings to luxury towers with security, cleaning, elevators and stronger shared services.
Sources and methodology: we used LivingCost Mashhad, World Prices Mashhad and housing inflation reporting.
We estimated HOA fees from normal building service costs, maintenance pressure and local apartment quality differences.
We adjusted upward for buildings with elevators, parking, security, cleaning staff and shared mechanical systems.
What utilities should I budget monthly in Masshad right now?
In Masshad in June 2026, a typical apartment owner should budget about 8 million to 18 million toman per month for utilities, or about $47 to $105 and €40 to €91.
A small efficient apartment can cost less, while a larger or less efficient Masshad apartment can reach about 20 million toman per month, or about $117 and €101, during heavy heating or cooling months.
This monthly Masshad utilities budget usually includes electricity, gas, water, garbage charges, internet and mobile service.
Heating and cooling are often the most important variable costs because Masshad has hot summers and cold winters.
Sources and methodology: we used LivingCost Mashhad, World Prices Mashhad and Numbeo Mashhad housing data.
We built a practical monthly utilities range for a normal 70 to 100 m² apartment.
We widened the range because Masshad bills change with season, insulation, household size and heating or cooling habits.
How much is property tax on apartments in Masshad?
For a normal owner-occupied apartment in Masshad, recurring annual property-related charges are usually modest, so a practical budget is about 6 million to 24 million toman per year, or about $35 to $140 and €30 to €121, on a 12 billion toman apartment.
Iran does not work like markets with a large annual council tax on every apartment, so buyers should think more about municipal charges, service items, transfer tax, empty-home tax risk and tax clearances at resale.
A realistic annual range for many Masshad apartments is about 0.05% to 0.20% of the property value, but the larger tax issue is usually the transaction stage rather than yearly ownership.
Sources and methodology: we used Soroush Salamian housing-tax guidance, TaxAtlas Iran property-tax overview and Iran transfer-tax reporting.
We separated recurring ownership charges from transfer taxes because buyers often confuse the two.
We used a cautious planning range because local charges can vary by municipality, property value and use.
What's the yearly building maintenance cost in Masshad?
In Masshad in 2026, a typical apartment owner should budget about 60 million to 120 million toman per year for building maintenance on a 12 billion toman apartment, or about $350 to $700 and €300 to €605.
A realistic yearly maintenance range in Masshad is about 0.5% to 1.5% of the apartment value, which means older or poorly managed buildings can cost much more than newer well-managed buildings.
Building maintenance in Masshad usually includes elevator repairs, roof works, pipes, pumps, facade repairs, shared electricity, cleaning and common-area fixes.
These maintenance costs are separate from normal monthly HOA fees when the building needs major repairs, although small routine items may already be included in the monthly building charge.
Sources and methodology: we used housing inflation reporting, Mashhad building-quality data and LivingCost Mashhad.
We estimated maintenance from apartment value, building age and common repair categories.
We gave older dense districts a higher risk because sudden shared repairs can be expensive.
How much does home insurance cost in Masshad?
In Masshad in 2026, basic annual home insurance for a normal apartment usually costs about 5 million to 20 million toman, or about $29 to $117 and €25 to €101.
A larger or higher-value Masshad apartment with broader fire, contents, liability and earthquake-related cover can cost about 20 million to 50 million toman per year, or about $117 to $292 and €101 to €252.
Home insurance is usually optional for apartment owners in Masshad, but it is sensible because earthquake, fire and building-condition risks are real in older apartment blocks.
Sources and methodology: we used LivingCost Mashhad, Iran property-tax context and Mashhad apartment stock data.
We estimated insurance as a small annual cost relative to apartment value and risk cover.
We recommend buyers compare policies because earthquake and contents cover can change the price.
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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 Masshad, 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 | Why we trust it | How we used it |
|---|---|---|
| Numbeo Mashhad property prices | It gives fresh city-level buy prices, rents and yields for Mashhad. | We used it as the main live benchmark for apartment prices and rental yields. We converted its USD per square foot data into m² and local-currency estimates. |
| Numbeo Iran city comparison | It uses the same method across Iranian cities. | We used it to compare Mashhad with other Iranian apartment markets. We also used it to check whether Mashhad looked cheap or expensive inside Iran. |
| Alanchand USD/IRR open-market rate | It gives a dated open-market USD/IRR reference for June 2026. | We used 1,710,000 IRR per USD, equal to 171,000 toman per USD. We used this rate for foreign-buyer budget conversions. |
| Alanchand live currency page | It shows several live exchange rates in Iranian rials. | We used it to cross-check USD and EUR conversion logic. We converted toman amounts into USD and EUR using rounded June 2026 market rates. |
| Bonbast Iran FX archive | It is a widely followed free-market Iranian FX tracker. | We used it as a second check on Iran’s open-market FX environment. We did not rely on official exchange rates alone. |
| Central Bank of Iran exchange rates | It is the official central-bank exchange-rate source. | We used it to show why official rates are different from open-market rates. We treated it as macro context, not as the buyer’s working FX rate. |
| Central Bank of Iran statistics | It is Iran’s official monetary and financial statistics source. | We used it to frame lending, affordability and interest-rate conditions. We avoided relying only on property portals. |
| Statistical Centre of Iran data portal | It is Iran’s official statistics agency. | We used it for official housing and inflation context where public data exists. We treated it as a higher-priority source than private listings. |
| Ministry of Roads housing inflation reporting | It reports housing inflation figures linked to official statistics. | We used it to understand the direction of housing and rent pressure. We also used it to avoid treating listing prices as final sale prices. |
| Mashhad apartment sales dataset | It is a large apartment listing dataset focused on Mashhad. | We used it to check apartment size, neighborhood segmentation and listing patterns. We treated it as listing data, not official transaction data. |
| Mashhad housing-market analysis notebook | It studies Mashhad listings and common price drivers. | We used it to confirm the importance of area, age, bedrooms and amenities. We used it qualitatively because it is based on listings. |
| Mashhad housing-market GitHub project | It documents how Mashhad listing data was analyzed. | We used it to understand neighborhood and building-feature effects. We also used it to check that parking, elevator and storage matter for price. |
| Tehran Times Mashhad accommodation report | It reports official tourism-accommodation capacity statements for Mashhad. | We used it to explain why shrine-adjacent districts behave differently. We did not use it as a price source. |
| Visiting Mashhad city portal | It gives city context for visitors and urban demand. | We used it to understand Masshad’s tourism and pilgrimage demand. We connected that demand to rental texture, not to exact price levels. |
| Iran real-estate transfer-tax reporting | It reports current transfer-tax rules from registration authorities. | We used it to frame transaction-tax exposure in Iran. We explained that seller-side and buyer-side cash planning can differ in practice. |
| Soroush Salamian housing-tax guide | It explains Iran property-tax categories in plain language. | We used it to separate recurring ownership costs from transaction taxes. We also used it to flag empty-home and resale tax issues. |
| TaxAtlas Iran property-tax overview | It summarizes Iran’s wealth and property-tax structure. | We used it to check that Iran does not have a broad net wealth tax. We used it only as a tax-context source. |
| Karimi Law Firm foreign ownership guidance | It focuses on foreign ownership of immovable property in Iran. | We used it to frame foreign-buyer process risk. We did not treat it as financial or investment advice. |
| LivingCost Mashhad cost data | It gives local living-cost estimates for Mashhad. | We used it to estimate utilities and monthly ownership costs. We cross-checked it with other cost-of-living sources. |
| World Prices Mashhad cost data | It gives updated local cost estimates for Mashhad. | We used it as a second check for utilities and local monthly budgets. We did not use it for apartment purchase prices. |
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