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Home » Locations » Jerusalem

Jerusalem Property Prices, Rent & Rental Yield

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Jerusalem is a city where history meets modernity, making its real estate market both unique and highly attractive. With a blend of ancient charm and contemporary development, the market draws local buyers, international investors, and renters alike. High demand, limited supply, and steady growth have created a vibrant scene for purchasing homes, renting properties, and seizing investment opportunities. Whether you’re interested in a historic apartment near cultural landmarks or a modern development on the city’s edge, Jerusalem offers a dynamic range of options that promise long-term value and enduring appeal.

Live market data · updated 2026-06-26

A standard 4-room apartment in Jerusalem has a recorded median sale price of about ₪3,120,000 (about $1.05M) and rents for about ₪8,600/month. That is a gross rental yield of about 3.28%, with recorded prices up 0.54% over the past year. These are medians of deals reported to the Tax Authority (recorded, not asking, prices) - the full breakdown by size and year is below.

Show prices inlive exchange rate
Sale price
₪3,120,000
standard 4-room · recorded median
Monthly rent
₪8,600/mo
standard 4-room · recorded median
Gross rental yield
3.28%
annual rent ÷ price
1-year price change
▲ +0.54%
year on year
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Price & rent trend

₪1.9M₪2.4M₪2.8M2020: ₪2M2021: ₪2M2022: ₪2.4M2023: ₪2.5M2024: ₪2.6M2025: ₪2.7M202020212022202320242025
Median sale price by year (all sizes)
₪4k₪6k₪7k2020: ₪5k2021: ₪4k2022: ₪6k2023: ₪6k2024: ₪7k2025: ₪7k202020212022202320242025
Median monthly rent by year (all sizes)
View the data
YearMedian saleMedian rentGross yield
2025₪2,720,000₪6,700/mo2.97%
2024₪2,620,000₪6,600/mo3%
2023₪2,530,000₪6,300/mo2.97%
2022₪2,370,000₪5,500/mo2.8%
2021₪2,050,000₪4,400/mo2.58%
2020₪1,980,000₪4,500/mo2.74%

By apartment size

SizeMedian saleMedian rentGross yield
3 rooms₪2,390,000₪6,200/mo3.09%
4 rooms₪3,120,000₪8,600/mo3.28%
5 rooms₪4,070,000₪10,300/mo3.02%
All sizes₪2,720,000₪6,800/mo3.02%

Neighborhoods in Jerusalem

112 neighborhoods - recorded medians where deals exist, local-market estimates (marked "est.") where they are thin.

Jerusalem Old City
₪5,500,000
Rent ₪8,500/mo · Yield 1.85%
Romema Industrial Zone
₪2,500,000
Rent ₪6,800/mo est. · Yield 3.28%
Holyland
₪4,550,000
Rent ₪10,000/mo · Yield 2.65%
Ramat Eshkol
₪4,160,000
Rent ₪7,200/mo · Yield 2.09%
Kiryat Belz
₪3,460,000
Rent ₪9,500/mo est. · Yield 3.28%
Makor Chaim
₪3,940,000
Rent ₪9,100/mo · Yield 2.78%
Romema
₪3,850,000
Rent ₪6,700/mo · Yield 2.1%
Geulim-Baka
₪4,030,000
Rent ₪8,200/mo · Yield 2.43%
Emek Refaim-HaMoshava HaGermanit
₪6,170,000
Rent ₪10,000/mo · Yield 1.95%
Katamon HaYeshana
₪4,830,000
Rent ₪9,300/mo · Yield 2.31%
Arnona
₪3,740,000
Rent ₪7,900/mo · Yield 2.54%
Kiryat Moshe
₪4,150,000
Rent ₪7,400/mo · Yield 2.14%
Rehavia
₪5,160,000
Rent ₪9,600/mo · Yield 2.24%
Ein Kerem
₪3,700,000
Rent ₪9,000/mo · Yield 2.92%
Ramat Rachel-Arnona HaHadasha
₪3,000,000
Rent ₪7,200/mo · Yield 2.88%
Kiryat Shmuel
₪3,680,000
Rent ₪7,200/mo · Yield 2.34%
Ramat Shlomo
₪3,260,000
Rent ₪8,200/mo · Yield 3.02%
Givat Hananya - Abu Tor
₪3,460,000
Rent ₪8,000/mo · Yield 2.78%
Beit HaKerem
₪3,770,000
Rent ₪9,100/mo · Yield 2.9%
Kiryat HaLeom
₪4,580,000
Rent ₪11,300/mo · Yield 2.97%
Talpiot
₪3,760,000
Rent ₪9,300/mo · Yield 2.98%
Ramat Sharett
₪3,880,000
Rent ₪9,000/mo · Yield 2.79%
German Colony
₪3,650,000
Rent ₪7,200/mo · Yield 2.38%
Har Nof
₪3,270,000
Rent ₪9,300/mo · Yield 3.43%
Makor Baruch
₪2,470,000
Rent ₪7,800/mo · Yield 3.79%
Maalot Dafna
₪3,220,000
Rent ₪8,200/mo · Yield 3.03%
Givat Shaul
₪4,160,000
Rent ₪8,600/mo · Yield 2.46%
Sanhedria
₪4,050,000
Rent ₪11,100/mo est. · Yield 3.28%
Givat Masua
₪3,150,000
Rent ₪7,900/mo · Yield 3%
Talbiya-Komemiyut
₪4,110,000
Rent ₪10,300/mo · Yield 3.01%
Ramot
₪3,370,000
Rent ₪8,600/mo · Yield 3.05%
Givat HaVradim-Rassco
₪3,560,000
Rent ₪8,800/mo · Yield 2.97%
French Hill - Givat Shapira
₪2,940,000
Rent ₪7,800/mo · Yield 3.19%
Bayit VeGan
₪3,510,000
Rent ₪8,800/mo · Yield 3.02%
HaHabashim
₪2,880,000
Rent ₪7,900/mo est. · Yield 3.28%
Talpiot
₪2,840,000
Rent ₪8,300/mo · Yield 3.51%
Homat Shmuel-Har Homa
₪2,760,000
Rent ₪8,300/mo · Yield 3.62%
Katamonim
₪4,110,000
Rent ₪7,600/mo · Yield 2.21%
Ramat Denya
₪2,700,000
Rent ₪7,000/mo · Yield 3.09%
HaBucharim
₪2,660,000
Rent ₪7,300/mo est. · Yield 3.28%
Givat Mordechai
₪2,810,000
Rent ₪7,700/mo · Yield 3.28%
City Center
₪3,740,000
Rent ₪9,900/mo · Yield 3.18%
Kiryat HaYovel
₪3,260,000
Rent ₪7,400/mo · Yield 2.73%
Morasha-Musrara
₪2,500,000
Rent ₪8,000/mo · Yield 3.81%
Almon (Anatot)
₪2,500,000
Rent ₪5,800/mo · Yield 2.78%
Kiryat Menachem
₪2,570,000
Rent ₪7,700/mo · Yield 3.6%
Beit Yisrael
₪2,410,000
Rent ₪4,400/mo · Yield 2.21%
Pisgat Zeev
₪2,450,000
Rent ₪7,400/mo · Yield 3.62%
Neve Yaakov
₪2,680,000
Rent ₪5,700/mo · Yield 2.55%
Machane Yehuda
₪4,350,000
Rent ₪9,400/mo · Yield 2.59%
Ir Ganim Aleph
₪3,080,000
Rent ₪7,100/mo · Yield 2.75%
Gilo
₪2,470,000
Rent ₪6,600/mo · Yield 3.21%
Tel Arza
₪2,060,000
Rent ₪5,600/mo est. · Yield 3.28%
East Talpiot
₪2,330,000
Rent ₪6,300/mo · Yield 3.23%
Nachlaot
₪1,940,000
Rent ₪6,600/mo · Yield 4.05%
Zichron Moshe
₪1,930,000
Rent ₪7,400/mo · Yield 4.61%
Geula
₪1,820,000
Rent ₪5,000/mo est. · Yield 3.28%
Givat Shaul Industrial Zone
₪1,640,000
Rent ₪4,500/mo est. · Yield 3.28%
Mea Shearim
₪1,430,000
Rent ₪3,900/mo est. · Yield 3.28%
Shuafat
₪1,090,000
Rent ₪3,000/mo est. · Yield 3.28%
Beit Hanina
₪1,000,000
Rent ₪2,700/mo est. · Yield 3.28%
Mamilla
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Har HaMenuchot
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Mount Scopus
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Pat
₪2,040,000 est.
Rent ₪5,600/mo · Yield 3.28%
Arab al-Sawahira
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Givat HaMivtar
₪1,880,000 est.
Rent ₪5,100/mo · Yield 3.28%
Tzafon Talpiot
₪3,550,000 est.
Rent ₪9,700/mo · Yield 3.28%
City Center East
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Ramat Motza
₪2,630,000 est.
Rent ₪7,200/mo · Yield 3.28%
Government Quarter (Kiryat HaLeom)
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Kfar Shalma (Swedish Village)
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Ash-Shayyah
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Christian Quarter
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Yemin Moshe
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Umm Leisun
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Mei Naftoah (Lifta)
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Umm Tuba
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Shikun Chabad
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
A-Ram
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Shomrei HaChomot
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Atarot Industrial Zone
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Givat HaMatos
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Tzur Baher
₪3,420,000 est.
Rent ₪9,300/mo · Yield 3.28%
Jabel Mukaber
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Jewish Quarter
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Har Hotzvim Industrial Zone
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Kafr Aqab
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Silwan
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Kerem Avraham
₪2,470,000
Rent ₪6,800/mo est. · Yield 3.28%
American Colony
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
A-Sawana
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Shmuel HaNavi
₪2,790,000 est.
Rent ₪7,600/mo · Yield 3.28%
A-Tur
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Shimon HaTzadik
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Bab az-Zahra
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Ras al-Amud
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Manachat-Malcha
₪3,550,000 est.
Rent ₪9,700/mo · Yield 3.28%
City of David
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Mount Zion
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Sheikh Jarrah
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Ezrat Torah
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Beit Safafa
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Ein Kerem
₪2,800,000 est.
Rent ₪7,700/mo · Yield 3.28%
Givat Ram
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Muslim Quarter
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Arzei HaBira
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Armenian Quarter
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Nayot
₪2,940,000 est.
Rent ₪8,000/mo · Yield 3.28%
Isawiya
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Mount of Olives
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%
Wadi al-Joz
₪3,120,000 est.
Rent ₪8,600/mo est. · Yield 3.28%

Schools, transport & amenities

Official registry counts for the whole city - the day-to-day things renters, buyers and investors weigh.

Schools
516
primary / middle / high
Kindergartens
2433
early years
Bus stops
2398
public transport
Health clinics
1900
Clalit, Meuhedet, Maccabi, Leumit
Pharmacies
255
pharmacies
Sports & leisure
714
gyms, pitches, pools
Mikvaot
30
ritual baths
Bank branches
131
retail banking

Jerusalem has 516 schools (primary/middle/high), 2433 kindergartens, 2398 bus stops, 1900 health clinics (Clalit, Meuhedet, Maccabi, Leumit), 255 pharmacies and 714 sports facilities in Jerusalem. Sources: Ministry of Education, Ministry of Health and Ministry of Transport registries (via GovMap and data.gov.il), our analysis.

Compare nearby cities

Prices, rents and yields for other cities in the same district.

Beit ShemeshMevaseret ZionBet ZayitOraShoreshGiv'at Ye'arim

Semerenko Group estimates - our own analysis of public Israel Tax Authority transaction records, averaged per year and rounded; rental yield computed by us; amenities from GovMap (Survey of Israel). Independent analysis, not official figures or a valuation. Updated 2026-06-26.

More Info About Jerusalem

1. Market Overview

  • Price Trends:
    Jerusalem’s housing prices have generally trended upward, driven by high demand and limited supply. After a brief cooling period, prices resumed rising, especially in prime areas where demand continues to outpace supply.

  • Demand Factors:
    Demand is strong from both local and international buyers. A growing local population, increased immigration, and significant interest from overseas investors contribute to a competitive market. Many buyers, including those from abroad, are willing to pay a premium for properties in desirable neighborhoods.

  • Sales Volume:
    Recent transaction activity has increased as buyers move quickly to secure properties before prices rise further. New housing projects and government initiatives (such as incentives for first-time buyers and urban renewal programs) have also helped boost sales.

  • Rental Market:
    Rental demand is exceptionally high due to limited inventory. Rents have risen significantly in many neighborhoods, driven by a combination of local demand from families, students, and young professionals, as well as new immigrants who prefer to rent before buying.

2. Properties for Sale

  • Residential Properties:
    The market offers a wide range of residential options, from historic stone walk-ups to modern luxury condominiums. Prices vary widely by neighborhood, with central and prestigious areas commanding higher prices. Buyers can expect to pay premium rates for properties in neighborhoods with historical and cultural significance, while more affordable options are available in outlying areas.

  • Commercial Properties:
    Although smaller than the residential sector, the commercial market, including offices, retail spaces, and hotels, is growing steadily. Demand is fueled by Jerusalem’s status as a governmental and cultural hub. New commercial developments, often integrated into mixed-use projects, are emerging in key business areas.

  • Luxury Segment:
    Jerusalem’s luxury market is vibrant, with high-end apartments, penthouses, and restored heritage properties attracting wealthy buyers from around the world. These properties, especially those with unique historical features or premium locations, often fetch multi-million-dollar prices.

  • New Developments:
    In response to the housing shortage, many new construction projects are underway. These range from small-scale residential infills to large-scale, modern apartment complexes. Urban renewal initiatives are transforming older neighborhoods into modern residential areas while attempting to preserve some of the city’s historic character.

3. Rental Market

  • Long-Term Rentals:
    The long-term rental market in Jerusalem is very competitive. With low vacancy rates, tenants often face bidding wars and significant rent increases. In many desirable neighborhoods, rent hikes have been substantial over the past year. A combination of factors, such as new immigrants renting on arrival and the overall scarcity of available units, has driven up rental prices significantly.

  • Short-Term Rentals:
    Tourism plays an important role in Jerusalem’s real estate. Many property owners take advantage of platforms like Airbnb to cater to tourists, especially in areas near the Old City and popular markets. While short-term rentals can be very profitable due to high nightly rates, there are emerging regulatory discussions aimed at balancing tourism with local residential needs.

4. Investment Opportunities

  • Prime vs. Emerging Areas:
    Investors have a choice between established prime areas (like central and historic neighborhoods) and emerging areas undergoing development or urban renewal. Prime areas tend to offer more stability and steady appreciation, while emerging neighborhoods may provide higher percentage gains if the area improves.

  • Rental Yields:
    While rental yields in Jerusalem tend to be modest, often in the range of 2.5% to 3.5% annually, they are balanced by strong long-term capital appreciation. Many investors view Jerusalem’s market as a safe, long-term investment rather than a high-yield cash-flow opportunity.

  • Strategies for ROI:
    Investors aiming for a return on investment might focus on properties in the city center or those with unique historical or luxury appeal. Other strategies include purchasing new construction or pre-sale units at a discount before values increase, as well as investing in properties that are likely to benefit from urban renewal programs.

5. Legal and Regulatory Considerations

  • Foreign Ownership:
    Foreigners are permitted to purchase property in Israel, including Jerusalem, with rights similar to local buyers. While much of the land in Jerusalem is leased on a long-term basis rather than sold outright, these arrangements are standard and do not generally impede ownership.

  • Tax Considerations:
    Buyers should be aware of purchase tax (Mas Rechisha), which is calculated on a progressive scale and tends to be higher for foreign investors compared to local first-time buyers. Additional taxes include annual municipal taxes (Arnona), income tax on rental income, and capital gains tax on the sale of properties.

  • Transaction Process:
    The property purchase process in Jerusalem is straightforward: a purchase contract is signed, a deposit is paid, and the sale is completed with registration at the Israel Land Registry. It is advisable for both local and foreign buyers to work with qualified legal and tax professionals to navigate these regulations.

6. Financing Options

  • Mortgage Availability:
    Israeli banks do offer mortgages to foreign buyers, though the terms are typically more conservative than those offered to citizens. For non-residents, financing is generally limited to around 50% of the property’s value, with some additional options available under certain conditions.

  • Interest Rates and Terms:
    Mortgage rates in Israel have been rising in line with central bank policy. Loans are typically structured in multiple tranches (fixed, variable, or inflation-linked), and non-resident buyers might face slightly higher rates or additional fees. It is common for banks to require a local bank account, auto-debit arrangements, and even life insurance covering the loan amount.

  • Preparation and Documentation:
    Prospective buyers should prepare detailed documentation of their income and financial history. Working with a mortgage broker who is experienced with foreign clients can be beneficial in finding the best financing options.

7. Future Outlook

  • Supply and Demand Dynamics:
    While the influx of new developments is expected to gradually ease the housing shortage, demand in Jerusalem is likely to remain robust due to ongoing population growth and its global appeal. In the near term, the supply is still not sufficient to meet demand, keeping prices and rents high.

  • Price and Rental Projections:
    Most analysts anticipate moderate, steady price growth rather than rapid surges, particularly after the strong run-ups seen in recent years. Rental rates are also expected to continue rising in line with demand, although potential regulatory changes regarding short-term rentals could have some impact.

  • Influencing Factors:
    Key factors influencing the future include interest rate changes, the level of foreign investment, government policy regarding housing, improvements in infrastructure (such as new public transit lines), and the overall geopolitical climate. A stable political environment and continuous development initiatives are expected to support long-term growth in Jerusalem’s property market.

  • Overall Market Resilience:
    Despite some short-term fluctuations, Jerusalem’s real estate market is viewed as a resilient, long-term investment. Its unique historical, cultural, and political significance makes it a “safe haven” for many investors, and this underlying appeal is expected to support ongoing capital appreciation and sustained demand.

Jerusalem Property Prices, Rent & Rental Yield Updates

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May 14, 2026
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Katamon Pinui Binui Approval Signals a New Test for Jerusalem Housing

May 13, 2026
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May 13, 2026
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Caesarea vs Jerusalem Luxury Real Estate: Where Wealthy Buyers Are Moving in 2026

May 13, 2026
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Israel Property Prices by RegionLive sale prices, rents and yields for 203 cities - pick a region
North45
AfulaAhihudAkkoAmirimBar YohayBeit She'anBen AmmiBustan HagalilEn Ya'aqovGesher HaziwGivat AvniHad-nesHaifaHatzor HaGlilitHosenKarmielKatzrinKefar HananyaKefar KishKefar YehezqelKefar YehoshuaKiryat AtaKiryat BialikKiryat MotzkinKiryat ShmonaKiryat Tiv'onKiryat YamMa'alot-TarshihaMe'onaMigdal HaEmekMikhmannimMishmar HayardenNahariyaNesherNof HaGalilPoriyya IllitPoriyya-newe OvedRosh PinnaSafedTel AdashimTiberiasTimratTirat CarmelYokne'am IllitYoqne'am(moshava)
Center90
Ahi'ezerAhisamakhAhituvAzorBahanBat YamBen Shemen (moshav)Ben ZakkayBene AtarotBet El'azariBet Yizhaq-sh. HeferBinyamina-Givat AdaBnei BrakCaesareaEl'adElishamaElyakhinEn WeredEven YehudaGan YavneGanei TikvaGe'alyaGederaGeva KarmelGiv'at KoahGivat ShmuelGivatayimHaderaHagorHarishHemedHerutHerzliyaHod HaSharonHolonKadima-ZoranKefar SirkinKefar TrumanKfar SabaKfar YonaKiryat EkronKiryat OnoLapidLodMa'orMattanMazkeret BatyaMegadimMishmar Hashiv'aModi'in-Maccabim-Re'utNes TzionaNetanyaNewe YaminNewe YaraqNizzane OzNofekhNordiyyaOleshOr AkivaOr YehudaPardes Hanna-KarkurPardesiyyaPetah TikvaPetahyaRa'ananaRamat GanRamat HaSharonRamlaRehovotRinnatyaRishon LeZionRishponRosh HaAyinSede HemedSede WarburgSede YizhaqSha'ar EfrayimShohamTel Aviv-YafoTel MondTenuvotUdimYad RambamYagelYavneYazizYehud-MonossonZafriyyaZerufaZikhron Ya'akov
South24
AradAshdodAshkelonBe'er OraBe'er ShevaDimonaEilatHazavHodiyyaKiryat GatKiryat MalachiKokhav Mikha'elMeitarMitzpe RamonNetivotNitzanOfakimOmerSderotSede ZeviShafirShetulimYerohamYinnon
Jerusalem & Judea-Samaria44
Ale ZahavAmminadavArielAvne HefezBarqanBeit ShemeshBeitar IllitBeqoaBet HoronBet ZayitElqanaEnavEshta'olEtz EfraimEven SappirGiv'at Ye'arimGiv'at Ze'evGiv'on HahadashaHar GilloImmanuelJerusalemKefar UriyyaLi-onMa'ale AdumimMa'ale EfrayimMa'ale MikhmasMevaseret ZionMevo BetarMevo DotanMigdalimModi'in IllitNa'aleNewe IlanNiliNofimNoqedimOraQedarQiryat ArbaSal'itSha'arei TikvaShoreshYaqirZelafon
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