Property Prices in Chiang Mai, Thailand

Index Info
Price to Income Ratio: 10.67
Mortgage as Percentage of Income: 84.50%
Loan Affordability Index: 1.18
Price to Rent Ratio - City Centre: 21.02
Price to Rent Ratio - Outside of Centre: 20.76
Gross Rental Yield (City Centre): 4.76%
Gross Rental Yield (Outside of Centre): 4.82%
Rent Per Month
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Apartment (1 bedroom) in City Centre 13,668.38 ฿ 8,500.00-20,000.00
Apartment (1 bedroom) Outside of Centre 7,343.75 ฿ 5,000.00-10,000.00
Apartment (3 bedrooms) in City Centre 25,888.89 ฿ 15,000.00-40,000.00
Apartment (3 bedrooms) Outside of Centre 16,166.67 ฿ 10,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,961.23 ฿ 3,716.09-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre 3,400.22 ฿ 2,322.56-7,246.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 23,611.11 ฿
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.00 3.00-7.00

These data are based on 115 entries from 27 contributors over the past 18 months.
Last update: April 2025

Sources and References
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