Property Prices in Ulaanbaatar, Mongolia

Index Info
Price to Income Ratio: 12.26
Mortgage as Percentage of Income: 145.09%
Loan Affordability Index: 0.69
Price to Rent Ratio - City Centre: 12.23
Price to Rent Ratio - Outside of Centre: 8.93
Gross Rental Yield (City Centre): 8.17%
Gross Rental Yield (Outside of Centre): 11.20%
Rent Per Month
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1 Bedroom Apartment in City Centre ₮2,033,926.55 2,000,000.00-2,500,000.00
1 Bedroom Apartment Outside of City Centre ₮1,589,498.46 1,300,000.00-2,000,000.00
3 Bedroom Apartment in City Centre ₮5,936,933.68 4,756,445.81-6,068,099.00
3 Bedroom Apartment Outside of City Centre ₮3,580,147.40 3,000,000.00-4,033,501.10
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre ₮645,493.51 515,607.58-826,830.17
Price per Square Feet to Buy Apartment Outside of Centre ₮320,280.56 308,435.53-353,028.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) ₮2,120,104.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 10.32 6.00-16.80

These data are based on 95 entries from 15 contributors over the past 18 months.
Last update: 13 May 2026

Sources and References
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