Apartment prices in Tel Aviv are the highest among the major cities in Israel. In the first quarter of 2023, the average cost of dwellings in Tel Aviv amounted to over *** million Israeli shekels (roughly **** million U.S. dollars). That was a slight rise compared to the previous quarter. The average price of apartments in the city slightly fluctuated but overall increased during the observed period. Due to the high housing prices in the city, many who wish to live in the city can afford only rented housing. The The number of households  living in rented dwellings in Tel Aviv amounted to ******* in 2020, making it the most common type of residency that year.  

High demand for housing in Tel Aviv 

Tel Aviv is the financial and cultural capital of Israel. Important companies in the Israeli economy and most of the influential cultural institutions in Israel are located in the city. As a result, many are interested in living in the city permanently, so housing prices remain high and even rise. Tel Aviv is the most important city in the Israeli high-tech industry, one of the most essential industries in the Israeli economy. As a result, many of the industry workers live in the city. In 2022, StartupBlink ranked Tel Aviv first in its list of leading cities for startups in Israel, with a score of 54.89. 

Residence in Jerusalem and Haifa is more affordable 

Jerusalem, the largest city in Israel, offers more affordable housing than Tel Aviv. In the first quarter of 2023, the aaverage price of apartments in Jerusalem amounted to just over *** million Israeli shekels (around ******* U.S. dollars). Although the price is lower than in Tel Aviv, many Israelis hesitate to reside there. Jerusalem has a traditional character; therefore, it has fewer leisure and nightlife options than Tel Aviv can offer. The standard price of dwellings in Haifa, the largest city in the northern part of Israel, is lower than both towns. In the same quarter, it reached almost **** million Israeli shekels (approximately ******* U.S. dollars).

In the first quarter of 2023, the average price of dwellings in Jerusalem in Israel amounted to just over *** million Israeli shekels (roughly ******* U.S. dollars). That was a decrease compared to the previous quarter. On the other hand, in the fourth quarter of 2022, the average price of dwellings in this city increased slightly.

Key information about House Prices Growth

• Israel house prices grew 7.3% YoY in Nov 2024, following an increase of 7.6% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1995 to Nov 2024, with an average growth rate of 4.8%.
• House price data reached an all-time high of 21.4% in May 1996 and a record low of -8.8% in May 2003.

CEIC calculates House Prices Growth from monthly Dwellings Price Index (Owner Occupied) . The Central Bureau of Statistics provides Dwellings Price Index (Owner Occupied) with base 1993=100. Dwellings Price Index is calculated monthly covering last 15 days of the previous month and first 15 days of the current month.

Housing Index in Israel decreased to 609.20 points in June from 609.80 points in May of 2025. This dataset provides - Israel House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Israel Dwellings Average Price: Jerusalem: 5.5 and 6 Rooms data was reported at 2,384.800 ILS th in Mar 2019. This records a decrease from the previous number of 2,864.700 ILS th for Dec 2018. Israel Dwellings Average Price: Jerusalem: 5.5 and 6 Rooms data is updated quarterly, averaging 2,862.300 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 3,036.600 ILS th in Mar 2017 and a record low of 2,384.800 ILS th in Mar 2019. Israel Dwellings Average Price: Jerusalem: 5.5 and 6 Rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

Graph and download economic data for Residential Property Prices for Israel (QILN628BIS) from Q1 1994 to Q1 2025 about Israel, residential, HPI, housing, price index, indexes, and price.

In the first quarter of 2023, the average price of dwellings in Haifa in Israel amounted to almost 1.64 million Israeli shekels (roughly 440,000 U.S. dollars). That was a slight increase compared to the previous quarter. The average price of residences in this city gradually increased during the observed period. Haifa is the third largest city in Israel.

Israel Dwellings Average Price: Haifa data was reported at 1,248.200 ILS th in Mar 2019. This records an increase from the previous number of 1,198.200 ILS th for Dec 2018. Israel Dwellings Average Price: Haifa data is updated quarterly, averaging 1,198.200 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 1,248.200 ILS th in Mar 2019 and a record low of 1,190.000 ILS th in Dec 2017. Israel Dwellings Average Price: Haifa data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

House price index in Israel, March, 2025 The most recent value is 232.5 index points as of Q1 2025, an increase compared to the previous value of 229 index points. Historically, the average for Israel from Q1 1994 to Q1 2025 is 112.36 index points. The minimum of 45.61 index points was recorded in Q1 1994, while the maximum of 232.5 index points was reached in Q1 2025. | TheGlobalEconomy.com

Israel Dwellings Average Price: Center: 1 and 2 Rooms data was reported at 911.100 ILS th in Mar 2019. This records a decrease from the previous number of 914.200 ILS th for Dec 2018. Israel Dwellings Average Price: Center: 1 and 2 Rooms data is updated quarterly, averaging 930.700 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 1,012.700 ILS th in Dec 2017 and a record low of 829.400 ILS th in Mar 2017. Israel Dwellings Average Price: Center: 1 and 2 Rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

Residential Property Prices in Israel increased 6.14 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Israel Residential Property Prices.

In the first quarter of 2023, the average price of dwellings in Israel amounted to nearly **** million Israeli shekels (roughly ******* U.S. dollars). That was a slight rise compared to the previous quarter. The average price of residences in Israel gradually increased during the observed period.

Israel Dwellings Average Price: Center data was reported at 1,752.100 ILS th in Mar 2019. This records an increase from the previous number of 1,745.100 ILS th for Dec 2018. Israel Dwellings Average Price: Center data is updated quarterly, averaging 1,753.100 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 1,832.300 ILS th in Mar 2017 and a record low of 1,736.800 ILS th in Mar 2018. Israel Dwellings Average Price: Center data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

In the first quarter of 2023, the average price of dwellings in Beer Sheva in Israel amounted to over *** million Israeli shekels (roughly ******* U.S. dollars). That was a slight increase compared to the previous quarter. On the other hand, in the third quarter of 2022, the average price of residences in this city decreased minimally. Be'er Sheva is considered the capital city of the Southern District and the biggest one in that area.

Real residential property prices Y-on-Y, percent change in Israel, December, 2024 The most recent value is 4 percent as of Q4 2024, an increase compared to the previous value of 2.66 percent. Historically, the average for Israel from Q1 1995 to Q4 2024 is 2.51 percent. The minimum of -9.59 percent was recorded in Q2 2003, while the maximum of 16.42 percent was reached in Q1 2010. | TheGlobalEconomy.com

Israel Dwellings Average Price: 3.5 and 4 Rooms data was reported at 1,462.000 ILS th in Mar 2019. This records a decrease from the previous number of 1,503.900 ILS th for Dec 2018. Israel Dwellings Average Price: 3.5 and 4 Rooms data is updated quarterly, averaging 1,509.200 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 1,536.000 ILS th in Sep 2018 and a record low of 1,462.000 ILS th in Mar 2019. Israel Dwellings Average Price: 3.5 and 4 Rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

Israel: Property rights index (0-100): The latest value from 2024 is 82 points, unchanged from 82 points in 2023. In comparison, the world average is 54 points, based on data from 180 countries. Historically, the average for Israel from 1995 to 2024 is 73 points. The minimum value, 70 points, was reached in 1995 while the maximum of 84 points was recorded in 2021.

As of 2023, there were nearly ******* households with two members in Israel. This household size was the most common that year, followed by households with **** members (******* households). In addition, nearly ******* people lived alone that year. In recent years, many Israeli residents have chosen to live alone in studio apartments due to high housing prices in Israel.

Israel Dwellings Average Price: Haifa: 1 and 2 Rooms data was reported at 610.500 ILS th in Mar 2019. This records an increase from the previous number of 582.300 ILS th for Dec 2018. Israel Dwellings Average Price: Haifa: 1 and 2 Rooms data is updated quarterly, averaging 594.400 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 641.500 ILS th in Sep 2018 and a record low of 550.700 ILS th in Mar 2017. Israel Dwellings Average Price: Haifa: 1 and 2 Rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

In 2023, the number of homes under active construction in the Central District of Israel amounted to over ******. This construction stage constituted the most common that year in this district. In addition, the number of residences at the beginning of construction reached roughly ******.