Get all the data you need about the real estate market in Chiang Mai
This article covers apartment purchase prices in Chiang Mai in 2026, across the city's main neighborhoods.
We constantly update this blog post so the data you see here always reflects the latest available market figures.
Whether you are comparing neighborhoods or trying to understand what your budget can realistically get you, this guide breaks it all down simply.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Chiang Mai.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive Chiang Mai neighborhood for apartments | Hai Ya |
| Most affordable Chiang Mai neighborhood for apartments | Mae Hia |
| Average price per square meter across all Chiang Mai neighborhoods | THB 83,000 |
| Median apartment price across Chiang Mai | THB 3,100,000 |
| Lowest realistic starting budget to buy a Chiang Mai apartment | THB 1,250,000 |
| Most expensive apartment type in Chiang Mai | Two-bedroom apartment |
| Most affordable apartment type in Chiang Mai | Studio apartment |
| Average price for a studio apartment in Chiang Mai (2026) | THB 2,500,000 |
| Average price for a one-bedroom apartment in Chiang Mai (2026) | THB 3,200,000 |
| Average price for a two-bedroom apartment in Chiang Mai (2026) | THB 5,000,000 |
| Price gap between the most and least expensive Chiang Mai neighborhoods | THB 47,000 per sqm (Hai Ya vs Mae Hia) |
| Price range across Chiang Mai apartment neighborhoods | THB 60,000 to THB 107,000 per sqm |
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Chiang Mai neighborhoods in 2026 ranked by apartment purchase price
This table ranks the main neighborhoods in Chiang Mai by apartment purchase price, from the most expensive to the most affordable.
For each neighborhood, you will find the average price per square meter, the median property price, the starting budget, the average price for a studio, a one-bedroom, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you will find much more detailed data in our real estate pack about Chiang Mai.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hai Ya | THB 107,000 | THB 3,970,000 | THB 2,300,000 | THB 3,210,000 | THB 4,070,000 | THB 6,420,000 | Central-location professionals seeking premium condo living close to the moat | Walking distance to the moat, good hospital access, airport road connectivity, and a strong selection of newer premium condo buildings south of the Old City | Tourist and traffic spillover reduces the quiet feel, and the best projects price out buyers on tighter budgets | Luxury |
| 2 | Night Bazaar / Chang Khlan | THB 105,000 | THB 4,060,000 | THB 1,900,000 | THB 3,150,000 | THB 3,990,000 | THB 6,300,000 | Investor-landlord buyers looking for central Chiang Mai apartments with strong rental appeal | Prime central location, riverside access, nearby malls and hotels, and consistently high rental demand for serviced-style apartments | Busy tourist corridor, older and mixed-quality building stock, and large price gaps between individual projects in the same area | Luxury |
| 3 | Central Festival / Fa Ham | THB 89,000 | THB 3,200,000 | THB 1,250,000 | THB 2,680,000 | THB 3,390,000 | THB 5,350,000 | First-home urban buyers wanting modern Chiang Mai condo supply at a more accessible price | Good supply of modern condos, mall-led convenience, and easier parking than tighter inner-city districts | Less historic charm than the moat area or Nimman, and walkability is weaker than the city's central pockets | Premium |
| 4 | Wat Ket / Riverside East | THB 89,000 | THB 3,270,000 | THB 1,700,000 | THB 2,660,000 | THB 3,370,000 | THB 5,320,000 | Lifestyle upgraders drawn to Chiang Mai's riverside feel and newer apartment towers | Riverside atmosphere, newer condo buildings, and easier access to the train station and hospitals than west-side neighborhoods | The best projects price significantly higher than the average, and some older buildings feel dated next to newer stock | Premium |
| 5 | Jed Yod / Ched Yod | THB 85,000 | THB 2,880,000 | THB 1,900,000 | THB 2,550,000 | THB 3,230,000 | THB 5,110,000 | University-linked buyers and young professionals wanting practical Chiang Mai city living | Close to Chiang Mai University demand, good ring road links, cafes, and a practical everyday residential feel | Less polished than the top luxury zones, with uneven street character and varying building quality across the area | Premium |
| 6 | Airport / Mahidol Road | THB 80,000 | THB 3,090,000 | THB 1,800,000 | THB 2,410,000 | THB 3,050,000 | THB 4,810,000 | Frequent travellers and mobile households prioritizing fast airport access from their Chiang Mai apartment | Fast access to Chiang Mai International Airport, good retail convenience, and practical condo living for buyers who travel often | Road noise, heavy traffic on the main corridor, and less neighborhood charm than Nimman or riverside pockets | Mid-Market |
| 7 | Nimman | THB 79,000 | THB 3,200,000 | THB 1,590,000 | THB 2,380,000 | THB 3,010,000 | THB 4,750,000 | Lifestyle-focused buyers drawn to Chiang Mai's most well-known cafe and expat district | Chiang Mai's best-known expat and cafe district, strong resale visibility, and good walkability for everyday errands | Entry prices are still high relative to unit size, and parking and traffic frustrations are common complaints | Mid-Market |
| 8 | Nong Pa Khrang / Business Park | THB 79,000 | THB 2,720,000 | THB 1,250,000 | THB 2,360,000 | THB 2,990,000 | THB 4,730,000 | Value-seeking professionals wanting good access to offices and mall zones without paying central Chiang Mai prices | Better value than the west side, practical access to offices, mall corridors, and ring roads, and a solid entry price for the size | More car-dependent than central areas, and less prestigious in buyer perception than west-side Chiang Mai neighborhoods | Mid-Market |
| 9 | Pa Daet | THB 78,000 | THB 2,990,000 | THB 2,000,000 | THB 2,350,000 | THB 2,980,000 | THB 4,700,000 | South-side Chiang Mai buyers looking for practical city access at mid-market prices | Reasonable access to the south side of Chiang Mai and generally more affordable than the prime central apartment belts | Thinner condo supply means fewer buildings to choose from and less depth in the local apartment market | Mid-Market |
| 10 | Suthep / Chiang Mai University Fringe | THB 75,000 | THB 3,500,000 | THB 1,800,000 | THB 2,240,000 | THB 2,840,000 | THB 4,490,000 | Student-rental investors and buyers relying on Chiang Mai University demand to support occupancy | Reliable university-driven demand and strong familiarity for local Chiang Mai buyers and landlords | Unit mix can skew small, and some buildings are older or more heavily investor-oriented than owner-occupied | Mid-Market |
| 11 | Santitham / Inner Chang Phueak | THB 70,000 | THB 2,100,000 | THB 1,750,000 | THB 2,100,000 | THB 2,660,000 | THB 4,200,000 | Budget-conscious city buyers wanting to stay close to Nimman and the Old City at a lower Chiang Mai price point | Close to Nimman and the Old City at a meaningfully lower price, with strong everyday local convenience | Streetscape is less polished than premium areas, and resale performance depends heavily on individual building quality | Affordable |
| 12 | Mae Hia | THB 60,000 | THB 3,930,000 | THB 3,000,000 | THB 1,800,000 | THB 2,280,000 | THB 3,610,000 | Space-first households prioritizing a lower price per square meter and a greener feel south of Chiang Mai | Lowest price per sqm in this ranking, greener surroundings than the inner city, and easier road access heading south | Very thin condo supply means buyers have few buildings to choose from and lower resale liquidity than more central areas | Affordable |
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Key insights about apartment purchase prices in Chiang Mai
Insights
- Chiang Mai's most expensive apartment areas are not in the suburbs. Hai Ya and Chang Khlan, both inner-city zones, lead on price per sqm, showing that central convenience drives premium pricing more than any other factor in this market.
- Nimman is Chiang Mai's most famous expat neighborhood, but it ranks only 7th by price per sqm at around THB 79,000. Buyers are paying for lifestyle visibility, not the highest-priced real estate in the city.
- The price gap between Chiang Mai's most and least expensive neighborhoods (Hai Ya at THB 107,000 vs Mae Hia at THB 60,000 per sqm) is about 78%, which is a wide spread for a single mid-sized city.
- A two-bedroom apartment in Chiang Mai typically costs about 1.9 to 2.0 times what a one-bedroom costs in the same neighborhood, making the step-up relatively predictable across the city.
- Mae Hia has the lowest price per sqm in Chiang Mai, but its starting budget (around THB 3,000,000) is not the city's lowest. Thin condo supply means fewer affordable entry options even in the cheapest area by sqm rate.
- Santitham gives buyers near-central Chiang Mai access at around THB 70,000 per sqm, which is about 53% cheaper per sqm than Hai Ya, making it one of the most underappreciated value neighborhoods in the city.
- Central Festival / Fa Ham has moved above Wat Ket in overall pricing, which shows that east-side modern condo supply has now reached mainstream premium status in the Chiang Mai market.
- In Chiang Mai, building quality within a neighborhood matters almost as much as the neighborhood itself. Areas like Chang Khlan and Wat Ket can show very wide price differences between an older building and a new project on the same street.
- Most central Chiang Mai neighborhoods cluster around a median apartment price of THB 3,000,000 to THB 4,100,000. The city does not have the extreme high-end outliers you find in Bangkok's top districts.
- For beginner buyers, the best entry-price-to-convenience balance in Chiang Mai is in Fa Ham and Nong Pa Khrang, where THB 1,250,000 starting budgets are realistic and modern condo supply is deeper than in smaller suburban zones.
- The Airport / Mahidol Road corridor stays liquid in Chiang Mai because buyers value transport practicality. It is a reminder that proximity to Chiang Mai International Airport is a real pricing driver, not just a secondary consideration.
- Chiang Mai's condo market is far more segmented than Bangkok's. Neighborhood-level averages are useful starting points, but the right strategy is to rank by neighborhood first and then shortlist the strongest individual buildings within that zone.
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About our methodology
To build this overview of Chiang Mai apartment purchase prices in 2026, we combined three types of data: official macro statistics from the Real Estate Information Center (REIC) and the Bank of Thailand, neighborhood-level condo medians from established Thai property portals, and live listing entry-price signals from FazWaz and PropertyScout.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Chiang Mai.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Chiang Mai neighborhood, we aggregated the freshest apartment purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median property price for each neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase in Chiang Mai.
For each apartment category, we kept sizing consistent across the city: roughly 30 sqm for a studio, 38 sqm for a one-bedroom, and 60 sqm for a two-bedroom. Prices were then estimated from each neighborhood's average price per sqm, which keeps the table comparable across all 12 areas.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local Chiang Mai ownership conditions and price levels.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Chiang Mai.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Chiang Mai, we rely on verifiable sources and a transparent methodology.
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 it's authoritative | How we used it |
|---|---|---|
| Real Estate Information Center (REIC) | Thailand's main official real estate data center, operating under the Government Housing Bank. | We used REIC to ground the Chiang Mai apartment analysis in official housing-market context. It helped us avoid relying solely on listing portals and allowed us to check broader market conditions. |
| Bank of Thailand Residential Property Price Index | The Thai central bank's official property price index series, covering regional trends across the country. | We used it to confirm that northern-region housing prices remained elevated into early 2026. It served as a macro cross-check against neighborhood-level asking prices from listing portals. |
| Bank of Thailand Regional Statistics | The central bank's official regional statistics hub, covering economic and financial data by province. | We used it to anchor the Chiang Mai analysis in current northern-region economic data. It supported the market-read section rather than neighborhood pricing itself. |
| FazWaz Chiang Mai Condos | One of Thailand's major residential portals, with visible median condo prices and median price per square meter by neighborhood. | We used FazWaz as the main pricing backbone for neighborhood medians throughout Chiang Mai. It provided the clearest area-level price-per-sqm data for ranking and comparison. |
| FazWaz Chiang Mai Night Bazaar Condos | A direct area-level condo page with a visible median price and price per sqm for the Chang Khlan zone. | We used it to price the Night Bazaar and Chang Khlan apartment market. It served as one of the strongest central-market reference points in the dataset. |
| FazWaz Hai Ya Condos | A direct district condo page showing medians and price-per-sqm data for Hai Ya, one of Chiang Mai's highest-priced apartment areas. | We used it to price the premium south-inner-city apartment market. Hai Ya showed one of the highest condo price-per-sqm levels in the entire Chiang Mai dataset. |
| FazWaz Wat Ket Condos | A direct district condo page with visible medians for the Wat Ket riverside area east of the city center. | We used it to represent the Wat Ket apartment market and compare newer east-side stock with older inner-city condo areas. |
| FazWaz Central Chiangmai / Fa Ham Condos | A direct area condo page with visible medians near Central Festival mall, one of Chiang Mai's strongest mass-market condo clusters. | We used it to price the Fa Ham and Central Festival apartment corridor. It helped capture one of the city's best-supplied and most accessible condo zones. |
| PropertyScout Chiang Mai Condos | A large Thailand residential platform with area-specific inventory and visible entry prices across Chiang Mai. | We used PropertyScout to sanity-check entry budgets and live stock depth. It was especially useful for verifying realistic starting budget signals across neighborhoods. |
| PropertyScout Nimmanhaemin Condos | A neighborhood-specific page on a recognized Thailand portal, covering Nimman condo listings and entry pricing. | We used it to check Nimman entry pricing and listing depth. It helped us avoid overstating Nimman's price floor in the ranking. |
| DDproperty Chiang Mai Condo Listings | One of Thailand's largest established residential property portals, with broad Chiang Mai condo coverage. | We used DDproperty to validate that active Chiang Mai condo supply was deep enough for neighborhood comparison. It served as a secondary portal check against FazWaz and PropertyScout data. |
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