Istanbul vs Izmir
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Istanbul vs Izmir
Izmir is 27% more affordable for homebuyers. Istanbul has a price-to-income ratio of 8.5x compared to 7.2x in Izmir.
| Metric | Istanbul | Izmir |
|---|---|---|
| Avg Home Price | $150,000 | $110,000 |
| Price / sqm | $2,200 | $1,800 |
| Rent (1BR) | $500/mo | $400/mo |
| Rent (3BR) | $900/mo | $700/mo |
| Price-to-Income | 8.5x | 7.2x |
| Mortgage Rate | 42.0% | 42.0% |
| 1yr Change | +35.0% | +30.0% |
| Median Income | $18,000/yr | $15,000/yr |
| Population | 15,500,000 | 4,400,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Istanbul or Izmir more expensive?
Izmir is more affordable. Home prices differ by $40,000 (27%).
Which city has cheaper rent, Istanbul or Izmir?
Rent for a 1BR in Istanbul is $500/mo vs $400/mo in Izmir.
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