# Property Prices Essen 2026

> Apartments in Essen cost a median €2,845 per m². Range, cold rent, gross rental yield and market activity, updated daily.

Canonical: https://www.investbud.de/en/property-prices/nordrhein-westfalen/essen
Last updated: 2026-11-04

In Essen, apartments are currently offered at a median €2,845 per m²; the middle half of listings lies between €2,218 and €3,881. A typical flat of 82 m² costs €230,000. Newly let flats ask €9.54 per m² in cold rent, for a gross rental yield of 4.0% or a price-to-rent multiple of 24.9.

As of November 4, 2026

- Price per m² (median): €2,845 (Range €2,218 – €3,881)
- Typical price: €230,000 (for 82 m²)
- Cold rent per m²: €9.54
- Gross rental yield: 4.0%
- Price-to-rent multiple: 24.9
- Listings: 819
- Days on market (median): 15
- Listings with a price cut: 5%

## How Essen compares

At €2,845 per m², Essen ranks 109 among the 200 cities with the most listings in North Rhine-Westphalia, counted from the cheapest. That is 15% less than the North Rhine-Westphalia median (€3,329). Flats are off the market after a median 15 days; supply is tight.

## Prices by number of rooms

| Name | Price per m² | Typical price | Listings |
| --- | --- | --- | --- |
| 1 room | €2,523 | €99,650 | 42 |
| 2 rooms | €2,652 | €149,000 | 213 |
| 3 rooms | €2,834 | €238,950 | 367 |
| 4 rooms or more | €3,118 | €419,000 | 197 |

## Similarly priced places

- Hemer: €2,823 / m²
- Waltrop: €2,841 / m²
- Wiehl: €2,842 / m²
- Erkrath: €2,850 / m²
- Halle (Westfalen): €2,852 / m²
- [Bielefeld](https://www.investbud.de/en/property-prices/nordrhein-westfalen/bielefeld): €2,854 / m²

Medians of asking prices and asking rents of publicly listed apartments, recomputed daily. Asking prices are not sale prices and not a valuation under § 194 BauGB; actual sale prices can differ.

## Frequently Asked Questions

### What does an apartment in Essen cost?

A median €2,845 per m²; a typical flat of 82 m² is offered for €230,000. The middle half of listings lies between €2,218 and €3,881 per m².

### What is the rental yield in Essen?

The gross rental yield is 4.0% and the price-to-rent multiple 24.9: a flat costs as much as 24.9 years of cold rent. After costs and financing less remains; an analysis works that out for a specific flat.

### Where do the figures come from?

From aggregated asking prices and rents of publicly listed apartments in Essen, recomputed daily. No individual listing is shown.

### How high are the closing costs in Essen?

A typical flat at the median price of €230,000 comes with about €26,611 in closing costs: €14,950 property transfer tax (6.5% in North Rhine-Westphalia), plus notary, land registry and possibly a broker. With a 20 % down payment, a buyer needs about €72,611 of equity.

## Related

- [Rental yield ranking North Rhine-Westphalia](https://www.investbud.de/en/rental-yield-ranking/nordrhein-westfalen)
- [Property market North Rhine-Westphalia](https://www.investbud.de/en/states/nordrhein-westfalen)
- [Rent prices in Essen](https://www.investbud.de/en/rent-prices/essen)
- [Estimate a flat's value](https://www.investbud.de/en/property-value-estimator)
- [Estimate the rent](https://www.investbud.de/en/rent-estimator)