Morocco House Prices, Rents & Rental Yields (2026)
How much property costs in Morocco, what it rents for and how that compares with neighbouring markets in Africa. City-centre prices per m² rank 3 of 9 in this comparison; gross yields rank 6 of 8.
- Apartment price per m² (city centre)
- $1,560
- 2023
- Apartment price per m² (outside centre)
- $858
- 2023
- Gross rental yield (city centre)
- 4.8%
- 2024
- Price-to-income ratio
- 15.9
- 2024
- Rent: 1-bedroom, city centre
- $413/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 5.3%
- 2023
Price and rent trends in Morocco
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,560 | 2023 | -4.5% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $858 | 2023 | -9.6% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 15.9 | 2024 | +12.0% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 4.8% | 2024 | +0.2 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 21 | 2024 | -3.2% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $413/mo | 2024 | +25.4% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $187/mo | 2023 | -13.7% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $622/mo | 2023 | -4.1% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $329/mo | 2023 | -16.2% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 5.3% | 2023 | +0.3 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 15.9 | 4.8% | 21 | $413/mo | — | — | — | — |
| 2023 | $1,560 | $858 | 14.2 | 4.6% | 21.7 | $329/mo | $187/mo | $622/mo | $329/mo | 5.3% |
| 2022 | $1,633 | $949 | 12.6 | 4.7% | 21.4 | $361/mo | $216/mo | $649/mo | $393/mo | 4.9% |
| 2021 | $1,994 | $984 | 13.5 | 4.6% | 21.6 | $370/mo | $214/mo | $736/mo | $356/mo | 4.8% |
| 2020 | $1,452 | $829 | 14.2 | 4.5% | 22.3 | $382/mo | $203/mo | $674/mo | $339/mo | 5.1% |
| 2019 | $1,693 | $838 | 14.7 | 4.6% | 21.7 | $350/mo | $186/mo | $679/mo | $363/mo | 5.1% |
| 2018 | $1,685 | $985 | 13.3 | 5.3% | 18.7 | $355/mo | $191/mo | $657/mo | $338/mo | 5.6% |
| 2017 | $1,633 | $925 | 14.4 | 5.0% | 20 | $385/mo | $214/mo | $718/mo | $380/mo | 6.1% |
Morocco compared with Africa
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Morocco | $1,560 | 4.8% | 15.9 | 5.3% |
| Algeria | $1,350 | 3.1% | 17.2 | 6.5% |
| Egypt | $631 | 6.4% | 16.2 | 12.8% |
| Tunisia | $928 | 4.8% | 13.4 | 10.8% |
| Cameroon | $1,942 | 8.8% | — | 19.3% |
| Ethiopia | $2,247 | 6.8% | 26.4 | 15.5% |
| Kenya | $966 | 7.1% | 12.1 | 14.3% |
| Nigeria | $835 | — | 28.2 | 14.3% |
| South Africa | $850 | 10.3% | 3.3 | 11.4% |
Related
- Properties for sale in Morocco (13)
- Mortgages in Morocco for foreigners
- Morocco market overview
- Tax rates in Morocco
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.