YerevanEstateAnalytics · Data story
The most expensive and the cheapest district of Yerevan
In Aug 2026 the most expensive district of Yerevan is Kentron: $3,585 per m² in sale listings. The most affordable is Malatia-Sebastia at $1,738: a 2.1× gap.
Districts ranked by price per m²
| # | District | $ per m² | vs average | since Sep 2025 | New builds |
|---|---|---|---|---|---|
| 1 | Kentron | $3,585 | +53% | +15% | 43% |
| 2 | Arabkir | $2,463 | +5% | +20% | 49% |
| 3 | Davtashen | $2,118 | -10% | +18% | 65% |
| 4 | Nork-Marash | $2,028 | -13% | +10% | 93% |
| 5 | Kanaker-Zeytun | $2,015 | -14% | +18% | 50% |
| 6 | Ajapnyak | $1,914 | -18% | +23% | 44% |
| 7 | Avan | $1,895 | -19% | +27% | 50% |
| 8 | Erebuni | $1,778 | -24% | +18% | 12% |
| 9 | Nor Nork | $1,756 | -25% | +24% | 33% |
| 10 | Malatia-Sebastia | $1,738 | -26% | +23% | 27% |
Not rated: Nubarashen and Shengavit — fewer than 30 listings in the month.
Expensive districts
At the top: Kentron ($3,585), Arabkir ($2,463) and Davtashen ($2,118). These districts have the highest price per m² and, as a rule, the largest share of listings in new builds.
Affordable districts
At the bottom: Malatia-Sebastia ($1,738), Nor Nork ($1,756) and Erebuni ($1,778). The share of secondary housing and panel buildings is higher here, so a m² is noticeably cheaper.
For the same money you get 2.1× more floor area in Malatia-Sebastia than in Kentron: $3,585 versus $1,738 per m².
The numbers are averages of listings for Aug 2026, not sale prices. Districts with fewer than 30 listings in the month are not shown. Methodology and limits · Monthly report
Frequently asked questions
- Which district of Yerevan is the most expensive?
- Kentron: $3,585 per m² in Aug 2026, by sale listings.
- Which district of Yerevan is the cheapest?
- Among districts with enough listings — Malatia-Sebastia: $1,738 per m² in Aug 2026.
- How much more expensive is the centre than the outskirts?
- The gap between Kentron and Malatia-Sebastia is 2.1× in price per m².