How Much Does a House Cost in Vietnam? Prices in VND & USD
House prices in Vietnam range from VND 1.5 billion (~$58,000) for a basic apartment in provincial cities to over VND 50 billion (~$1.9M) for luxury villas in Hanoi and Ho Chi Minh City. In 2025–2026, primary apartment prices average $3,852/m² in Hanoi and $6,113/m² in HCMC — up 32% and 65% year-on-year respectively. Da Nang averages $1,400–$2,000/m² for apartments, making it the most affordable major city for foreign teachers and expats. Exchange rate used: VND 25,500 = $1 USD (2025–2026 average).
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How Much Does a House Cost in Vietnam? City-by-City Overview
Vietnam house prices vary significantly by city, property type, and proximity to the city center. Hanoi and HCMC are the most expensive markets, with primary apartment prices averaging $3,852–$6,113/m² in Q4/2025. Da Nang offers lower entry points at $1,400–$2,000/m² for apartments, while landed properties (houses with land) command 3–4× the apartment price per m² across all three cities.
| City | Avg Primary Apt ($/m²) | Typical 2BR Apt Price (USD) | Typical 2BR Apt Price (VND) | Price Growth 2021–2025 |
|---|---|---|---|---|
| Hanoi | $3,852 | $140,000–$220,000 | 3.5–5.6 tỷ | +112% |
| Ho Chi Minh City | $6,113 | $160,000–$280,000 | 4.1–7.1 tỷ | +42% |
| Da Nang | $1,400–$2,000 | $65,000–$120,000 | 1.7–3.1 tỷ | +53% |
How Much Does a House Cost in Hanoi?
In Hanoi, the average primary apartment price reached $3,852/m² in Q4/2025, representing a 32% year-on-year increase, despite a 10% quarterly dip driven by a higher share of mid-range units. A typical 2-bedroom apartment (60–75 m²) costs VND 3.5–5.6 billion ($140,000–$220,000). Landed properties — houses with land use rights — averaged $9,917/m² in Q4/2025, down 8% QoQ but still elevated. Hanoi’s apartment price index increased 96.2% from 2023 to 2025.
| Property Type | Price Range (USD) | Price Range (VND) | Typical Size |
|---|---|---|---|
| Studio / 1BR Apartment | $80,000–$140,000 | 2.0–3.6 tỷ | 30–50 m² |
| 2BR Apartment | $140,000–$220,000 | 3.5–5.6 tỷ | 60–75 m² |
| 3BR Apartment | $200,000–$380,000 | 5.1–9.7 tỷ | 80–100 m² |
| Landed Property (townhouse/villa) | $300,000–$1,500,000+ | 7.7–38 tỷ+ | varies |
Hanoi added approximately 24,500 new apartment units in 2025, with most supply concentrated in suburban districts (Gia Lam, Dong Anh, Hoai Duc). No new developments have launched below VND 60 million/m² ($2,353/m²) since Q3/2024. For 2026–2028, over 68,000 new units are projected, primarily in satellite zones.
Planning your finances as a teacher in Vietnam? See The Average Salary for Teaching English in Vietnam: 2026 Comprehensive Guide for a full income breakdown.
How Much Is a House in Ho Chi Minh City?
HCMC is Vietnam’s most expensive residential market, with primary apartment prices averaging $6,113/m² in Q4/2025 — a 65% year-on-year increase and 16% higher than Q3/2025. A typical 2-bedroom unit (65–80 m²) costs VND 4.1–7.1 billion ($160,000–$280,000). The luxury segment — which dominated 57% of new supply in Q4/2025 — pushes average prices above $6,000/m². New supply totaled just 3,358 units in Q4/2025, up 5× from Q3 but only 4% above Q4/2024, with a 62% absorption rate — the highest in 2025.
| Property Type | Price Range (USD) | Price Range (VND) | Typical Size |
|---|---|---|---|
| Studio / 1BR Apartment | $100,000–$180,000 | 2.6–4.6 tỷ | 30–50 m² |
| 2BR Apartment | $160,000–$280,000 | 4.1–7.1 tỷ | 65–80 m² |
| 3BR Apartment | $260,000–$520,000 | 6.6–13.3 tỷ | 90–120 m² |
| Landed Property (townhouse/villa) | $400,000–$2,000,000+ | 10.2–51 tỷ+ | varies |
How Much Does a House Cost in Da Nang?
Da Nang is the most affordable major city for foreigners in Vietnam, with apartments averaging VND 35–50 million/m² ($1,400–$2,000/m²) in 2025. In Q3/2025, Da Nang real estate prices rose 25% year-on-year, driven by tourism, logistics investment, and the administrative merger with Quảng Nam province. Since Q1/2023, apartment prices have increased 50% and land plot prices 68%. Da Nang and Khánh Hòa capture 84% of total property search interest in Central Vietnam.
| Property Type | Price Range (USD) | Price Range (VND) | Typical Size |
|---|---|---|---|
| Studio / 1BR Apartment | $40,000–$80,000 | 1.0–2.0 tỷ | 30–50 m² |
| 2BR Apartment | $65,000–$120,000 | 1.7–3.1 tỷ | 60–75 m² |
| 3BR Apartment | $100,000–$180,000 | 2.6–4.6 tỷ | 80–100 m² |
| Landed Property / Villa | $150,000–$600,000+ | 3.8–15.3 tỷ+ | varies |
How Much Is a 3-Bedroom House in Vietnam?
A 3-bedroom apartment in Vietnam costs $200,000–$520,000 USD (VND 5.1–13.3 billion) depending on the city, with Hanoi averaging $200,000–$380,000 and HCMC ranging from $260,000–$520,000 for new primary market units in 2025 (based on Cushman & Wakefield Q4/2025 avg prices applied to 80–100 m² units). Da Nang offers the most affordable 3BR options at $100,000–$180,000. Landed 3-bedroom properties (townhouse/shophouse) start at $300,000 in Hanoi’s suburban districts and exceed $1 million in central districts.
Budgeting for life in Hanoi? Read our Cost of Living in Hanoi, Vietnam guide for monthly expense breakdowns.
| City | 3BR Apt Size | Price Range (USD) | Price Range (VND) | Notes |
|---|---|---|---|---|
| Hanoi | 80–100 m² | $200,000–$380,000 | 5.1–9.7 tỷ | Mainly suburban; no supply <VND 60M/m² since Q3/2024 |
| Ho Chi Minh City | 90–120 m² | $260,000–$520,000 | 6.6–13.3 tỷ | Luxury-dominated market; 57% of new supply is luxury |
| Da Nang | 80–100 m² | $100,000–$180,000 | 2.6–4.6 tỷ | Best value for money; tourism-driven growth |
Vietnam Property Prices Chart: How Have Prices Changed Since 2021?
Vietnam property prices have surged across all major cities since 2021. Hanoi led national growth at +112% from 2021 to 2025, with its apartment price index rising 96.2% in the 2023–2025 period alone. HCMC grew a more modest +42% over the same 2021–2025 period. The steepest recent gains were in HCMC Q4/2025 at +65% YoY, while Hanoi’s Q4/2025 YoY gain was +32% .
| City | 2021–2025 Growth | Price Index 2023–2025 | YoY Growth Q4/2025 | Source |
|---|---|---|---|---|
| Hanoi | +112% | +96.2% | +32% (apartments) | Batdongsan; Tạp chí Xây dựng; C&W |
| Ho Chi Minh City | +42% | No Data | +65% (apartments) | Batdongsan; C&W |
| Da Nang | +53% | No Data | +25% (Q3/2025) | Batdongsan; kinhtetieudung.vn |
| Hai Phong | +71% | No Data | No Data | Batdongsan |
Can Foreigners Buy Property in Vietnam? What Are the Rules?
Foreigners can legally purchase apartments and landed properties in Vietnam under the 2023 Housing Law, with key restrictions: ownership is capped at 50-year renewable terms (not freehold), foreigners cannot own more than 30% of units in a single building, and are restricted to designated foreign-ownership projects. In 2024, foreign buyers completed over 2,800 property purchases in Hanoi alone, reflecting growing international demand. Vietnam attracted $6.3 billion in real estate FDI in 2024, a 35% increase from 2023.
| Rule | Details | Source |
|---|---|---|
| Ownership term | 50 years, renewable | Housing Law 2023 |
| Building cap | Max 30% of units per building | Housing Law 2023 |
| Property types | Apartments & landed properties in approved projects | Housing Law 2023 |
| Foreign purchases Hanoi 2024 | 2,800+ transactions | Ministry of Construction / Vietnam Investment Review 2025 |
| Real estate FDI 2024 | $6.3 billion (+35% YoY) | Ministry of Planning and Investment, C&W Q4/2024 |
Legal note: Foreign ownership rules are subject to change. Always consult a licensed Vietnamese real estate lawyer before purchasing property.
Frequently Asked Questions About Vietnam House Prices
Is property cheap in Vietnam for foreigners?
By regional standards, yes. Da Nang apartments average $1,400–$2,000/m², cheaper than Bangkok ($3,000–$5,000/m²) or Singapore ($15,000+/m²). However, Hanoi ($3,852/m²) and HCMC ($6,113/m²) now rival mid-tier Asian markets.
Can a foreign English teacher afford to buy property in Vietnam?
On a typical ESL teacher salary of VND 25–45 million/month ($980–$1,765/month), purchasing is difficult without savings or a mortgage. Most teachers rent. Entry-level Da Nang apartments start around $40,000–$65,000 — achievable with significant savings or a foreign mortgage.
What is the average house price in Vietnam in USD?
There is no single national average due to wide regional variation. Primary apartment averages in major cities as of Q4/2025: Hanoi $3,852/m², HCMC $6,113/m², Da Nang $1,400–$2,000/m². A typical 2-bedroom apartment costs $65,000–$280,000 depending on city and location.
Are Vietnam property prices still rising in 2026?
Yes, for Hanoi and HCMC. Cushman & Wakefield projects prices will remain elevated due to rising land costs and construction materials. However, rising mortgage rates — Vietcombank rates reached 9.6–13.9%/year as of January 28, 2026 — are beginning to slow absorption.
Where is the cheapest city to buy property in Vietnam?
Among major cities, Da Nang offers the lowest entry point at VND 35–50 million/m² ($1,400–$2,000/m²). Provincial cities like Can Tho, Hue, and Vinh have even lower prices, but these markets have limited foreign-ownership inventory and lower liquidity.
Do I need a visa to buy property in Vietnam?
You need a valid visa or temporary residence card to legally purchase property. A temporary residence card (TRC) is strongly recommended, as it simplifies the legal process and is required by many developers for foreign-name title registration.
MORE GUIDES FOR TEACHERS LIVING IN VIETNAM
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Can you please send me more information on rent a house in Vietnam thanks
Dear Nash Y, if you need more information about renting a house in Vietnam, please feel free to ask, and we will be happy to provide you with the information.
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Soy ingeniero en Acuicultura con bastante experiencia en producción de salmones, Mitilidos y también en plantas de procesamiento de productos del mar