How much does an apartment cost in Mingəçevir?

Across 96 listings of the last 90 days, the median asking price for apartment sales in Mingəçevir is 76 500 AZN; the median per m² is 1 600 AZN.

How much does renting out an apartment in Mingəçevir earn?

Median monthly rent 325 AZN and median sale price 76 500 AZN give a gross annual yield of about 5.1%. The figure is based on asking prices; costs are not included.

Is Mingəçevir pricier than the Baku average?

The median apartment sale price per m² in Mingəçevir is 1 600 AZN versus 2 756 AZN for Baku — 41.9% below Baku. Figures are computed from asking-price listings of the last 90 days.

How many years does a rental apartment in Mingəçevir take to pay back?

With a gross annual yield of 5.1%, payback takes roughly 19,6 years (median monthly rent × 12 ÷ median sale price; taxes, vacancy and repairs are not included).

Where do these figures come from?

Prayk's market observation system collects prices of listings published in the last 90 days and processes them statistically every night: medians and quartiles are computed, outliers are excluded.

Mingəçevir — real estate market prices

Apartment sale — median: 76 500 AZN
Median price per m²: 1 600 AZN/m²
vs Baku: 41.9% below Baku
Apartment rent — median (monthly): 325 AZN
Gross annual yield: 5.1%
Payback period: ~19,6 years

Browse listings: Mingəçevir →

Sale price dynamics — apartments

+2.0% in 42 days

8/30/2026 · 75 000 AZN10/11/2026 · 76 500 AZN

Rent price dynamics — apartments

+170.8% in 49 days

8/23/2026 · 120 AZN10/11/2026 · 325 AZN

Prices by deal and property type

Group	Median (AZN)	AZN/m²	Range (AZN)	Listings	Sell (days)
Sale — Apartments	76 500	1 600	66 750–105 250	96	5
Sale — Houses & villas	68 000	691	53 500–99 000	63	5
Rent — Apartments	325	6	120–400	46	3
Sale — Land	11 000	—	6 000–28 000	33	2
Rent — Houses & villas	120	1	100–200

Prices by number of rooms

Group	Median (AZN)	AZN/m²	Range (AZN)	Listings	Sell (days)	30 days
Sale — Apartments · 2 rooms	72 000	1 691	66 000–82 375	38	3	0.0%
Sale — Houses & villas · 4 rooms	99 000	696	63 000–152 500	32	9	+54.7%
Sale — Apartments · 3 rooms	87 500	1 429	74 500–109 500	27	5	0.0%
Rent — Apartments · 3 rooms	350	6	120–400	21	2

Frequently asked questions

How much does an apartment cost in Mingəçevir?: Across 96 listings of the last 90 days, the median asking price for apartment sales in Mingəçevir is 76 500 AZN; the median per m² is 1 600 AZN.
How much does renting out an apartment in Mingəçevir earn?: Median monthly rent 325 AZN and median sale price 76 500 AZN give a gross annual yield of about 5.1%. The figure is based on asking prices; costs are not included.
Is Mingəçevir pricier than the Baku average?: The median apartment sale price per m² in Mingəçevir is 1 600 AZN versus 2 756 AZN for Baku — 41.9% below Baku. Figures are computed from asking-price listings of the last 90 days.
How many years does a rental apartment in Mingəçevir take to pay back?: With a gross annual yield of 5.1%, payback takes roughly 19,6 years (median monthly rent × 12 ÷ median sale price; taxes, vacancy and repairs are not included).
Where do these figures come from?: Prayk's market observation system collects prices of listings published in the last 90 days and processes them statistically every night: medians and quartiles are computed, outliers are excluded.

Figures are asking prices from listings, not actual transaction prices. Outliers are excluded from the statistics; only groups with at least 8 listings are shown. "Time to sell" is the median lifetime of a listing before it leaves the market. Yield is a gross figure: taxes, repairs, utilities and vacancy are not taken into account.

Mingəçevir — real estate market prices

Apartment sale — median

76 500 AZN

Median price per m²

1 600 AZN/m²

vs Baku

41.9% below Baku

Apartment rent — median (monthly)

325 AZN

Gross annual yield

5.1%

Payback period

~19,6 years