Odesa's Housing Market Defies War, with Prices Surging 26% in a Year.

Odesa's Real Estate Market Shows Unexpected Growth

According to Novyny.live: Despite the ongoing war, Odesa's secondary housing market has seen significant price increases. Over the past six months, apartment prices have risen by 10%, with an even more substantial annual jump. As of mid-February 2026, the average price for a one-bedroom apartment in Odesa is approximately $47,500. The cost of a one-bedroom unit has increased by 9% in the last half-year and by a striking 26% over the full year.

This trend is remarkable given the broader economic pressures in Ukraine. The average price for a two-bedroom apartment now stands at $67,000, an 18% increase from last year, while three-bedroom apartments cost around $87,000, up 16% year-on-year. Prices vary considerably across Odesa's districts:

• Prymorskyi District: One-bedroom apartments can reach up to $61,000;
• Kyivskyi District: Prices are around $48,000;
• Khadzhybeiskyi District: Average one-bedroom prices are $40,000;
• Peresyp District: Prices are approximately $31,000.

Currently, purchasing an apartment in Odesa requires the equivalent of 6 to 6.8 years of the average local salary. The time needed to save for a purchase has grown by more than 13% in the past year. These figures indicate that, despite the nation's challenges, Odesa's real estate market continues to experience price appreciation.

The rise in Odesa's housing prices amid the conflict may point to a degree of regional stability and sustained high demand for property.

However, the lengthening time required to buy a home could create significant difficulties for many potential buyers, especially within the country's wider economic context. These factors are likely to influence the future development of Odesa's real estate market and the population's need for affordable housing.