Oulu apartment prices

Average price per m²

2,105

€/m² · all apartments 2025

Annual change

−2.3%

2024 → 2025

▼ falling

Sales

3,172

in 2025

Population

214,410

residents (2024)

Oulu: average apartment price of 2,105 euros per m² in completed sales in 2025. The bar chart compares the city with its nearest municipalities: oulu is the most expensive of the 24 nearest municipalities.

Prices per m² by building type

Building type	€/m²	Sales	1 v	5 v
All building types	2,105	3,172	−2.3%	+1.5%
Apartment buildings	2,207	2,040	−2.6%	−1.7%
Terraced houses	1,930	1,132	−1.8%	+8.7%

Price trend 2006–2025

Prices per m² by postcode area

Oulu has 30 postcode areas with enough completed sales to calculate their own average price. The most expensive areas are Äimärautio (€3,390/m²), Oulu Keskus (€2,964/m²), Taskila-Toppila (€2,908/m²) and the cheapest Rajakylä (€1,125/m²), Pyykösjärvi-Puolivälinkangas (€1,254/m²), Kiiminki Keskus (€1,416/m²): the most expensive is 3.0 times the cheapest.

Area	€/m²	Sales	Change
Äimärautio 90400	3,390	82	+2.1%
Oulu Keskus 90100	2,964	225	−0.8%
Taskila-Toppila 90520	2,908	100	−1.7%
Hiukkavaara 90670	2,743	128	−1.9%
Hietasaari 90510	2,677	7	–
Karjasilta 90140	2,594	34	+5.2%
Raksila 90130	2,439	116	−5.0%
Värttö-Maikkula 90230	2,361	71	−2.0%
Heinäpää 90120	2,326	158	−1.9%
Metsokangas 90420	2,212	113	−1.0%
Kuivasjärvi 90540	2,133	137	±0%
Välivainio 90530	2,079	68	−7.4%
Korvensuora 90630	2,063	83	−2.2%
Tuira 90500	1,981	170	±0%
Kaakkuri 90410	1,972	31	±0%
Kaijonharju-Linnanmaa 90570	1,941	58	−3.7%
Iinatti 90240	1,855	41	+2.8%
Oulunsalo Keskus 90460	1,838	82	+3.3%
Haapalehto 90650	1,786	86	−3.3%
Kiviniemi 90810	1,713	13	–
Koskela-Oulu 90560	1,694	16	–
Höyhtyä 90150	1,676	87	−4.4%
Kaukovainio 90250	1,654	126	−2.0%
Haukipudas Keskus 90830	1,628	66	−3.5%
Pateniemi 90800	1,594	38	+1.3%
Jääli 90940	1,557	44	+3.9%
Kontinkangas 90220	1,479	19	–
Kiiminki Keskus 90900	1,416	39	−1.7%
Pyykösjärvi-Puolivälinkangas 90550	1,254	90	−9.0%
Rajakylä 90580	1,125	30	−6.0%

The area figures come from quarterly data for the last 12 months (Q2/25, Q3/25, Q4/25, Q1/26*), while the city figure above comes from annual statistics for 2025. The periods differ, so the figures do not add up. Areas with fewer than 6 sales in 12 months are missing from the list, but their sales are included in the city figure.

Detached house prices by postcode area

Oulu: realised sale prices of detached house properties in the 25 postcode areas with enough sales to calculate their own average. The figures are total property prices, plot and building together, and are not adjusted for house size.

Area	Average price	Sales
Hiukkavaara 90670	429,129	11
Värttö-Maikkula 90230	425,143	21
Metsokangas 90420	365,050	42
Haapalehto 90650	310,598	48
Kuivasjärvi 90540	295,768	41
Korvensuora 90630	287,381	21
Iinatti 90240	276,000	19
Kaakkuri 90410	254,286	28
Kontio 90910	240,158	19
Jääli 90940	234,459	61
Madekoski 90310	228,816	19
Kiviniemi 90810	217,114	22
Pateniemi 90800	216,046	77
Haukipudas Keskus 90830	215,981	63
Kiiminki Keskus 90900	208,457	79
Oulunsalo Keskus 90460	207,112	85
Kello 90820	203,900	30
Haukipudas Asemanseutu 90840	196,930	27
Rajakylä 90580	192,650	10
Sanginsuu 90660	177,262	8
Varjakka 90470	173,923	13
Taskila-Toppila 90520	159,750	8
Martinniemi 90850	153,724	29
Ylikiiminki Keskus 91300	145,614	40
Yli-Ii Keskus 91200	116,000	11

The average price is in euros per property from completed sales over the last 3 years, and the number of sales is a count. The area figures do not add up to a citywide average: the register does not publish cells with fewer than three sales, so some of the municipality's sales fall outside this list. Sales of detached houses on leased plots are not property sales and are not in the register at all. Source: National Land Survey of Finland, register of property prices (detached house properties, built plots).

Rent level

Average rents for non-subsidised rental homes across the whole city (2026Q3). The example rent shows what a typically sized apartment would cost per month at this rent level.

Type	Average rent	New	Example
Studios	18.07	19.10	€580/mo 32 m²
2 rooms	13.84	14.65	€760/mo 55 m²
3+ rooms	11.87	12.60	€950/mo 80 m²

Average rent and new contracts are in euros per m² per month. New contracts react to the market faster than the whole rental stock, so the gap between the columns shows which way rents are heading. Rental yield is not shown at city level: rents are published by number of rooms but municipal prices only by building type, so dividing a studio's rent by the average price of all apartments, for example, would give too high a yield. The yield is calculated with each apartment type's own price and rent on each postcode area's page.

Population and residents

Population residents	214,410	▲ +16.1% since 2010
Mean age years	40	▼ −4 yrs vs. all of Finland
University-educated share of residents	33%	▲ +4 pp vs. all of Finland
Employment rate of the labour force	87%	▼ −2 pp vs. all of Finland
Rental homes of households	45%	▲ +7 pp vs. all of Finland
Average home size m²	75	▼ −5% vs. all of Finland

▲/▼ compare the value with the national level (Paavo 2024): university-educated 29%, employment rate 88%, mean age 44 yrs, rental homes 38%, average home size 79 m².

Population trend 2010–2024

The figures are the sum of the city's 45 postcode areas (Statistics Finland, Paavo 2024).

Population forecast 2024–2045

According to Statistics Finland's forecast, Oulu is growing: the population in 2045 will be about 252,023, compared with 217,415 in 2024.

In 2029 residents	228,773	▲ +5.2% vs. 2024
In 2034 residents	238,268	▲ +9.6% vs. 2024
In 2045 residents	252,023	▲ +15.9% vs. 2024

Source: Statistics Finland, population forecast 2024 (14wx). These figures are a FORECAST, not actual data: they describe population change if birth rates, mortality and migration follow the forecast's assumptions. The forecast takes no position on apartment prices.

Home price estimate: Oulu

The figures above are area averages. The value of an individual apartment differs from them depending on its condition, its floor, what has been renovated in the housing company and the maintenance charge. AsuntoAnalyysi calculates an estimate from these using completed sales in your own postcode area.

Two factors weigh differently on the estimate at different price levels, and they work in opposite directions. A renovation costs the same in a cheap and an expensive area, but in a cheaper area a smaller sum is deducted from the estimate, because the area's average price already includes its typical repair backlog. The maintenance charge, on the other hand, is a fixed amount per m², so its share of the apartment's value grows as the area gets cheaper. At the €2,105/m² level of Oulu, that means this:

Factor	In a 70 m² apartment	Share
Upcoming pipe renovation	−€49,100	−33.3%
Maintenance charge €1/m²/mo above the area level	−€5,300	−3.6%

The contract price of a pipe renovation, as the shareholder's portion, is about €1,000 per m² of apartment, or about €70,000 for a 70 m² apartment. When the area's price per m² is below the reference level of €3,000/m², the full contract price is not deducted from the estimate: a full deduction would count the repair backlog twice. The deduction is then the same share of value in every area below the reference level, but smaller in euros the cheaper the area is. Percentage-based factors (condition, energy class, floor) have the same effect regardless of price level. 70 m² is an example size here, not calculated from the data. How the estimate is built (in Finnish) →

Frequently asked: Oulu

Oulu: what is the average apartment price per m²?

In 2025, apartments in Oulu sold for an average of €2,105/m². The figure is based on 3,172 completed apartment sales (Statistics Finland, municipal statistics). By building type: apartment buildings €2,207/m², terraced houses €1,930/m².

Oulu: are apartment prices rising or falling?

The average price per m² fell by 2.3% from 2024 to 2025. The five-year change is +1.5% and the ten-year change +16.0%.

Oulu: which area is the most expensive and which the cheapest?

The most expensive postcode area is Äimärautio (90400), €3,390/m², and the cheapest Rajakylä (90580), €1,125/m². The comparison covers the 30 areas with at least 6 sales in 12 months.

Oulu: how much is my home worth?

The area's average price per m² is €2,105/m², but the value of an individual apartment differs from it according to its condition, floor, housing company renovations and maintenance charge. AsuntoAnalyysi calculates an estimate from completed sales in your own postcode area and takes these factors into account. For example, an upcoming pipe renovation lowers the estimate at this price level by about €49,100 for a 70 m² apartment.

Oulu: how much does a rental home cost?

Average rents for non-subsidised rental homes are studios €18.07/m²/mo, 2 rooms €13.84/m²/mo, 3+ rooms €11.87/m²/mo (Statistics Finland, 2026Q3). At this level the rent for a typical 32 m² studio would be about €580 a month.

Oulu: how many residents does the area have?

The city's postcode areas have 214,410 residents in total (2024). The mean age is 40. The population has grown by 16% since 2010.

Sources and method

City prices: Statistics Finland, prices of old housing company apartments by municipality (StatFin 13mx). Annual statistics, latest year 2025. The municipal figure includes all completed sales in the city.
Postcode area prices: Statistics Finland, prices of housing company apartments (StatFin 13mt). Quarterly, sales-weighted average of the last 4 quarters.
Rents: Statistics Finland, rents of housing company apartments (StatFin 15fa, non-subsidised). Quarter 2026Q3.
Population and education: Statistics Finland, Paavo: open data by postcode area (12f7). Statistical year 2024.