Net Income of $25,000 Needed for Good Ashdod Apartment

A good four-room apartment in Ashdod, equipped with an elevator, parking, and a safe room, currently costs between 2.2 and 2.6 million shekels. In the city's most expensive neighborhood, Quarter 16, the median price for such a unit is approximately 2.83 million shekels. These prices represent a 6.1% increase from the previous year, with the average apartment price in the first half of 2026 reaching about 2.17 million shekels.

To afford a 2.2 to 2.6 million shekel apartment, assuming a 30% down payment and a 25-year mortgage at an average interest rate of 4.7%, the monthly mortgage payment would range from 8,700 to 10,300 shekels. If banks adhere to the guideline that mortgage payments should not exceed 40% of net income, a household would need a net monthly income of 21,800 to 25,800 shekels. If the mortgage represents 35% of net income, the required income rises to 25,000-29,500 shekels, and for a 30% ratio, it's 29,000-34,400 shekels.

A couple earning a combined net income of 25,000 shekels per month could purchase a good apartment in Ashdod, provided they have the necessary down payment. Older neighborhoods offer more affordable options; a four-room apartment in Quarter 8 sold for 1.86 million shekels in August, and a three-room apartment in Quarter 3 sold for 1.55 million shekels. For the 1.86 million shekel apartment, the required down payment drops to about 560,000 shekels, with a monthly payment of approximately 7,400 shekels and a needed net income of around 21,000 shekels.

The market in Ashdod saw a significant rebound in the summer, with new apartment sales nearly quadrupling from February-April to May-July, reaching 510 units. Second-hand sales also increased by 25%. Despite this activity, approximately 3,100 new apartments remained unsold at the end of July, indicating a healthy selection for buyers. The supply is expected to grow with upcoming tenders for nearly 974 housing units and a municipal plan for urban renewal with the potential for about 7,400 new apartments.

Compared to other cities, Ashdod is slightly more affordable than Holon, where good apartments cost 2.4 to 2.8 million shekels, requiring a few thousand shekels less in monthly income. For instance, a 113-square-meter, four-room apartment on Itamar Street sold in August for 2.95 million shekels, while a 93-square-meter, four-room apartment in Quarter 8 sold for 1.86 million shekels.