Israeli Cities Where a 4-Room Apartment Costs Under $550,000 Revealed

A new calculator from Bizportal reveals that 45 out of 85 surveyed Israeli cities offer a median price for a 4-room apartment below 2 million shekels (approximately $550,000). The tool analyzes actual transaction data from the past 12 months, requiring at least 30 sales in a city for it to be included. Cities like Ashdod, Hadera, and Elad fall within this budget, with median prices around 1.87 to 1.91 million shekels. In contrast, cities such as Holon and Rishon Lezion exceed this price point, with median prices for similar apartments reaching 2.17 and 2.2 million shekels, respectively. Other cities close to the 2 million shekel mark include Or Akiva, Tirat Carmel, and Kiryat Ata. At the lower end of the market, cities like Nazareth, Ofakim, and Kiryat Shmona have median prices for 4-room apartments around 900,000 shekels. The calculator also allows users to adjust budgets between 1.5 and 4 million shekels and search for 3, 4, or 5-room apartments. For instance, with a 1.5 million shekel budget, 48 cities are suitable for a 3-room apartment, while 76 cities are available for a 4-room apartment at a 3 million shekel budget. Tel Aviv stands out as a high-cost market, with a median price of 3.87 million shekels for a 4-room apartment based on over 1,500 transactions.