Nimman / Santitham · Old City (Mueang Chiang Mai) condo market
Nimman / Santitham · Old City · Mueang Chiang Mai district, Chiang Mai · data from September 2026
Supply read: Balanced (score +0.7 on a −10 to +10 scale)
- Median asking price
- ฿57,385
- per m²
- Median rent
- ฿15,000
- per month
- Gross yield
- 8.8%
- same-size units
- Listed for sale / rent
- 2,137 / 1,405
- condos
The yield is higher than is typical for Thailand (5–7%). Listings for sale and for rent here can come from different buildings, and asking rents are rarely achieved year-round — treat it as an upper bound.
Questions buyers and renters ask
How much does a condo cost in Nimman / Santitham · Old City (Mueang Chiang Mai)?
The median asking price for a condo in Nimman / Santitham · Old City (Mueang Chiang Mai) is ฿57,385 per square metre (asking prices, September 2026). Half of the listings ask between ฿41,702 and ฿66,183 per m². The median listing asks ฿2,049,500.
How much is condo rent in Nimman / Santitham · Old City (Mueang Chiang Mai)?
The median asking rent for a condo in Nimman / Santitham · Old City (Mueang Chiang Mai) is ฿15,000 per month (asking prices, September 2026). Half of the listings ask between ฿12,000 and ฿20,250 a month.
What rental yield can I expect in Nimman / Santitham · Old City (Mueang Chiang Mai)?
The gross rental yield in Nimman / Santitham · Old City (Mueang Chiang Mai) is about 8.8%, comparing asking rents with asking prices for units of the same size. That is higher than is typical for Thailand (5–7%): listings for sale and for rent can come from different buildings, and asking rents are rarely achieved year-round, so treat it as an upper bound. Net yield after vacancy, fees and tax is lower.
Is Nimman / Santitham · Old City (Mueang Chiang Mai) oversupplied?
2,137 condos are listed for sale and 1,405 for rent in Nimman / Santitham · Old City (Mueang Chiang Mai), a sale-to-rent ratio of 1.52. That is close to the Chiang Mai average (1.52). Our overall read for the area: balanced.
The numbers in full
| Median asking price per m² | ฿57,385 |
|---|---|
| Middle half of asking prices per m² | ฿41,702 – ฿66,183 |
| Median listing price | ฿2,049,500 |
| Median monthly rent | ฿15,000 |
| Middle half of monthly rents | ฿12,000 – ฿20,250 |
| Median rent per m² | ฿378 |
| Gross rental yield (same-size units) | 8.8% |
| Condos listed for sale | 2,137 |
| Condos listed for rent | 1,405 |
| Sale-to-rent ratio | 1.52 |
| Price sample (listings) | 28 |
| Rent sample (listings) | 59 |
Asking figures from public listings, collected 2026-09-22. They are not achieved transaction prices. How we measure.
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