Original Research · Market Report

Thailand Rental Yield Report 2026.

Gross and net residential rental yields by city and unit type, a full Bangkok district breakdown, how yield changes with unit size, secondary-market estimates for Chiang Mai, Hua Hin and Koh Samui, and the exact methodology behind every number.

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By Kirby Scofield
Founder of BAANLYY · International real estate broker, investor & relocation specialist
Last updated 7 July 2026 · Last reviewed 7 July 2026

As of Q1 2026, Thailand's average gross rental yield across its most-tracked residential markets is 6.49%, per Global Property Guide -- up from 6.28% in Q3 2025. Smaller, lower-priced markets on Bangkok's fringe like Samut Prakan (8.52%) and Nonthaburi (7.14%) post the highest average yields, while Phuket (5.05%) and premium central Bangkok districts run lowest, reflecting higher purchase prices relative to achievable rents. Within every city, smaller units consistently out-yield larger ones. Net yields, after management fees, vacancy, tax and repairs, typically run 1.5 to 2.5 percentage points below the gross figures shown throughout this report.

Key figures

Key figures

6.49%Thailand avg. gross rental yield (Q1 2026)Up from 6.28% in Q3 2025 -- Global Property Guide
8.52%Highest tracked city averageSamut Prakan -- lower entry prices relative to rent
5.05%Lowest tracked city averagePhuket long-term lets -- higher entry prices per sqm
1.5-2.5ppTypical net-yield discount vs. grossAfter management fees, vacancy, tax and repairs
01

Methodology

This report's primary dataset -- city and district averages and the unit-type breakdown -- is drawn from Global Property Guide's Thailand rental yield tracker, updated biannually using median asking rents and median list prices sourced from DDProperty listings. Their formula, which we apply consistently throughout this report:

Gross Rental Yield = (Median Monthly Rent × 12) ÷ Median Purchase Price × 100

02

Gross rental yield by city (Q1 2026)

Average gross yield across all tracked unit types, by city:

Samut Prakan

Bang Kraso and greater Samut Prakan -- lowest entry prices of the tracked areas

8.52%
Nonthaburi

Bang Kraso posts 7.75-7.93% on 1-2 bed units specifically

7.14%
Bangkok

Wide range by district -- see the district table below

6.22%
Chon Buri (Pattaya)

Bang Lamung (central Pattaya) runs higher at 7.33-9.03% on smaller units

5.51%
Phuket

Long-term-let average; short-stay/tourist-managed units run materially higher -- see below

5.05%

Nonthaburi and Samut Prakan sit on Bangkok's fringe with meaningfully lower entry prices than the capital's core, which is the main driver of their higher headline yields -- not necessarily stronger rental demand. See each city's dedicated rental market guide for local context.

03

Bangkok district breakdown

Bangkok's citywide average (6.22%) masks a wide district-level spread. A sample of GPG's tracked districts and unit types:

DistrictUnit typeMedian price (to buy)Median rentGross yield
Huai KhwangStudio$74,600$510/mo8.20%
Huai Khwang1-Bed$112,300$640/mo6.84%
Phra KhanongStudio$53,920$420/mo9.35%
Phra Khanong1-Bed$105,900$610/mo6.91%
ChatuchakStudio$83,400$530/mo7.63%
Chatuchak2-Bed$176,500$1,120/mo7.61%
WatthanaStudio$139,900$740/mo6.35%
Watthana2-Bed$481,400$2,090/mo5.21%
Khlong Toei1-Bed$186,100$930/mo6.00%
Khlong Toei4+ Bed$3,524,500$5,770/mo1.96%
Sathon1-Bed$192,600$960/mo5.98%
Sathon3-Bed$1,158,400$3,850/mo3.99%
Pathum WanStudio$168,300$710/mo5.06%
Pathum Wan4+ Bed$4,140,100$9,310/mo2.70%
RatchathewiStudio$166,900$560/mo4.03%

Phra Khanong and Huai Khwang studios post the highest yields in this sample (9.35% and 8.20%), reflecting relatively low entry prices in areas with solid BTS/MRT access and strong rental demand from young professionals and remote workers. Prime central districts like Pathum Wan and Ratchathewi run lowest, since purchase prices there are driven more by prestige and capital-appreciation expectations than by achievable rent.

04

Yield by unit type (Bangkok, all locations)

Isolating unit size as a variable, citywide across all Bangkok locations:

Unit typeMedian priceMedian rentGross yield
Studio$70,600$550/mo9.35%
1-Bedroom$125,200$800/mo7.67%
2-Bedroom$317,700$1,770/mo6.69%
3-Bedroom$959,600$3,500/mo4.38%
4+ Bedroom$2,413,400$6,100/mo3.03%

The pattern is consistent and steep: yield falls from 9.35% for studios to 3.03% for 4+ bedroom units -- a spread of more than six percentage points across the same city. Smaller units cost disproportionately less relative to rent, and face deeper, more liquid tenant demand from singles, couples and young professionals.

05

Secondary markets: Chiang Mai, Hua Hin & Koh Samui

These three markets aren't part of GPG's consistently-tracked dataset. The ranges below are directional industry estimates, not median-based calculations -- treat them as a starting orientation, not a precise figure to underwrite against.

Chiang Mai4-6% gross

Directional industry estimate, not GPG-methodology data -- smaller rental pool, less standardized reporting than the five GPG-tracked areas

Hua Hin4.5-6.5% gross

Directional industry estimate -- retiree/second-home market with lower rental churn than tourist-first cities

Koh Samui5-8% gross

Directional industry estimate -- wide range reflects villa vs. condo and long-term vs. short-stay management mix

Phuket short-stay/tourist-managed7-11% gross

Industry-reported range for professionally managed short-stay units in tourist zones -- notably higher than GPG's 5.05% long-term-let average for the same island, illustrating how management model changes the number more than location does

06

What eats into gross yield: getting to a net number

Gross yield is a useful headline figure, but it isn't what lands in your bank account. A realistic net-yield calculation subtracts:

Property/rental management fee8-12% of gross rent
Vacancy allowance10-15% of the year (roughly 1-2 months)
Common area / building maintenance (juristic fee)Varies by building -- budget several thousand THB/month for a typical condo
Building & contents insuranceModest but real -- often overlooked in headline yield figures
Rental income taxProgressive personal income tax for individual landlords, or 20% flat corporate rate if held through a company -- structure-dependent
Repair & replacement reservePrudent to budget 1-2% of property value per year for wear and eventual replacement of furnishings/appliances

Worked example: a Bangkok studio bought for $70,600 renting at $550/month (9.35% gross) with an 8% management fee, one month's vacancy per year, and modest insurance and repair reserves can realistically land closer to 6.5-7.5% net -- still strong, but meaningfully below the eye-catching gross headline. Always model your specific building's juristic fee and realistic vacancy before committing capital.

07

How to use this data

Rental yield is one input into a buy decision, not the whole analysis. A high-yield studio in a saturated micro-market can sit vacant between tenants longer than the yield figure implies, while a lower-yield family-sized unit in a supply-constrained, well-connected area may hold value and rent more reliably over a full ownership cycle. Cross-reference the city and district figures here against each area's Thailand city guide for schools, transit and lifestyle fit, and run your specific numbers before committing capital.

FAQ

Rental yield report -- frequently asked questions

What is rental yield, and how is it different from ROI or total return?

Rental yield measures only the income return on a property -- annual rent divided by purchase price, expressed as a percentage. It excludes capital appreciation (or depreciation), transaction costs, financing costs and currency movements, all of which affect your actual total return. A property with a modest 4% yield that appreciates steadily can outperform a 9% yield property in a stagnant or declining market -- yield is one input into an investment decision, not the whole picture.

What's the difference between gross and net rental yield?

Gross yield is annual rent divided by purchase price, before any costs. Net yield subtracts the real costs of owning and renting the property -- management fees, vacancy, common-area fees, insurance, tax and repairs -- from that rent first. Every figure in this report's headline tables is gross unless labeled net; expect net yields to land 1.5 to 2.5 percentage points below the gross number shown, per both Global Property Guide's own guidance and typical Thai property-management cost structures.

Which Thai city currently has the highest rental yield?

Among the five areas Global Property Guide tracks with consistent methodology, Samut Prakan posts the highest average at 8.52% (Q1 2026), followed by Nonthaburi at 7.14%. These are lower-price-point, less tourist-dependent markets on Bangkok's fringe -- the higher yield reflects lower purchase prices relative to achievable rent, not necessarily a "better" investment once appreciation, liquidity and tenant demand are weighed.

Why does yield fall as unit size increases?

Across every tracked Bangkok area, studios and 1-bedroom units consistently out-yield 3-bedroom and 4+ bedroom units -- citywide, studios average 9.35% versus 3.03% for 4+ bedroom units. Larger units cost disproportionately more to buy relative to the rent they command, since demand for large, expensive units is thinner and more price-sensitive than demand for affordable studios and 1-beds aimed at singles, couples and young professionals.

How often is this report updated, and where does the data come from?

The primary dataset (city and district averages, unit-type breakdown) is drawn from Global Property Guide's Thailand rental yield tracker, which they update biannually (last update Feb 2026 for Q1 2026 data, next due Aug 2026) using median asking rents and list prices from DDProperty. Secondary-market ranges (Chiang Mai, Hua Hin, Koh Samui) are directional industry estimates from property-investment publishers, clearly flagged as such since they don't follow GPG's consistent median-based methodology. We review and refresh this page as new GPG data is published.

Should I buy the highest-yielding unit type or city?

Not automatically. Studios and small 1-beds carry higher yield but also higher tenant turnover, a shallower resale buyer pool, and -- in many buildings -- foreign-ownership quota competition, since investors disproportionately target the same small units. A lower-yielding 2-bedroom in a well-located building can rent faster, hold value better and cost less in vacancy and turnover than a higher-yield studio. Model your own numbers, including realistic vacancy and management costs, before deciding.

Sources & References

Sources & References

Primary and official sources are cited above. Government rules, fees and procedures in Thailand change over time and vary by office; always confirm current requirements with the relevant authority before relying on them. BAANLYY never takes paid placement in editorial content.

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Bangkok Rental MarketPhuket Rental MarketChiang Mai Rental MarketKoh Samui Rental MarketRental Yields OverviewRental Yield & ROI GuideMarket Data Hub

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Hero photo by Marcelo Benzuca on Pexels. Indicative, educational market research only -- not investment, legal or tax advice. Rental yields move with prices, rents, taxes and management costs; verify current figures with a licensed agent, accountant or property manager before relying on them. BAANLYY never takes paid placement in editorial content.