The real estate market in Khmelnytskyi is showing a steady upward trend that spans all key segments — from the secondary housing market and new builds to long-term rentals. According to analysts, the most pronounced growth over the past year has been recorded in the category of one-room apartments on the secondary market: their average price rose by 18% and reached the mark of 42,000 US dollars. For comparison, to save up for such an apartment, a worker would need to set aside a full salary for 5.7 years, for a two-room apartment — 8 years, and for a three-room apartment — 9.5 years. Experts link the sustained price growth to stable demand for ready-to-move-in housing, which continues to put pressure on prices in the region.
Primary market: median at the level of 38,000 UAH per square meter
The new-build segment in Khmelnytskyi is also showing a clear upward trend. The median starting price from developers is currently fixed at the level of 38,000 hryvnia per square meter. Over the year, the cost per square meter in new builds rose by 22.58% in hryvnia terms. That said, over the last six months the pace of price increases has slowed somewhat, yet investor interest in the primary market remains high — primarily in segments with improved layouts and the comfort class, where supply is limited and demand from buyers with higher budgets persists.
Rentals: price records across all categories
The sharpest changes have been recorded in the long-term rental segment, where price records cover all apartment categories. Over the past six months, the average cost of renting a one-room apartment rose by about 1,500 hryvnia, and a two-room apartment — by 2,000 hryvnia. According to some estimates, in annual terms the growth in rental rates in Khmelnytskyi may reach 42%, making the city one of the leaders in housing price growth in the western region. This significant increase is driven by a combination of factors: the overall economic situation, limited supply of quality options on the market, and consistently high demand from internally displaced persons and local residents seeking separate housing.
Contradictory data
Discrepancies in assessing the current state of the secondary market are noted in open sources. On the one hand, analysts commenting on the situation in Khmelnytskyi point to "stable demand for ready-to-move-in housing," which, in their words, fuels price growth. On the other hand, a publication by Minfin from May 2026, dedicated to the secondary housing market, paints a different picture: "supply is growing, while demand is falling." The difference in interpretations may be linked to differences in geographic coverage (the national market as a whole versus a specific city) and in calculation methodology. Moreover, the absolute figures for rental growth (1,500–2,000 hryvnia over six months) and the percentage estimates (up to 42% in annual terms according to RBC data) reflect different time periods and, presumably, different baseline levels of calculation, which makes direct comparison of the figures difficult.
Beyond Khmelnytskyi: trends across Ukraine
Khmelnytskyi is not an exception: similar trends are observed in other cities as well. In Ivano-Frankivsk, according to survey data, apartment rental prices jumped by more than 40%, and most potential buyers expect further price increases. In the segment of private houses across Ukraine, high interest is recorded: in several regions, prices rose by a third over the year. Housing prices rose most noticeably in Rivne Oblast — by 36%, and in Chernivtsi and Odesa Oblasts — by 35%. The totality of this data indicates that the rise in housing prices in Khmelnytskyi is part of a broader structural trend in the Ukrainian real estate market, rather than a local phenomenon.
