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Neighbourhood Põhja-Tallinn Maa- ja Ruumiamet sales data

Kalamaja, Tallinn: apartment prices and market overview

Apartments in Kalamaja sold for a median €4,324/m² in Q3 2026 (117 notarised sales, Maa- ja Ruumiamet). That is +35% against Põhja-Tallinn as a whole (€3,200/m²) and +47% against Tallinn (€2,949/m²). Year on year the price moved −5%. 30% of last year's sales were in buildings completed in 2016 or later. Typical rent is €17.4/m² per month, a gross yield of about 4.8%.

Borders: Maa- ja Ruumiamet (EHAK). Neighbouring asumid are shaded by median €/m²; click one to open its page.

Price trend: Kalamaja vs Põhja-Tallinn vs Tallinn

Quarterly median price per m² of notarised apartment sales. A quarter without a point had under 5 sales and no published median.

KalamajaPõhja-TallinnTallinn
€2,500€3,250€4,000€4,7502025 Q12025 Q22025 Q32025 Q42026 Q12026 Q22026 Q3Tallinn 2025-Q1: €2,823/m² (n=2173)Tallinn 2025-Q2: €2,881/m² (n=2322)Tallinn 2025-Q3: €2,851/m² (n=2383)Tallinn 2025-Q4: €2,888/m² (n=2224)Tallinn 2026-Q1: €2,903/m² (n=2089)Tallinn 2026-Q2: €2,948/m² (n=2180)Tallinn 2026-Q3: €2,949/m² (n=2312)Põhja-Tallinn 2025-Q1: €2,955/m² (n=321)Põhja-Tallinn 2025-Q2: €3,229/m² (n=411)Põhja-Tallinn 2025-Q3: €3,074/m² (n=424)Põhja-Tallinn 2025-Q4: €3,123/m² (n=313)Põhja-Tallinn 2026-Q1: €3,029/m² (n=340)Põhja-Tallinn 2026-Q2: €3,184/m² (n=356)Põhja-Tallinn 2026-Q3: €3,200/m² (n=391)Kalamaja 2025-Q1: €4,277/m² (n=98)Kalamaja 2025-Q2: €4,483/m² (n=136)Kalamaja 2025-Q3: €4,541/m² (n=118)Kalamaja 2025-Q4: €4,325/m² (n=108)Kalamaja 2026-Q1: €4,515/m² (n=103)Kalamaja 2026-Q2: €4,494/m² (n=102)Kalamaja 2026-Q3: €4,324/m² (n=117)
QuarterKalamaja €/m²SalesAvg sizePõhja-Tallinn €/m²Tallinn €/m²
Q3 2026 €4,324 117 63.0 m² €3,200 €2,949
Q2 2026 €4,494 102 62.0 m² €3,184 €2,948
Q1 2026 €4,515 103 62.7 m² €3,029 €2,903
Q4 2025 €4,325 108 60.1 m² €3,123 €2,888
Q3 2025 €4,541 118 60.3 m² €3,074 €2,851
Q2 2025 €4,483 136 59.6 m² €3,229 €2,881
Q1 2025 €4,277 98 57.7 m² €2,955 €2,823

Like-for-like index: a flat of the same building era sells +26% against the Põhja-Tallinn average. The index corrects for each asum's own mix of new and old buildings and is shrunk toward zero when sales are few.

What sells in Kalamaja

Sales by building era and flat size, 2025-Q4–2026-Q3 (285 sales). A median is shown where a group had at least 5 sales with a published median.

Building era

Share of salesMedian €/m²
before 194021%n=61€3,386−22%
1940-197030%n=85€3,441−20%
1971-19901%n=2under 5 sales
1991-20006%n=18€3,615−16%
2001-20104%n=10under 5 sales
2011-20158%n=23€4,368+1%
2016-202014%n=39€4,830+12%
2021+16%n=47€5,996+39%

Flat size

Share of salesMedian €/m²
10–29 m²12%n=52€3,524−19%
30–40 m²15%n=64€3,864−11%
41–54 m²20%n=84€4,556+5%
55–69 m²18%n=79€4,732+9%
70+ m²35%n=151€4,889+13%

Rent in Kalamaja

Median rental offers of the last 24 months inside the asum borders (248 offers, Estiq market database). A group is shown from 5 offers.

RoomsRent / monthSize€/m²Offers
1€54026.7 m²20.251
2€84047.1 m²17.9119
3€1,29074.9 m²17.260
4+€2,870122.1 m²23.517
All€84048.4 m²17.4248

Gross yield ≈ 4.8% = 12 × rent €/m² / median sale price €/m², before costs, tax and vacancy. Calculate your own yield →

Housing associations and building stock

Housing association annual reports (e-Business Register) and building data from the Building Register (EHR). Medians from 10 associations.

Housing associations359464 buildings · ≈5,489 flats
Member fees (median)1.46 €/m²per month · Tallinn 1.19 · 2025, n=287
Repair fund payment0.46 €/m²per month · Tallinn 0.39
Repair fund balance16.5 €/m²Tallinn 11.5 €/m²
Associations with a loan26%Tallinn 28%
Monthly costs per flat (median)€129Tallinn €146

Developments and building permits

Building permits, notices and detailed plans in the asum from the Building Register (Estiq Radar).

Projects27412 under construction · 88 with a permit
Flats in the pipeline1,157permitted or under construction
Completed in 5 years417flats
ProjectStageFlats
Volta kvartaliunder construction 2024-02485
Kalaranna tn 8building permit issued 2026-07376
Allveelaeva tn 2under construction 2025-0375
Staapli tn 4building permit issued 2024-0968
Kotzebue tn 22under construction 2026-0726
Vabriku tn, Graniidi tn (3 hoonet)building permit issued 2026-0123

Other neighbourhoods in Põhja-Tallinn

Median apartment sale price €/m², Q3 2026. Kalamaja ranks #1 of 7 in the district.

Neighbourhood€/m²SalesYoY
Kalamaja ◀ €4,324117 −4.8%
Kelmiküla €3,95410 —
Pelgulinn €3,12481 +8.3%
Kopli €2,88547 −3.0%
Karjamaa €2,74022 +2.5%
Sitsi €2,64328 +0.4%
Pelguranna €2,62685 +2.8%
Merimetsa too few sales0 —
Paljassaare too few sales1 —

Põhja-Tallinn district overview → · All Tallinn neighbourhoods →

Apartment buildings in Kalamaja (400)

Buildings with a housing association; each links to the building page with register data and a valuation.

Streets

FAQ: Kalamaja

How much does an apartment cost in Kalamaja?

According to Maa- ja Ruumiamet the median apartment sale price in Q3 2026 was €4,324/m² (117 sales), with an average size of 63.0 m² and an average price of €280,300.

Is Kalamaja more expensive than the Põhja-Tallinn average?

In Q3 2026 Kalamaja was +35% against the district median. Comparing like for like — flats of the same building era — the gap is +26%.

What is the rent in Kalamaja?

The median rental offer of the last 24 months is €840 a month (48.4 m², €17.4/m²; 248 offers, Estiq market database). A typical 2-room flat rents for €840.

How high are housing association costs in Kalamaja?

Based on 2025 annual reports, the median member fee is €1.46/m² a month, of which repair fund €0.46/m² (287 associations).

How have apartment prices in Kalamaja changed in a year?

Down (−4.8%): €4,541 → €4,324/m² (Q3 2025 → Q3 2026; 118 → 117 sales). With few sales one quarter can swing a lot.

How expensive is Kalamaja compared with other neighbourhoods?

By the Q3 2026 median sale price Kalamaja ranks 4 of 61 Tallinn neighbourhoods and 1 of 7 in Põhja-Tallinn (most expensive first; neighbourhoods with at least 5 sales).

Is it cheaper to buy or to rent in Kalamaja?

Buying means a loan payment of about €842 a month, renting €840 — about the same. That is 40% (loan) and 40% (rent) of the median gross wage (Tallinn, €2,126 a month, Q2 2026, Statistics Estonia). Assumes a 47.1 m² two-room flat at €203,660 (Q3 2026 sales median), an 80% loan over 25 years at 3.8% and a €40,732 down payment; rent is the median of 119 offers (Estiq market database); association fees, insurance and state fees excluded.

Which district is Kalamaja in?

Kalamaja is an asum (neighbourhood) of Tallinn's Põhja-Tallinn district, within the official Maa- ja Ruumiamet borders. The district has 8 other asumid.

Where does this data come from?

Sale prices — notarised apartment sales, Maa- ja Ruumiamet; rents — Estiq market database (24 months); wages — Statistics Estonia (PA117); association costs — housing associations' annual reports. Figures refresh with every data load and each states its period and sample — see the methodology.

Data as of 25 Oct 2026 · Sources: Maa- ja Ruumiamet (sales, boundaries), Estiq market database (rents), housing association annual reports

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