Neighbourhood Mustamäe Maa- ja Ruumiamet sales data

Mustamäe, Tallinn: apartment prices and market overview

Apartments in Mustamäe sold for a median €2,564/m² in Q3 2026 (293 notarised sales, Maa- ja Ruumiamet). That is −4% against Mustamäe as a whole (€2,679/m²) and −13% against Tallinn (€2,949/m²). Year on year the price moved +7%. 2% of last year's sales were in buildings completed in 2016 or later. Typical rent is €11.9/m² per month, a gross yield of about 5.6%.

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

Price trend: Mustamäe vs Mustamäe vs Tallinn

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

MustamäeMustamäeTallinn
€2,000€2,500€3,0002025 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)Mustamäe 2025-Q1: €2,370/m² (n=334)Mustamäe 2025-Q2: €2,467/m² (n=377)Mustamäe 2025-Q3: €2,468/m² (n=377)Mustamäe 2025-Q4: €2,540/m² (n=368)Mustamäe 2026-Q1: €2,596/m² (n=350)Mustamäe 2026-Q2: €2,588/m² (n=373)Mustamäe 2026-Q3: €2,679/m² (n=404)Mustamäe 2025-Q1: €2,228/m² (n=226)Mustamäe 2025-Q2: €2,395/m² (n=256)Mustamäe 2025-Q3: €2,390/m² (n=270)Mustamäe 2025-Q4: €2,402/m² (n=260)Mustamäe 2026-Q1: €2,466/m² (n=243)Mustamäe 2026-Q2: €2,474/m² (n=250)Mustamäe 2026-Q3: €2,564/m² (n=293)
QuarterMustamäe €/m²SalesAvg sizeMustamäe €/m²Tallinn €/m²
Q3 2026 €2,564 293 47.5 m² €2,679 €2,949
Q2 2026 €2,474 250 46.6 m² €2,588 €2,948
Q1 2026 €2,466 243 46.4 m² €2,596 €2,903
Q4 2025 €2,402 260 47.2 m² €2,540 €2,888
Q3 2025 €2,390 270 46.1 m² €2,468 €2,851
Q2 2025 €2,395 256 48.1 m² €2,467 €2,881
Q1 2025 €2,228 226 47.9 m² €2,370 €2,823

Like-for-like index: a flat of the same building era sells 0% against the Mustamäe 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 Mustamäe

Sales by building era and flat size, 2025-Q4–2026-Q3 (1020 sales). A median is shown where a group had at least 5 sales with a published median.

Building era

Share of salesMedian €/m²
1940-197071%n=727€2,494−3%
1971-199025%n=257€2,390−7%
1991-20000%n=4under 5 sales
2001-20101%n=14€2,573+0%
2011-20150%n=2under 5 sales
2016-20201%n=9under 5 sales
2021+1%n=7under 5 sales

Flat size

Share of salesMedian €/m²
10–29 m²11%n=113€3,146+23%
30–40 m²8%n=81€2,775+8%
41–54 m²51%n=530€2,468−4%
55–69 m²28%n=291€2,212−14%
70+ m²3%n=31€2,312−10%

Rent in Mustamäe

Median rental offers of the last 24 months inside the asum borders (164 offers, Estiq market database). A group is shown from 5 offers.

RoomsRent / monthSize€/m²Offers
1€31016.3 m²19.346
2€54043.8 m²12.493
3€64060.6 m²10.621
All€52043.6 m²11.9164

Gross yield ≈ 5.6% = 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 associations311335 buildings · ≈24,418 flats
Member fees (median)1.07 €/m²per month · Tallinn 1.19 · 2025, n=269
Repair fund payment0.38 €/m²per month · Tallinn 0.39
Repair fund balance14.3 €/m²Tallinn 11.5 €/m²
Associations with a loan40%Tallinn 28%
Monthly costs per flat (median)€137Tallinn €146

Developments and building permits

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

Projects2765 under construction · 84 with a permit
Flats in the pipeline152permitted or under construction
Completed in 5 years227flats
ProjectStageFlats
Tervise tn 32building permit issued 2025-12152

Other neighbourhoods in Mustamäe

Median apartment sale price €/m², Q3 2026. Mustamäe ranks #4 of 4 in the district.

Neighbourhood€/m²SalesYoY
Kadaka €3,55555 +14.5%
Sääse €2,71640 +12.4%
Siili €2,65716 +15.3%
Mustamäe ◀ €2,564293 +7.3%

Mustamäe district overview → · All Tallinn neighbourhoods →

Apartment buildings in Mustamäe (335)

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

FAQ: Mustamäe

How much does an apartment cost in Mustamäe?

According to Maa- ja Ruumiamet the median apartment sale price in Q3 2026 was €2,564/m² (293 sales), with an average size of 47.5 m² and an average price of €120,000.

Is Mustamäe more expensive than the Mustamäe average?

In Q3 2026 Mustamäe was −4% against the district median. Comparing like for like — flats of the same building era — the gap is 0%.

What is the rent in Mustamäe?

The median rental offer of the last 24 months is €520 a month (43.6 m², €11.9/m²; 164 offers, Estiq market database). A typical 2-room flat rents for €540.

How high are housing association costs in Mustamäe?

Based on 2025 annual reports, the median member fee is €1.07/m² a month, of which repair fund €0.38/m² (269 associations).

How have apartment prices in Mustamäe changed in a year?

Up (+7.3%): €2,390 → €2,564/m² (Q3 2025 → Q3 2026; 270 → 293 sales). With few sales one quarter can swing a lot.

How expensive is Mustamäe compared with other neighbourhoods?

By the Q3 2026 median sale price Mustamäe ranks 50 of 61 Tallinn neighbourhoods and 4 of 4 in Mustamäe (most expensive first; neighbourhoods with at least 5 sales).

Is it cheaper to buy or to rent in Mustamäe?

Buying means a loan payment of about €464 a month, renting €540 — the loan payment is 14% lower than the rent. That is 22% (loan) and 25% (rent) of the median gross wage (Tallinn, €2,126 a month, Q2 2026, Statistics Estonia). Assumes a 43.8 m² two-room flat at €112,303 (Q3 2026 sales median), an 80% loan over 25 years at 3.8% and a €22,461 down payment; rent is the median of 93 offers (Estiq market database); association fees, insurance and state fees excluded.

Which district is Mustamäe in?

Mustamäe is an asum (neighbourhood) of Tallinn's Mustamäe district, within the official Maa- ja Ruumiamet borders. The district has 3 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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