What's happening with Napier house prices?

Council area of Hawke's Bay

Explore Napier's property market for the latest trends, house prices, market cycles, rental yields, and top investment suburbs

Author: Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Reviewed by: Laine Moger

Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.

Last Updated: 24 Mar 2025

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What's happening to Napier house prices?

The average price of a Napier property is $757,484 (CoreLogic, February 2025).

Quick Facts

The average price of a Napier property is $757,484 (CoreLogic, February 2025)
Over the last 3 months property prices in Napier have gone up 0.81%
Napier property prices increased 4.63% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Napier is $645 per week (Tenancy Services, November 2024)

How are Napier property prices changing?

Napier house prices soared after the Covid-19 pandemic began. House prices started out 34% below the eventual peak of the market.

Where is Napier in its property cycle?

At the absolute bottom of its property cycle, Napier was 23.65% undervalued.

Napier suburb prices

I track the value of 16 suburbs in Napier. The most expensive suburb is Jervoistown, which has an average house value of $1,160,550. While the most affordable suburb is Maraenui, which has an average house value of $475,600.

Over the last 24 months of all Napier suburbs (February 2023 - February 2025, Jervoistown had the fastest-growing house prices. They have gone up 1.42% over that period.

The suburb that fell the fastest over that period was Bluff Hill. Property values in this suburb fell by 14.58% over those 2 years.

What is the Napier rental market like?

Here's how rents are changing in Napier. Over the last four years (November 2020 - November 2024) the median rent has gone up $165 a week. That's 7.67% a year (on average).

Are properties selling above or below CV in Napier?

One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”

Where do house prices grow the fastest in the Napier property market?

Where do house prices go up the fastest in Napier?

Which suburbs in the Napier property market have the highest yields?

Gross yields vary widely depending on which suburb you chose to investigate.

Other property markets to look into

If you found this article useful, then you might also like our analyses on the other property markets in New Zealand. You can read all about the Hawke's Bay property market here.