Rents rise and property prices surge across Mayo as housing supply continues to decrease
Rents in Mayo have risen sharply over the last year, and house prices have climbed at double-digit rates across the county as demand continues to outweigh supply.
Statistics from the Daft.ie Q3 report for 2025 shows that the average rent for a three-bedroom home in Mayo now stands at €1,450, an 8.2pc increase on last year.
Two-bedroom properties have also seen significant increases; the average rent for a two-bedroom apartment is €1,305, up 7.9pc, and for a two-bedroom house it averages €1,215, up 9.4pc from last year.
The report shows that rental availability is continuing to fall across the west and northwest region.
In the year to October, 3,450 homes were put up for rent across both Connacht and Ulster, down 9pc on the previous year and 55pc below the 2015 to 2019 average.
On November 1st, only 182 homes were available to rent across Connacht and Ulster, not including Galway City, a 13pc drop from last year.
Current rental availability is down by 29pc compared to 2015 to 2019 levels, when roughly 630 homes would have been on the market at any one time.
These figures underline the scale of the ongoing rental crisis in the west and northwest, and the report also states that average market rents across Connacht and Ulster are 76pc higher than pre-Covid
House prices in Mayo continue to rise, with the average cost for a three-bed semi-detached home at €254,000, up 12.3pc over the past year.
That keeps Mayo broadly in line with the wider Connacht and Ulster region, where a three-bedroom semi-detached home averages at €248,925.
Four-bed detached properties now average €369,000 in Mayo, up 12.6pc.
House prices in the Connacht and Ulster region are now 59pc higher than before the Covid-19 pandemic.
The supply of homes for sale has improved marginally from this point last year, but figures remain a fraction of what they were before the pandemic.
As of September 1, there were 2,388 second-hand homes for sale across Connacht and Ulster, up 3pc from the same point last year.
According to the report, availability is less than two-fifths of what it was between 2015 and 2019, when over 6,200 homes would typically have been on the market.
In the year to August, 7,600 second-hand homes were listed for sale in Connacht and Ulster, up 3pc on 2024 but 15pc below the 2015 to 2019 average.
The average cost of a newly built home in Mayo is €368,000, placing the county in the middle of the average price range in Connacht.
In Galway, the average new-build sale price is €420,000, while in Roscommon, it is €325,000; in Sligo, it is €350,000; and in Leitrim, it is €375,000.
This article has been funded by The Local Democracy Reporting Scheme.