Modena Property Prices, Rents & Rental Yields

About Modena

Modena sits at the heart of Emilia-Romagna’s industrial and cultural corridor, combining a historic city center, strong local identity and a well-connected provincial setting. For investors, it is a location where heritage and day-to-day utility meet in a compact urban market.

August 2026 brings the clearest signal: apartment values are still moving higher, but the income side is not keeping pace. The average sale price has reached €278,000, while the average m2 price is €2,480, up 4.4% month on month and 3.0% year on year. That price momentum is stronger than the rent trend, with the average rent price holding at €1,000 and showing only a 0.5% monthly increase and no annual change.

The result is a market tension that matters for investment decisions. At a 5.59% yield, Modena still offers a usable return profile, but rising capital values may be narrowing room for new entrants to secure the same economics seen earlier in the year. For apartment investors, August points to a market that is appreciating steadily, yet without a matching lift in rents to fully offset the higher purchase cost.