São Miguel Island Property Prices, Rents & Rental Yields

Data updated monthly.Last update:September 3, 2026
Portugal
Confidence
Low

São Miguel Island market overview: score, prices and rental yields

Market Score

12Poor
12 / 100
Investability
16
Price momentum
14
Rental demand
0
Sales demand
0

Median asking price

€370,000
1M
+0.5%
1Y
-2.9%
Median asking price
MonthMedian asking price
October 2025€383,500
November 2025€377,410
December 2025€372,000
January 2026€372,000
February 2026€370,000
March 2026€365,000
April 2026€360,000
May 2026€355,000
June 2026€350,000
July 2026€350,000
August 2026€368,000
September 2026€370,000

Median monthly rent

€1,200
1M
+14.3%
1Y
+34.1%
Median monthly rent
MonthMedian monthly rent
October 2025€1,050
November 2025€950
December 2025€880
January 2026€950
February 2026€960
March 2026€1,150
April 2026€1,170
May 2026€1,180
June 2026€1,200
July 2026€1,250
August 2026€1,050
September 2026€1,200

Gross Rental Yield

3.9%
1M
+2.8%
1Y
+14.7%
Gross Rental Yield
MonthGross Rental Yield
October 20253.95%
November 20253.93%
December 20253.41%
January 20263.39%
February 20263.73%
March 20264.21%
April 20264.21%
May 20264.2%
June 20264.2%
July 20264.34%
August 20263.79%
September 20263.9%

Median price per m²

€3,490
1M
-4.2%
1Y
+2.6%
Median price per m²
MonthMedian price per m²
October 2025€3,420
November 2025€2,980
December 2025€3,100
January 2026€3,180
February 2026€3,190
March 2026€3,290
April 2026€3,300
May 2026€3,320
June 2026€3,330
July 2026€3,330
August 2026€3,640
September 2026€3,490

Market Breakdown

Property listings (951 for sale)

No data available

Top submarket

48
Gross Rental Yield
3.85 %
Median asking price
€378k
Median monthly rent
€1,200

Gross Rental Yield

Gross Rental Yield
CategoryGross Rental Yield
2 bedroom4.2%

Median price per m²

Median price per m²
CategoryMedian price per m²
2 bedroom€3,910

Number of listings for sale

Number of listings for sale
CategoryNumber of listings for sale
2 bedroom76

Number of listings for rent

Number of listings for rent
CategoryNumber of listings for rent
2 bedroom18

Market Trends

Listings by property size

2 bedroom (100%)
Listings by property size
CategoryListings by property size
2 bedroom (100%)94 listings (100%)

Sales Activity Index

11-38%
Sales Activity Index
MonthSales Activity Index
October 202517%
November 202538%
December 202537%
January 202614%
February 202622%
March 202612%
April 202616%
May 202619%
June 202623%
July 202611%
August 202617%
September 202619%

Rent Activity Index

30-69%
Rent Activity Index
MonthRent Activity Index
October 202540%
November 202568%
December 202569%
January 202630%
February 202647%
March 202646%
April 202653%
May 202659%
June 202665%
July 202637%
August 202667%
September 202650%

Median asking price

Median asking price
Month2 bedroom
October 2025€379.9k
November 2025€369.9k
December 2025€378k
January 2026€378.8k
February 2026€372k
March 2026€370k
April 2026€367.3k
May 2026€364.7k
June 2026€362k
July 2026€368k
August 2026€378k
September 2026€371k

Median monthly rent

Median monthly rent
Month2 bedroom
October 2025€1,100
November 2025€1,030
December 2025€1,150
January 2026€950
February 2026€930
March 2026€1,380
April 2026€1,400
May 2026€1,430
June 2026€1,450
July 2026€1,450
August 2026€1,450
September 2026€1,300

Years to profit (sale to rent ratio)

Years to profit (sale to rent ratio)
Month2 bedroom
October 202528.78
November 202530.08
December 202527.39
January 202633.22
February 202633.51
March 202622.42
April 202621.88
May 202621.34
June 202620.8
July 202621.15
August 202621.72
September 202623.78

Median price per m²

Median price per m²
Month2 bedroom
October 2025€3,520
November 2025€3,590
December 2025€3,180
January 2026€3,410
February 2026€3,410
March 2026€3,430
April 2026€3,570
May 2026€3,710
June 2026€3,850
July 2026€3,640
August 2026€4,020
September 2026€3,910

About São Miguel Island

São Miguel Island is the largest in Portugal’s Azores archipelago, located in the central Atlantic. Its volcanic landscape features crater lakes, emerald pastures and a rugged coastline that shaped a long maritime heritage. Settled towns cluster around the coast, reflecting a history of seafaring, trade and farming.

The economy centers on tourism, agriculture and services, with growing activity in hospitality, fishing and light manufacturing. The connectivity—air and sea links, ports and regional administration—helps sustain a housing market that appeals to investors and long-term residents.

Rental demand is driven by students, professionals, digital nomads and seasonal visitors, while the island’s mix of towns offers options near the coast and in leafy inland areas. A stable resident base, alongside recurring tourism, sustains the demand for a range of housing types.
Name
All
3.9 %
155
36
€370,000
€1,200
Studio
-- %
--
--
--
--
1 Bedroom
-- %
--
--
--
--
2 Bedrooms
4.2 %
76
18
€371,000
€1,300
3 Bedrooms
-- %
--
--
--
--
4+ Bedrooms
-- %
--
--
--
--

Summary and Key Takeaways

With a median rental yield of 3.9% and property prices starting at €371,000, São Miguel Island

may become a good investment option for some investors.

Median property prices in São Miguel Island are €370,000, while the median rent is €1,200. This means that a median property in São Miguel Island will pay for itself in 25.7 years.

Detailed real estate yield breakdown:

A median 2-bedroom apartment: 4.20% yield, sale price €371,000, rent €1,300.

Where exactly to buy the property?

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