Property investment in Modena, Italy
2026 Market Data & Investment Analysis
Gross Yield
6.55%
Annual rent / price
Median Home Price
€176,000
As of 2026-Q1
Median Monthly Rent
€960
Per month
Population
185,450
+0.7% / yr (5y avg)
Estimates based on median market data. Actual returns depend on your specific property. Source: Immobiliare.it / ISTAT / Agenzia delle Entrate (OMI), 2026-Q1.
Calculate your rental yield in Modena
Pre-filled with Modena's median values. Adjust to match your specific property.
Property Details
Total acquisition cost before taxes
HOA, insurance, property management
% of time the property is empty
% of purchase price (e.g. 2% = 2)
Rule of thumb: 1% of purchase price/yr
Results
Gross Rental Yield
6.55%
Net Rental Yield
3.85%
Cap Rate
3.85%
Monthly Cash Flow
€565.33
Annual Cash Flow
€6,784.00
Modena rental market at a glance
Median Home Price — 5-Year Trend
Median Monthly Rent — 5-Year Trend
Modena sits at the heart of Italy's thriving Motor Valley and food economy, with one of the country's lowest unemployment rates — a foundation for stable rents and yields above 6.5%.
Modena provides solid rental yields of 6.55%, in line with healthy investment market benchmarks.
Modest population growth of 0.7% per year indicates a stable but slowly growing rental market.
The vacancy rate of 3.8% is healthy, indicating strong rental demand and limited downtime between tenants.
What type of investment market is Modena?
Modena is a cash flow-focused market where high rental yields can generate strong monthly income. Lower population growth means price appreciation may be limited, making this primarily an income play.
✓ Strengths
- •High gross yield of 6.55% supports strong monthly cash flow
- •Lower entry prices relative to rents reduce upfront capital needed
- •Income-driven returns are less dependent on market timing
! Risks
- •Limited price appreciation potential reduces total return
- •Modest population growth limits long-term demand growth
Key Metrics
How does Modena compare to nearby cities?
Modena vs Bologna: 0.4 percentage point difference in gross yield.
| City | Median Price | Median Rent | Gross Yield | Pop. Growth |
|---|---|---|---|---|
| Bologna | €256,000 | €1,320 | 6.19% | +1.2% |
| Parma | €192,000 | €1,040 | 6.5% | +0.5% |
| Ferrara | €128,000 | €720 | 6.75% | -0.1% |
| Reggio Emilia | €168,000 | €920 | 6.57% | +0.8% |
Common questions about investing in Modena
Is rental investing profitable in Modena?▾
What is the average rental yield in Modena?▾
How does Modena compare to Bologna for investors?▾
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