Finding a house in Addis Ababa that’s both affordable and comfortable can be a challenge, especially with the rising cost of land and construction materials. However, there are still a few neighborhoods where you can find semi- or fully finished villas and G+1 to G+2 houses at reasonable prices.
If you’re searching for cheap houses for sale in Addis Ababa, here are three neighborhoods worth exploring Ayat, Goro Yerer, and Bole Arabsa.
1. Ayat - Affordable Modern Living in a Prime Location
Ayat is one of the fastest-growing residential areas in Addis Ababa, located in the eastern part of the city. It’s known for its calm environment, modern homes, and easy access to the ring road.
In Ayat, you can find semi-finished or fully finished villas and G+1–G+2 houses priced between ETB 18 million and 30 million, depending on size, location, and finishing quality.
The area offers:
- Reliable infrastructure and access roads
- Nearby schools, supermarkets, and cafes
- Peaceful community environment
- Great long-term value for investment
Ayat is ideal for families or buyers who want a modern home in a quiet area without paying Bole-level prices.
2. Goro Yerer - The New Hub for Affordable Villas
Goro Yerer is another great neighborhood for anyone looking for cheap houses for sale in Addis Ababa. Located slightly outside the city center, it’s becoming a hotspot for new housing developments.
Here, property prices are generally more affordable than in central Addis. You can find semi- and fully finished G+1 or G+2 houses starting from ETB 18 million.
Why Goro Yerer is worth considering:
- Larger plots of land compared to inner-city areas
- Newly built houses with modern designs
- Easy access to main roads and transport
- Great potential for property appreciation
If you’re planning to buy a house for both living and investment, Goro Yerer offers excellent value for money.
3 Bole Arabsa
Bole Arabsa combines convenience and affordability. It’s one of the few neighborhoods where buyers can still find modern villas and G+1–G+2 houses within the ETB 20–30 million range
Bole Arabsa is popular among young professionals and returning diaspora buyers thanks to:
- Its proximity to Bole and CMC areas
- Modern, newly built houses
- Good road access and expanding infrastructure
- Safe, quiet residential environment
If you want to live close to central Addis without spending over ETB 40 million, Bole Arabsa is a smart choice.
Final Thoughts
Buying a cheap house in Addis Ababa doesn’t mean compromising on quality. Neighborhoods like Ayat, Goro Yerer, and Bole Arabsa offer a balance between price, comfort, and future investment value.
If you’re looking to buy a semi- or fully finished home in these areas, our team at Live Ethio Real Estate Consulting can help you find verified listings and guide you through the purchase process.
📞 Contact us today to explore affordable houses for sale in Addis Ababa and start your homeownership journey with confidence.