The housing market in Shiraz features a mix of high-density modern apartment buildings and traditional single-family courtyard homes. In recent decades, rapid urbanization has led to a boom in condominium and apartment construction.
Real estate prices vary drastically by district. The northern and northwestern neighborhoods, situated at slightly higher elevations with better air quality and mountain views, are highly desirable and expensive. The southern and eastern districts generally offer more affordable housing options. Historic homes in the city center are increasingly being preserved and converted into boutique hotels and cafes, though many residential alleys still feature traditional brick-and-mud architecture.