The housing market in Fars Province varies dramatically between the bustling capital and rural villages. In Shiraz, modern high-rise apartments and condominiums are the norm in newly developed northern and western neighborhoods, while the historic city center features traditional courtyard homes, many of which are being converted into boutique hotels or cafes.
Home prices and rental costs in Shiraz are among the highest in the country outside of Tehran, driven by urbanization and demand from neighboring southern provinces. In smaller cities like Marvdasht or Fasa, single-family homes are more common and significantly more affordable.
Like much of Iran, Fars has been a site for the Mehr Housing Project (Maskan-e Mehr) and subsequent national affordable housing schemes, which aim to construct subsidized apartment complexes on the outskirts of major cities to support lower-income families.