Comprehensive Guide to Kiryat Ono: A City for Investors and Growing Families

Kiryat Ono offers a solid long-term investment opportunity for those seeking stability. Prices increased 75% over the past decade and are still 20-40% lower than Givatayim and Ramat Gan. 17 urban renewal projects and future connectivity to light rail (Purple Line and M3 Line) are expected to increase property values. However, rental yield of 2.5% is relatively low, and supply of 1,550 unsold new apartments may pressure prices in the short term.

Kiryat Ono's excellent education system is a central factor in the city's attractiveness to families. The city ranks fourth nationally in percentage of students at 5-unit mathematics level (84.5%), and Ben Zvi High School was selected for the list of outstanding schools. Studies show excellent schools add 10-15% to property values in the area. Continuous investment in education (opening of new S.Y. Agnon School, expansion of Katzir High School to 30 classrooms) ensures maintaining standards and attracts quality buyers.

17 approved urban renewal plans will significantly change Kiryat Ono's real estate landscape. On one hand, these projects upgrade housing quality and add value to neighborhoods (like Alma and ONO ONE projects). On the other hand, adding thousands of housing units will increase supply - already there are 1,550 unsold new apartments, which will take developers approximately 7.5 years to sell at current pace. Smart investors will focus on properties in upgraded neighborhoods not yet flooded with new supply.

Kiryat Ono faces significant change in public transportation. The northern branch of the Purple Line light rail will pass along its edge with a station on the axis between Sheba Road and Jabotinsky Street. Two M3 metro line stations are planned in the city, connecting it to the Gush Dan metro network. The Green Line is expected to open fully in 2030, and the Red Line already operates nearby. These improvements are expected to increase property values near stations by 15-25% according to international studies.

Significant price differences exist between neighborhoods: Pisgat Ono (prestigious neighborhood) - average 4-room apartment 4.1 million NIS; Pardes Reisfeld (New Kiryat Ono) - average 4-room apartment 3.37 million NIS; Kira'on - average 4-room apartment 2.95 million NIS; Old Kiryat Ono (Shikun Rasco) - lowest prices but with urban renewal potential. Differences stem from building age, infrastructure quality, proximity to services, and area school quality.

The Climate Action Plan 2030 and green building requirements add 3-7% to construction costs, but also raise property quality and reduce operating expenses for tenants. Green building reduces energy consumption by 30-40% and improves quality of life. For investors, green properties sell for 5-10% more and rent faster. The municipality offers incentives for green projects, including accelerated licensing processes, offsetting some additional costs.