Mexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in the third quarter of 2025. The capital city's average house price of 3.93 million Mexican pesos far exceeds the national average of 1.86 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the second quarter of 2025, the nominal house price index reached 287 points, representing a 187 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 50 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends given its large demographic influence on the national housing market.

Mexico Interest Rates on Household Credit: Mortgage Rate: Minimum data was reported at 9.360 % pa in Mar 2025. This stayed constant from the previous number of 9.360 % pa for Feb 2025. Mexico Interest Rates on Household Credit: Mortgage Rate: Minimum data is updated monthly, averaging 10.150 % pa from Dec 2004 (Median) to Mar 2025, with 244 observations. The data reached an all-time high of 12.490 % pa in Jun 2005 and a record low of 7.000 % pa in Oct 2021. Mexico Interest Rates on Household Credit: Mortgage Rate: Minimum data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Household Credit Interest Rates.

In the third quarter of 2025, Mexicans paid on average **** million Mexican pesos to acquire a residential property. Compared to the same period of the previous year, the nominal price increased by nearly ******* pesos. Mexico City registered the highest price for this type of property, with an average exceeding ***** million pesos per residential unit. Housing tenureCompared to renting or borrowing, house ownership is the favored form of housing tenure in Mexico. In 2022, nearly ** percent of all Mexican households owned their homes, while only ** percent rented them. Moreover, roughly ** percent of the owned households in the country were completely paid off, while the remaining households were still in the payment process. Mortgages in MexicoMortgages, or homeownership loans, are debt instruments used by individuals to acquire real estate property, without needing to pay the total cost upfront. Mortgages are universally common and important for Mexico’s residential real estate industry. In 2024, almost ********mortgage loans were granted in Mexico, increasing from the lowest amount the country had seen in the past decade a year earlier. From the mortgage value granted in 2022, approximately ** percent came from private banks.

Santander was the bank that offered the lowest interest rate for mortgage loans in Mexico in 2023. In January that year, the lowest annual interest rate offered by this bank amounted to **** percent. Banorte and Afirme were the two other banks that offered interest rates below ** percent. What are the mortgage rates in other countries worldwide? Mortgage interest rates vary widely across different countries, with some of the most attractive rates found in Europe. Mortgage rates have generally increased since 2021 because of rising inflation. That can clearly be seen in the development of mortgage rates in the United States, where interest rates more than doubled in just two years. How much does buying a home in Mexico cost? The average price of a home in Mexico was about *** million Mexican pesos in 2023, but in Mexico City, this figure was almost twice higher. Tamaulipas, Tlaxcala, and Durango were among the states where housing was least expensive.

Mexico Average House Price: Puebla data was reported at 1,155,664.000 MXN in Mar 2019. This records an increase from the previous number of 940,177.000 MXN for Dec 2018. Mexico Average House Price: Puebla data is updated quarterly, averaging 844,101.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,155,664.000 MXN in Mar 2019 and a record low of 665,014.000 MXN in Dec 2014. Mexico Average House Price: Puebla data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

The benchmark interest rate in Mexico was last recorded at 7.25 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Residential Property Prices for Mexico (QMXR628BIS) from Q1 2005 to Q2 2025 about Mexico, residential, HPI, housing, real, price index, indexes, and price.

Average House Price: Mexico City data was reported at 3,087,111.000 MXN in Mar 2019. This records an increase from the previous number of 1,479,381.000 MXN for Dec 2018. Average House Price: Mexico City data is updated quarterly, averaging 1,462,320.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 3,087,111.000 MXN in Mar 2019 and a record low of 1,352,679.000 MXN in Dec 2014. Average House Price: Mexico City data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Mexico: Percent of auto debt balance 90+ days delinquent: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Mexico from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Mexico Average House Price: San Luis Potosi data was reported at 1,141,116.000 MXN in Mar 2019. This records an increase from the previous number of 925,919.000 MXN for Dec 2018. Mexico Average House Price: San Luis Potosi data is updated quarterly, averaging 756,245.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,141,116.000 MXN in Mar 2019 and a record low of 614,897.000 MXN in Dec 2014. Mexico Average House Price: San Luis Potosi data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Discover the booming Latin American home mortgage finance market. This comprehensive analysis reveals key growth drivers, restraints, and market segmentation, including data on fixed-rate vs. adjustable-rate mortgages and regional breakdowns across Brazil, Chile, Peru, Colombia, and more. Projected to reach $XX million by 2033, learn about the top players and investment opportunities in this dynamic sector. Recent developments include: In August 2022, Two new mortgage fintech start-ups emerged in Latin America: Toperty launched in Colombia and Saturn5 is about to launch in Mexico. Toperty offers to purchase a customer's new house outright and provides a payment schedule that allows the customer to purchase the house while renting it from the business. Saturn5 wants to give its clients the skills and resources they need to buy a house on their own., In August 2022, During a conference call on August 5, Brazilian lender Banco Bradesco SA startled analysts by reporting an increase in default rates in the second quarter of 2022. The average 90-day nonperforming loan ratio for Bradesco, the second-largest private bank in Latin America, increased by 30 basis points. Delinquency in the overall portfolio increased to 3.5% from 2.5% and 3.2%, respectively, in the first quarter.. Notable trends are: Increase in Economic Growth and GDP per capita.

Mexico Interest Rates on Household Credit: Mortgage Rate: Average data was reported at 11.600 % pa in Oct 2025. This records a decrease from the previous number of 11.610 % pa for Sep 2025. Mexico Interest Rates on Household Credit: Mortgage Rate: Average data is updated monthly, averaging 10.180 % pa from Dec 2004 (Median) to Oct 2025, with 251 observations. The data reached an all-time high of 14.150 % pa in Jan 2005 and a record low of 9.930 % pa in Oct 2020. Mexico Interest Rates on Household Credit: Mortgage Rate: Average data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M: Household Credit Interest Rates.

Mexico Average House Price: Jalisco data was reported at 1,149,022.000 MXN in Mar 2019. This records an increase from the previous number of 810,302.000 MXN for Dec 2018. Mexico Average House Price: Jalisco data is updated quarterly, averaging 689,839.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,149,022.000 MXN in Mar 2019 and a record low of 587,643.000 MXN in Mar 2015. Mexico Average House Price: Jalisco data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Key information about House Prices Growth

• Mexico house prices grew 8.9% YoY in Sep 2025, following an increase of 8.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2006 to Sep 2025, with an average growth rate of 10.2%.
• House price data reached an all-time high of 11.7% in Mar 2023 and a record low of 2.2% in Jun 2010.

Mexico Average House Price: Baja California data was reported at 903,598.000 MXN in Mar 2019. This records an increase from the previous number of 720,437.000 MXN for Dec 2018. Mexico Average House Price: Baja California data is updated quarterly, averaging 658,724.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 903,598.000 MXN in Mar 2019 and a record low of 562,050.000 MXN in Dec 2014. Mexico Average House Price: Baja California data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Mexico Average House Price: Chiapas data was reported at 932,933.000 MXN in Mar 2019. This records an increase from the previous number of 812,351.000 MXN for Dec 2018. Mexico Average House Price: Chiapas data is updated quarterly, averaging 778,626.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 932,933.000 MXN in Mar 2019 and a record low of 647,440.000 MXN in Dec 2014. Mexico Average House Price: Chiapas data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Mexico Average House Price: Oaxaca data was reported at 964,064.000 MXN in Mar 2019. This records an increase from the previous number of 881,303.000 MXN for Dec 2018. Mexico Average House Price: Oaxaca data is updated quarterly, averaging 739,920.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 964,064.000 MXN in Mar 2019 and a record low of 694,949.000 MXN in Jun 2016. Mexico Average House Price: Oaxaca data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Mexico Average House Price: Hidalgo data was reported at 771,871.000 MXN in Mar 2019. This records an increase from the previous number of 690,939.000 MXN for Dec 2018. Mexico Average House Price: Hidalgo data is updated quarterly, averaging 608,022.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 771,871.000 MXN in Mar 2019 and a record low of 508,716.000 MXN in Dec 2014. Mexico Average House Price: Hidalgo data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Mexico Average House Price data was reported at 1,071,235.000 MXN in Mar 2019. This records an increase from the previous number of 804,752.000 MXN for Dec 2018. Mexico Average House Price data is updated quarterly, averaging 730,167.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,071,235.000 MXN in Mar 2019 and a record low of 627,495.000 MXN in Dec 2014. Mexico Average House Price data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Mexico Average House Price: Aguascalientes data was reported at 892,205.000 MXN in Mar 2019. This records an increase from the previous number of 752,504.000 MXN for Dec 2018. Mexico Average House Price: Aguascalientes data is updated quarterly, averaging 631,635.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 892,205.000 MXN in Mar 2019 and a record low of 298,223.000 MXN in Dec 2014. Mexico Average House Price: Aguascalientes data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.