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.

Key information about House Prices Growth

• Mexico house prices grew 8.9% YoY in Dec 2025, following an increase of 8.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2006 to Dec 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.

Graph and download economic data for Real Residential Property Prices for Mexico (QMXR628BIS) from Q1 2005 to Q3 2025 about Mexico, residential, HPI, housing, real, price index, indexes, and price.

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.

Residential Property Prices in Mexico increased 8.86 percent in September of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Mexico Residential Property Prices.

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.

Mexico House Price Index: Quintana Roo data was reported at 115.600 2017=100 in Mar 2019. This records an increase from the previous number of 112.500 2017=100 for Dec 2018. Mexico House Price Index: Quintana Roo data is updated quarterly, averaging 77.800 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 115.600 2017=100 in Mar 2019 and a record low of 48.900 2017=100 in Mar 2005. Mexico House Price Index: Quintana Roo data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB007: House Price Index: by State: 2017=100.

House price index in Mexico, September, 2025 The most recent value is 293.04 index points as of Q3 2025, an increase compared to the previous value of 287.24 index points. Historically, the average for Mexico from Q1 2005 to Q3 2025 is 148.08 index points. The minimum of 72.55 index points was recorded in Q1 2005, while the maximum of 293.04 index points was reached in Q3 2025. | TheGlobalEconomy.com

The Mexican housing market has grown notably since 2010, with home prices almost tripling by 2025. The second quarter of 2025 saw the nominal house price index reach ****** index points, implying a growth rate of *** percent since 2010, the baseline year for the index. Adjusted for inflation, the increase was more modest, with the real house price index amounting to ****** index points in 2024, or a growth rate of approximately ** percent.

Residential real estate prices in Mexico have been on an upward trend for more than a decade. In the fourth quarter of 2024, the average house price decreased by **** percent annually. Accounting for inflation, the increase was slightly lower, at **** percent. Across the different states, Mexico City was the most expensive location to buy a home.

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.

Web scraped listing price data for Mexico City for the year 2018

The house price to rent index in Mexico has risen quarter on quarter since 2015, suggesting that property prices have grown faster than rents. The index is calculated by dividing the median house price by the median annual rent, with 2015 chosen as a base year. In the second quarter of 2025, the house price to rent index amounted to ***** index points, meaning that house price growth outpaced rental growth by ** percent.

Dataset

This dataset was created by Allan Kirwa

Released under Apache 2.0

Contents

Discover the booming Mexican residential real estate market! Our in-depth analysis reveals a $14.51B market with a 4.14% CAGR (2025-2033), driven by a growing middle class and tourism. Learn about key players, market segments, and regional trends shaping this dynamic sector. Invest wisely with our insights. Recent developments include: June 2023: Habi, a prominent real estate technology platform, is set to receive a substantial financial boost of USD 15 million from IDB Invest. This funding, spread over four years, aims to fuel Habi's expansion plans in Mexico. While the structured loan has the potential to reach USD 50 million, its primary focus is to cater to Habi's working capital needs. IDB Invest's strategic move is not just about bolstering Habi's growth; it also aims to leverage technology to enhance liquidity and agility in Mexico's secondary real estate markets. By addressing the housing gap in Mexico, this funding initiative is poised to elevate market efficiency, bolster transparency, encourage local contractors for home renovations, and expand Habi's corridor network., June 2023: Celaya Tequila, a premium tequila brand crafted in small batches and co-founded by brothers Matt & Ryan Kalil, is forging a philanthropic alliance with New Story, a non-profit dedicated to eradicating global homelessness. In a groundbreaking move, Celaya Tequila pledges to contribute a percentage of sales from every bottle towards an affordable housing endeavor in Jalisco, Mexico. This endeavor aims to empower underprivileged families in Jalisco by enhancing their access to homes and land ownership.. Key drivers for this market are: 4., Increasing Residential Real Estate Demand by Young People4.; Increase in Average Housing Price in Mexico. Potential restraints include: 4., Increasing Residential Real Estate Demand by Young People4.; Increase in Average Housing Price in Mexico. Notable trends are: Demand for Residential Real Estate Witnessing Notable Surge, Primarily Driven by Young Homebuyers.

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 House Prices: YoY: Monterrey data was reported at 9.400 % in Mar 2019. This records a decrease from the previous number of 9.900 % for Dec 2018. Mexico House Prices: YoY: Monterrey data is updated quarterly, averaging 6.500 % from Mar 2006 (Median) to Mar 2019, with 53 observations. The data reached an all-time high of 10.000 % in Sep 2018 and a record low of 1.200 % in Jun 2010. Mexico House Prices: YoY: Monterrey data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB009: House Price Index: 2017=100: Year on Year Growth.

The average housing price in Mexico City's metropolitan area reached ****** Mexican pesos per square meter in 2018, a decrease of approximately *** percent in comparison to the previous year. Meanwhile, in Greater Guadalajara and Greater Monterrey, housing prices increased by *** and ***** percent in the same period, respectively.

In 2025, Mexico was the country with the highest annual nominal increase in house prices in the Americas region. In the first quarter of the year, house prices in Mexico rose by nearly *** percent annually, whereas globally, the increase was *** percent. These figures are based on the development of the nominal house price index, with 2010 chosen as a baseline year. Furthermore, it is important to note that the nominal index does not account for the effects of inflation and that price growth in real terms was slower.

Housing Prices in CDMX

This dataset provides a snapshot of housing prices in Mexico City (CDMX), captured during a period when the Mexican Peso was approximately 18.80 against the US Dollar. It offers a clear view into the residential real estate market within CDMX, a dynamic and influential urban center. The data includes key variables such as property type, specific locality within the city, pricing details, and surface area. This combination allows for a focused analysis of how these core characteristics influence property values in a significant Latin American metropolis under specific economic conditions.

This cleaned and refined dataset is derived from the original work of Omar Faruk. While the foundational information comes from his valuable contribution, I've undertaken a significant process of data cleaning and feature reduction. My aim was to enhance the dataset's readability and usability, making it more accessible for researchers, data scientists, and anyone interested in real estate trends in CDMX. By focusing on the most relevant features and ensuring data integrity, this version is streamlined for more direct and efficient analysis.

Whether you're exploring urban economics, real estate analytics, or simply curious about housing market dynamics in Mexico City, this dataset offers a practical starting point. It's designed to facilitate straightforward exploratory data analysis and basic predictive modeling, providing foundational insights into pricing structures amidst specific currency exchange rates. Your feedback and findings are highly encouraged!

Features

Notes: 1. For listings missing geographic coordinates, we imputed latitude and longitude values using official territorial references from INEGI (Mexico's National Institute of Statistics and Geography). 2. Second version have two additional features. Since there was several values in 'lat-lon' that were wrongly separated, I fixed that. Also, while maintaining the original feature, I separated the latitude and longitud values for mapping flexibility (the 2 extras features). 3. If you found this project valuable or insightful, I invite you to support it by giving it an upvote. Your encouragement helps amplify meaningful work and motivates continued research and sharing of open data resources.