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.

Graph and download economic data for Residential Property Prices for Mexico (QMXN628BIS) from Q1 2005 to Q2 2025 about Mexico, residential, HPI, housing, 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.

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.

Residential Property Prices in Mexico increased 8.71 percent in June 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.

The Mexico Residential Real Estate Market Report is Segmented by Business Model (Sales, Rental), by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Price Band (Affordable, Mid-Market, Luxury), by Mode of Sale (Primary New-Build, Secondary Existing-Home Resale), and by States (Mexico City CDMX, Nuevo León, Jalisco, Querétaro, Rest of Mexico). The Market Forecasts are Provided in Terms of Value USD.

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.

Dataset

This dataset was created by Allan Kirwa

Released under Apache 2.0

Contents

The Mexican residential real estate market, valued at $14.51 billion in 2025, exhibits a promising growth trajectory with a Compound Annual Growth Rate (CAGR) of 4.14% projected from 2025 to 2033. This robust expansion is fueled by several key drivers. A growing middle class with increasing disposable income is a significant factor, alongside government initiatives promoting affordable housing and infrastructure development. Urbanization continues to drive demand, particularly in major metropolitan areas like Mexico City, Guadalajara, and Monterrey. Furthermore, the tourism sector's influence on secondary housing markets in coastal and resort regions contributes significantly to the overall market dynamism. However, challenges exist; fluctuations in the Mexican Peso against the US dollar can affect investment sentiment, and interest rate changes impact mortgage accessibility. Regulatory hurdles and bureaucratic processes related to land ownership and construction permits sometimes impede development. The market is segmented by property type, with apartments and condominiums likely holding the largest share, followed by landed houses and villas, reflecting diverse consumer preferences and housing needs. Competition is intense, with a mix of both large national developers like Grupo Lar and Grupo Sordo Madaleno, alongside smaller regional players vying for market share. The market's future success depends on navigating these challenges effectively while capitalizing on the underlying growth opportunities. The projected market expansion will likely see a more pronounced increase in higher-value segments (landed houses and villas) as rising incomes fuel demand for luxury properties. Geographical variations are expected; while urban centers will experience sustained growth, resort areas might see more volatile fluctuations influenced by tourism trends. The market's resilience will be tested by its ability to adapt to potential economic shifts and effectively address regulatory constraints. Continuous investment in infrastructure and supportive government policies will be pivotal in fostering sustainable and inclusive growth across all market segments within the forecast period. The presence of both large and small players ensures a competitive landscape, promoting innovation and diversification within the industry. 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.

Housing prices in Guadalajara's metropolitan area increased by over *** percent between 2013 and 2021, going from ***** Mexican pesos to ****** pesos per square meter in the latter year. During the last 20 years, the population of the Mexican city decreased around ******* inhabitants.

Housing prices in Monterrey's metropolitan area increased by approximately **** percent between 2013 and 2018, reaching ***** Mexican pesos per square meter in the latter year. In comparison, housing prices in Greater Guadalajara increased by over **** percent in the same period.

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.

Houses.csv - Web scraping was performed on https://propiedades.com/mexicali/casas-venta?pagina=1#remates=2 with the filters: Sale; Houses

mxl.shp - Population data were obtained from CONAPO's portal in the actions and programs of CONAPO in the actions and programs section. Marginalization in Mexico: https://www.gob.mx/conapo/acciones-y-programas/marginacion-en-mexico. A reshape of the map was downloaded and modified from Mexico's Open Data page. Zip Code Location Map for Baja California: https://datos.gob.mx/busca/dataset/ubicacion-de-codigos-postales-en-mexico/resource/39217bc6-f30b-429b-a4ba-4e2e5eea1a6d

Graph and download economic data for Consumer Price Index: Housing for Mexico (MEXCPIHOUAINMEI) from 1980 to 2017 about Mexico, CPI, housing, price index, indexes, and price.

The average housing price per square meter in Mexico City's metropolitan area increased by over **** percent between 2013 and 2018, reaching over ****** Mexican pesos in the latter year. In comparison to 2017, housing prices in the Mexican region decreased by one percent. Greater Mexico City reported the highest average housing prices amongst the country's largest metropolitan areas.

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.

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.

Discover the booming Mexican residential real estate market! This in-depth analysis reveals a $14.51B market with a 4.14% CAGR, driven by urbanization & foreign investment. Learn about key players, market trends, and future projections for Mexico's housing sector. Explore market segmentation, regional breakdowns, and key growth drivers. 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., Lack of Affordable Housing Inhibiting the Growth of the Market4.; Economic Instability Affecting the Growth of the Market. Notable trends are: Demand for Residential Real Estate Witnessing Notable Surge, Primarily Driven by Young Homebuyers.

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.