Housing prices in Mexico City saw a 2.6% year-on-year increase in March 2026, positioning the capital as the state with the most expensive square meter in the country, averaging 58,000 pesos. This figure reinforces the restrictive nature of the capital’s real estate market compared to other Mexican regions.
Mexico City is currently the most expensive real estate market in Mexico. The 2.6% year-on-year growth is below the national average of 3.9% for the same period, but the difference in the absolute value per square meter remains substantial.
In contrast, the national average price per square meter was 31,000 pesos, while in Tamaulipas, the most affordable state, the value was 18,000 pesos.
This gap is explained by sustained demand and the structural characteristics of the capital’s market. In Mexico City, 38% of the housing supply consists of new homes, while 21% comprises properties between 20 and 50 years old. Properties under construction represent only 5.7% of the total.
Mexico City maintains the greatest disparity in housing prices nationwide. This phenomenon is associated with the high concentration of employment, infrastructure, and services, which increases pressure on the market and restricts the supply of available land.
According to INBAPREVI (National Institute for Housing Planning and Budget), apartments represent 76% of properties for sale in the capital, compared to 24% for houses, reflecting both vertical development trends and residents’ preferences.
The predominance of new homes and apartments directly impacts market access. Buyers face prices significantly higher than the national average, as well as higher down payment and maintenance costs, especially in high-demand areas.
The high cost of housing in the capital limits purchasing power and affects family planning for those who live in or wish to move to Mexico City.
The price difference compared to the national average—more than 26,000 pesos per square meter—makes the capital the least accessible city for homeownership.
Among the factors driving up prices are constant demand, the relative scarcity of land, and the predominance of new or recently built properties. Thus, the Mexico City market imposes unique conditions for both buyers and developers, with direct implications for urban dynamics.
Key data points for the sector include:
Average cost per square meter in March 2026: 58,000 pesos
Annual price growth: 2.6%
Apartments predominate in the market: 76%
Proportion of new housing: 38%
Share of properties under construction: 5.7%
Price trends are monitored by the Banorte Housing Price Index (INBAPREVI), which combines repeat sales methodologies and age adjustments to reflect the market’s actual evolution.
Since November 2025, the integration of new data sources has allowed for improved data accuracy and statistical continuity, strengthening the foundation for urban policy design and housing programs.
The index offers detailed information down to the neighborhood level in Mexico City, providing a granular overview for buyers, developers, and authorities alike.
Source: infobae
