The idea of finding an apartment with the famous “three B’s” (good, nice, and affordable) is becoming increasingly difficult in Mexico City. Housing prices continue to rise, and during the last year, the average cost increased by 2.4% per square meter. The central and western areas of the capital remain the most expensive places to live.
To understand the difference, living in Cuauhtémoc or Miguel Hidalgo, where the price per square meter exceeds 70,000 pesos, can be up to 3.5 times more expensive than living in Tláhuac, where the average reaches around 19,000 pesos per square meter, according to data updated through June.
According to the Banorte Housing Price Indicator (INBAPREVI), these figures reflect a “notable disparity” in housing costs, showing how location and demand play a major role in determining whether owning a home fits within someone’s budget or becomes unrealistic.
If you are looking for a house or apartment in Mexico City, these are the neighborhoods with the highest prices per square meter.
The Most Expensive Neighborhoods in Each Mexico City Borough
The boroughs of Miguel Hidalgo, Cuauhtémoc, Benito Juárez, Cuajimalpa, and Álvaro Obregón contain neighborhoods where housing prices exceed 64,000 pesos per square meter. In some cases, prices surpass 100,000 pesos per square meter.
The national average housing price is 31,911 pesos per square meter, meaning these five boroughs contain neighborhoods where prices are double or even triple the national average.
Álvaro Obregón
- Guadalupe Inn: 66,233 pesos/m²
- Los Alpes: 64,682 pesos/m²
- Merced Gómez: 63,295 pesos/m²
- Pueblo Axotla: 61,931 pesos/m²
- Santa Fe Centro: 60,695 pesos/m²
Azcapotzalco
- Ampliación del Gas: 50,608 pesos/m²
- Arenal: 50,107 pesos/m²
- El Jaguey: 48,891 pesos/m²
- Santo Tomás: 48,395 pesos/m²
- Ampliación Petrolera: 45,850 pesos/m²
Benito Juárez
- Acacias: 72,346 pesos/m²
- Xoco: 71,087 pesos/m²
- Nápoles: 66,598 pesos/m²
- Del Valle Sur: 65,892 pesos/m²
- Santa Cruz Atoyac: 63,816 pesos/m²
Coyoacán
- El Reloj: 62,093 pesos/m²
- Pueblo San Pablo Tepetlapa: 57,718 pesos/m²
- Barrio Santa Catarina: 55,785 pesos/m²
- Espartaco: 54,375 pesos/m²
- Del Carmen: 54,238 pesos/m²
Cuajimalpa
- Pueblo San Mateo Tlaltenango: 72,446 pesos/m²
- Santa Fe: 65,249 pesos/m²
- Cooperativa Palo Alto: 64,501 pesos/m²
- El Yaqui: 58,025 pesos/m²
- Contadero: 57,938 pesos/m²
Cuauhtémoc
- Juárez: 88,885 pesos/m²
- Tabacalera: 88,853 pesos/m²
- Hipódromo Condesa: 85,002 pesos/m²
- Roma Norte: 83,704 pesos/m²
- Hipódromo: 81,978 pesos/m²
Miguel Hidalgo
- Bosque de Chapultepec, 1st Section: 100,267 pesos/m²
- Polanco 3rd Section: 96,862 pesos/m²
- Polanco 5th Section: 94,803 pesos/m²
- Polanco 4th Section: 94,387 pesos/m²
- Mariano Escobedo: 90,494 pesos/m²
Polanco and Chapultepec: The Most Expensive Areas in Mexico City
The most expensive neighborhoods are located in Miguel Hidalgo, combining exclusivity with access to transportation, cultural spaces, and important avenues.
Bosque de Chapultepec, 1st Section
Located near the Auditorio Nacional and the Los Pinos Cultural Complex, this area is the most expensive place in Mexico City to buy a home, with prices reaching 100,267 pesos per square meter.
Polanco 3rd Section
With an average price of 96,862 pesos per square meter, it is the second most expensive neighborhood. It offers access to areas such as Lincoln Park, Avenida Presidente Masaryk, Ejército Nacional, Metro Auditorio, Metro Polanco, and Line 7 of the Metrobús.
Polanco 5th Section
With prices of 94,803 pesos per square meter, this area remains among the most exclusive residential zones in the capital.
Polanco 4th Section
Between the third and fifth sections of Polanco, housing prices reach 94,387 pesos per square meter, with access to Paseo de la Reforma.
Mariano Escobedo
This small neighborhood north of Polanco has an average cost of 90,494 pesos per square meter, influenced by its location near important universities and business areas.
Where Is Housing More Affordable?
According to Banorte’s indicator, the best opportunities for purchasing a home in Mexico City are found mainly in the eastern and southern areas of the capital.
The boroughs with the lowest average housing prices are:
- Tláhuac: 19,842 pesos/m²
- Iztapalapa: 26,402 pesos/m²
- Xochimilco: 27,971 pesos/m²
- Venustiano Carranza: 36,884 pesos/m²
- Iztacalco: 38,189 pesos/m²
Banorte’s data indicates that housing prices nationwide increased 4% between June 2025 and June 2026. Mexico City remains the most expensive state-level housing market in the country.
Additionally, the report indicates that 76.9% of homes available for purchase in Mexico City are apartments, showing the growing importance of vertical housing in the capital.
Source: elfinanciero
