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This guide explains the current housing prices in Arequipa in 2026, using the latest figures we have checked for the local residential market.
We constantly update this blog post because Arequipa property prices can move quickly in Cayma, Yanahuara, Cerro Colorado, and other active districts.
You will find simple price ranges, buyer examples, cost estimates, and neighborhood comparisons for residential property in Arequipa.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Arequipa.
Insights
- The median housing price in Arequipa in 2026 is about S/492,000, or $144,000, which makes the city much cheaper than Lima’s prime areas.
- Arequipa has no complete official closed-sale price index, so the safest estimate uses live listings, new-build data, and local project prices together.
- New apartments in Cayma, Cerro Colorado, and Yanahuara often cost more per square meter than older houses because buyers pay for clean title, parking, and modern layouts.
- A practical middle-class buyer in Arequipa in 2026 should usually budget $100,000 to $220,000 for a good apartment.
- Large older houses can look cheap per square meter, but renovation, title checks, and layout problems can quickly change the true cost.
- The strongest Arequipa districts for expat-style demand are Cayma, Yanahuara, and Sachaca, but José Luis Bustamante y Rivero often offers better value.
- Listing prices in Arequipa are usually 6% to 10% above the final sale price, with bigger discounts on older houses and smaller discounts on good new-build units.
- For a clean resale purchase in Arequipa, buyers should usually add 4% to 6% to the agreed price for taxes, notary work, registration, and legal checks.
- A $500,000 budget in Arequipa is already high-end, while a $1,000,000 budget puts a buyer in a thin luxury market with fewer comparable sales.
What is the average housing price in Arequipa in 2026?
The median housing price in Arequipa in 2026 is more useful than the average because a few large houses in Cayma, Yanahuara, and Sachaca can push the average up.
We are writing this as of 2026 with the latest data collected from authoritative sources that we manually double checked.
As of 2026, the median housing price in Arequipa is about S/492,000, which is around $144,000 or €123,000. The average housing price in Arequipa in 2026 is higher, at about S/717,000, which is around $210,000 or €180,000.
For most residential properties in Arequipa in 2026, a realistic middle 80% range is about S/222,000 to S/1,708,000, or roughly $65,000 to $500,000, or €56,000 to €428,000.
A realistic entry range in Arequipa in 2026 is about S/205,000 to S/342,000, or roughly $60,000 to $100,000, or €51,000 to €86,000, which can buy a compact resale apartment of 45 to 65 m² in Paucarpata, Miraflores district, non-prime Cercado, or an outer part of Cerro Colorado.
A typical luxury property in Arequipa in 2026 starts around S/1.37 million to S/3.42 million+, or roughly $400,000 to $1,000,000+, or €343,000 to €857,000+, which usually means a large house or villa in Cayma Baja, Yanahuara, Sachaca, or prime Cerro Colorado.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Arequipa.
Are Arequipa property listing prices close to the actual sale price in 2026?
In Arequipa in 2026, listed residential property prices are usually about 6% to 10% above final sale prices, with 8% as a practical working estimate.
This gap exists because the Arequipa property market is less liquid than Lima, so many sellers leave room for negotiation. The gap is usually small for good new apartments in Cayma, Cerro Colorado, and Yanahuara, but it can be larger for older houses that need renovation or have weak documentation.
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What is the price per sq m or per sq ft for properties in Arequipa in 2026?
As of 2026, the median housing price in Arequipa is about S/3,825 per m², or $1,120 per m², or €959 per m², which is about S/355 per sq ft, or $104 per sq ft, or €89 per sq ft. The average housing price in Arequipa is about S/4,149 per m², or $1,215 per m², or €1,041 per m², which is about S/385 per sq ft, or $113 per sq ft, or €97 per sq ft.
The highest price per square meter in Arequipa in 2026 is usually found in new or recent apartments in Cayma, Yanahuara, and prime Cerro Colorado, while the lowest price per square meter is usually found in large older houses or peripheral properties that need work.
The highest Arequipa price-per-m² ranges are usually in Cayma, Yanahuara, and prime Cerro Colorado, at about S/4,800 to S/6,200 per m². The lowest ranges are usually in Paucarpata, Miraflores district, Alto Selva Alegre, and Tiabaya, where many properties sit around S/1,800 to S/3,400 per m².
How have property prices evolved in Arequipa?
Compared with one year ago, property prices in Arequipa in 2026 look about 7% higher in soles. After inflation, the real increase is closer to 4%, mostly because better new-build projects in Cayma and Cerro Colorado lifted price expectations.
Compared with two years ago, property prices in Arequipa in 2026 look roughly 12% to 15% higher in soles. The increase comes from stronger apartment demand, higher construction costs, and more formal projects in upper-middle areas of Arequipa.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Peru.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Arequipa.
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How do prices vary by housing type in Arequipa in 2026?
In Arequipa in 2026, active residential supply is roughly 42% apartments, 38% houses, 8% duplexes or triplexes, 5% villas or large luxury houses, 4% small older units or studios, and 3% other residential formats, because the city still has many family houses but new formal supply is increasingly apartment-led.
As of 2026, an average apartment in Arequipa is around S/478,000, or $140,000, or €120,000, while an average house is closer to S/854,000, or $250,000, or €214,000. A duplex or triplex is usually around S/768,000, or $225,000, or €193,000, a villa or luxury house is closer to S/2.05 million, or $600,000, or €514,000, a small older unit is around S/256,000, or $75,000, or €64,000, and a new-build apartment is around S/560,000, or $164,000, or €140,000.
If you want to know more, you should read our dedicated analyses:
- How much should you pay for a house in Arequipa?
- How much should you pay for an apartment in Arequipa?
How do property prices compare between existing and new homes in Arequipa in 2026?
In Arequipa in 2026, new construction is typically 18% to 28% more expensive per square meter than a comparable resale property, with 22% as a strong working estimate.
This premium exists because new apartments in Arequipa are often easier to finance, easier to rent, easier to resell, and more likely to include parking, elevators, clean documentation, and modern layouts.
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How do property prices vary by neighborhood in Arequipa in 2026?
Cayma is one of the most expensive residential areas in Arequipa in 2026, with apartments, large houses, and luxury homes often priced from S/550,000 to S/2.4 million, or about $161,000 to $703,000, or €138,000 to €602,000. Prices are high because Cayma has strong services, restaurants, clinics, shopping, and the kind of residential setting many expat buyers understand quickly.
Yanahuara is also a premium Arequipa neighborhood in 2026, with many apartments, traditional houses, and renovated homes priced from S/500,000 to S/2.0 million, or about $146,000 to $586,000, or €125,000 to €502,000. Buyers pay more for central access, views, historic appeal, and a lifestyle that feels more established than newer growth areas.
Sachaca is a family-oriented Arequipa area in 2026, with houses and larger homes often priced from S/450,000 to S/1.6 million, or about $132,000 to $469,000, or €113,000 to €401,000. Prices are supported by space, quieter streets, greenery, and demand from buyers who want more house rather than a compact apartment.
You will find a much more detailed analysis by areas in our property pack about Arequipa. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Area in Arequipa | Market label | Typical total price | Typical price per m² | Typical price per sq ft |
|---|---|---|---|---|
| Cayma | Premium / expat | S/550k to S/2.4M $161k to $703k |
S/4,800 to S/6,200 $1,406 to $1,816 |
S/446 to S/576 $131 to $169 |
| Yanahuara | Historic / popular | S/500k to S/2.0M $146k to $586k |
S/4,500 to S/6,000 $1,318 to $1,757 |
S/418 to S/557 $122 to $163 |
| Cerro Colorado | New-build / growth | S/350k to S/1.5M $102k to $439k |
S/4,200 to S/6,100 $1,230 to $1,786 |
S/390 to S/567 $114 to $166 |
| Sachaca | Family / space | S/450k to S/1.6M $132k to $469k |
S/3,500 to S/5,200 $1,025 to $1,523 |
S/325 to S/483 $95 to $142 |
| José Luis Bustamante y Rivero | Family / value | S/330k to S/950k $97k to $278k |
S/3,400 to S/4,800 $996 to $1,406 |
S/316 to S/446 $93 to $131 |
| Cercado de Arequipa | Central / mixed | S/300k to S/1.2M $88k to $351k |
S/3,200 to S/5,000 $937 to $1,464 |
S/297 to S/465 $87 to $136 |
| Umacollo | Commute / student | S/300k to S/850k $88k to $249k |
S/3,300 to S/4,700 $966 to $1,376 |
S/307 to S/437 $90 to $128 |
| Vallecito | Central / established | S/420k to S/1.2M $123k to $351k |
S/4,000 to S/5,500 $1,171 to $1,611 |
S/372 to S/511 $109 to $150 |
| Miraflores district | Budget / practical | S/220k to S/650k $64k to $190k |
S/2,500 to S/3,600 $732 to $1,054 |
S/232 to S/334 $68 to $98 |
| Paucarpata | Entry / budget | S/200k to S/600k $59k to $176k |
S/2,200 to S/3,400 $644 to $996 |
S/204 to S/316 $60 to $93 |
| Alto Selva Alegre | Affordable / local | S/180k to S/550k $53k to $161k |
S/2,100 to S/3,300 $615 to $966 |
S/195 to S/307 $57 to $90 |
| Tiabaya | Peripheral / land-value | S/180k to S/700k $53k to $205k |
S/1,800 to S/3,000 $527 to $878 |
S/167 to S/279 $49 to $82 |
How much more do you pay for properties in Arequipa when you include renovation work, taxes, and fees?
In Arequipa in 2026, a clean resale purchase usually costs 4% to 6% more than the purchase price, while an older property needing renovation can cost 12% to 30% more, or even 30% to 50% more for heavy work.
If you buy a property in Arequipa for about $200,000, or around S/683,000, you should often add about S/30,000 to S/45,000, or $9,000 to $13,000, for a clean purchase. That means the all-in cost can end around S/713,000 to S/728,000, or about $209,000 to $213,000, before any major renovation.
If you buy a property in Arequipa for about $500,000, or around S/1.71 million, extra costs for a clean purchase may be about S/75,000 to S/105,000, or $22,000 to $31,000. If the property is an older house in Cayma, Yanahuara, or Sachaca, renovation can push the all-in budget well above $600,000.
If you buy a property in Arequipa for about $1,000,000, or around S/3.42 million, the basic buyer costs alone can easily add S/150,000 to S/210,000, or $44,000 to $61,000. For a large luxury house, structural work, premium finishes, and legal checks can make the true budget much higher than the headline price.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Peru.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Arequipa
| Extra cost | Type | Estimated cost range in Arequipa |
|---|---|---|
| Alcabala transfer tax | Tax | The Alcabala tax is 3% of the value above the first 10 UIT. In practice, this often works out near 2.5% to 2.9% of the full price for many Arequipa purchases. |
| Notary fees | Legal / formalization | Budget about S/1,500 to S/6,000, or around $440 to $1,760. The final amount depends on the notary, contract complexity, and whether bank financing is involved. |
| SUNARP registration | Registry | Budget about S/500 to S/3,500, or around $150 to $1,025. This is the step that helps formalize the ownership change in Peru’s public registry. |
| Legal review | Legal | Budget about S/1,500 to S/5,000, or around $440 to $1,465. This should cover title checks, seller checks, debts, liens, and review of the purchase documents. |
| Bank appraisal and mortgage costs | Financing | Budget about S/700 to S/2,500, or around $205 to $730. These costs matter most when the buyer uses a mortgage or bank-backed process. |
| Light renovation | Renovation | Budget about S/400 to S/900 per m², or around $117 to $264 per m². This can cover paint, basic repairs, simple bathroom updates, and minor kitchen work. |
| Full renovation | Renovation | Budget about S/1,200 to S/2,500 per m², or around $351 to $732 per m². This level may include flooring, plumbing, electrical work, bathrooms, kitchen, and better finishes. |
| Structural or premium renovation | Renovation | Budget about S/2,500 to S/4,500+ per m², or around $732 to $1,318+ per m². This can apply to large old houses, luxury finishes, major layout changes, or structural repairs. |
We made this infographic to show you how property prices in Peru compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Arequipa in 2026 with different budgets?
With $100,000 in Arequipa in 2026, the market exists but is selective: you may find a 55 to 65 m² resale apartment in Paucarpata, an older 60 to 75 m² apartment in non-prime Cercado, or a compact 50 to 60 m² new or nearly new apartment in outer Cerro Colorado.
With $200,000 in Arequipa in 2026, you can look for a new 90 to 110 m² apartment in Cerro Colorado, an existing 110 to 140 m² apartment in Cayma or Yanahuara, or a small resale house or duplex in José Luis Bustamante y Rivero or Sachaca.
With $300,000 in Arequipa in 2026, you can target a large 140 to 180 m² apartment or duplex in Cayma, an existing 180 to 230 m² family house in Yanahuara or Sachaca, or a new premium 110 to 130 m² apartment in Cayma or Cerro Colorado.
With $500,000 in Arequipa in 2026, you are in the high-end market: you may find a 250 to 350 m² house in Cayma Baja, a renovated family house in Yanahuara, or a large modern duplex or penthouse-style apartment in Cayma or Cerro Colorado.
With $1,000,000 in Arequipa in 2026, you are in luxury territory: you may find a large house in Cayma Baja, a high-end renovated house in Yanahuara, or a villa-style property in Sachaca with land, outdoor space, and privacy.
With $2,000,000 in Arequipa in 2026, the market is very thin, so buyers are usually looking at an exceptional estate-style property in Cayma or Sachaca, a trophy house in Yanahuara or prime Cayma, or a portfolio-style purchase with several apartments or a residential building.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Peru.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Arequipa, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it is useful | How we used it |
|---|---|---|
| Doomos Arequipa market report | Doomos is a live property marketplace with current Arequipa listings and a stated market report format. | We used Doomos as the main current listing-price anchor. We used its median price and average dollar-per-m² figure as the base for the 2026 estimate. |
| Tinsa Peru Arequipa new housing report | Tinsa is a valuation and real estate data firm used by banks, developers, and institutional actors. | We used Tinsa to check the price and size of new-build apartments in Arequipa. We also used it to estimate the premium for new homes. |
| Encuentro report citing CAPECO | This report cites CAPECO, Peru’s construction chamber, for project pricing in Arequipa. | We used this source to identify prime project prices in Cayma and Cerro Colorado. We also used it to explain why vertical apartment supply is rising. |
| BCRP real estate statistics portal | BCRP is Peru’s central bank and a key public source for macro and real estate statistics. | We used BCRP as a national benchmark. We did not treat BCRP as a full Arequipa closed-sale index because the official residential data is mostly Lima-focused. |
| INEI price and CPI reports | INEI is Peru’s official statistics agency and the main source for inflation data. | We used INEI to adjust price changes for inflation. We used this to separate nominal growth from real growth in Arequipa property prices. |
| SBS exchange-rate page | SBS is Peru’s financial regulator and a standard official reference for exchange-rate information. | We used SBS as the official exchange-rate reference framework. We converted Peruvian sol prices into dollars and euros for foreign buyers. |
| Dinero En El Tiempo USD/PEN history | This page gives a clear historical USD/PEN table that is easy to verify for the writing period. | We used it to support the USD conversion used in this article. We used USD 1 = S/3.415 for simple rounded buyer calculations. |
| Dinero En El Tiempo EUR/PEN history | This page gives a clear historical EUR/PEN table that helps readers understand euro conversions. | We used it to support the euro conversion used in this article. We used EUR 1 = S/3.9871 for rounded buyer calculations. |
| SAT Lima Alcabala information | SAT explains the municipal transfer tax formula used in Peru. | We used SAT to estimate the Alcabala transfer tax. We applied the 3% tax to the value above the first 10 UIT. |
| SUNARP property registration guidance | SUNARP is Peru’s official public registry authority for property ownership. | We used SUNARP to explain registration and legal formalization. We included registry and notary costs in the buyer’s total budget. |
| SUNAT | SUNAT is Peru’s tax authority and helps frame national tax references such as UIT-related rules. | We used SUNAT context to keep tax wording cautious and Peru-specific. We still relied on SAT for the practical Alcabala explanation. |
| CAPECO | CAPECO is Peru’s construction chamber and is often cited for real estate development and project supply trends. | We used CAPECO-cited reporting to understand prime new-project prices in Arequipa. We treated it as a project-market signal, not as a full citywide sales index. |
| Fondo Mivivienda | Fondo Mivivienda is a public housing finance institution in Peru and gives useful context on formal housing finance. | We used it as background for the formal housing market in Peru. We did not use it as a direct source for Arequipa resale prices. |
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