As of June 2026, a normal livable house in Arequipa costs about S/1.25 million, which is roughly US$370,000 or €315,000, while the average house price in Arequipa is closer to S/1.60 million, or about US$475,000 and €400,000.
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This guide focuses only on houses in Arequipa, not apartments, land-only plots or commercial property.
Our goal is to help you understand what a realistic house budget in Arequipa looks like in 2026 before you speak with agents or sellers.
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How much do houses cost in Arequipa as of 2026?
What's the median and average house price in Arequipa as of 2026?
As of 2026, the estimated median house price in Arequipa is about S/1.25 million, which is roughly US$370,000 or €315,000, while the average house price in Arequipa is about S/1.60 million, or around US$475,000 and €400,000.
For most foreign buyers, the useful range is S/450,000 to S/3.0 million, which is about US$130,000 to US$890,000 or €115,000 to €750,000, because this covers most normal livable houses in Arequipa in 2026.
The average house price in Arequipa is higher than the median because a few large houses in Cayma, Yanahuara, Sachaca, Umacollo and the historic center pull the market upward.
At the median price in Arequipa, a buyer can usually expect an older but solid 3-bedroom or 4-bedroom house of about 160 to 250 m², often with parking, a small patio and some renovation needs.
What's the cheapest livable house budget in Arequipa as of 2026?
As of 2026, the cheapest realistic livable house budget in Arequipa is about S/300,000 to S/400,000, which is roughly US$90,000 to US$120,000 or €75,000 to €100,000.
At this entry-level price in Arequipa, livable usually means basic structure, working utilities, simple finishes and possible unfinished upper floors, not a polished family home.
These cheapest livable houses in Arequipa are usually found in Socabaya, Paucarpata, Alto Selva Alegre, Miraflores upper areas, Cerro Colorado periphery, Yura and less central parts of José Luis Bustamante y Rivero.
This low budget can work, but foreign buyers should check title, road access, water pressure, roof condition and whether extensions are properly registered before making an offer.
How much do 2 and 3-bedroom houses cost in Arequipa as of 2026?
As of 2026, a 2-bedroom house in Arequipa usually costs about S/280,000 to S/500,000, or US$80,000 to US$150,000 and €70,000 to €125,000, while a 3-bedroom house usually costs S/450,000 to S/950,000, or US$130,000 to US$280,000 and €115,000 to €240,000.
A realistic 2-bedroom house in Arequipa is often small, older or peripheral, so the most common range is S/280,000 to S/500,000, which is about US$80,000 to US$150,000 or €70,000 to €125,000.
A realistic 3-bedroom house in Arequipa is easier to find and usually costs S/450,000 to S/950,000, or about US$130,000 to US$280,000 and €115,000 to €240,000, in middle and outer districts.
The move from a 2-bedroom house to a 3-bedroom house in Arequipa usually adds S/150,000 to S/450,000, because buyers are often paying for extra land, parking and a more family-friendly layout.
How much do 4-bedroom houses cost in Arequipa as of 2026?
As of 2026, a 4-bedroom house in Arequipa usually costs about S/850,000 to S/1.7 million, which is roughly US$250,000 to US$500,000 or €215,000 to €425,000.
A 5-bedroom house in Arequipa usually costs S/1.1 million to S/2.8 million, or about US$325,000 to US$830,000 and €275,000 to €700,000, depending mainly on district and land size.
A 6-bedroom house in Arequipa usually costs S/1.3 million to S/3.5 million, or about US$385,000 to US$1.04 million and €325,000 to €875,000, unless it is a large casona or redevelopment plot.
Please note that we give much more detailed data in our pack about the property market in Arequipa.
How much do new-build houses cost in Arequipa as of 2026?
As of 2026, a new-build or recently built house in Arequipa usually costs S/800,000 to S/1.8 million, which is about US$235,000 to US$530,000 or €200,000 to €450,000.
New-build houses in Arequipa usually carry a 10% to 25% premium over older resale houses because buyers pay extra for modern construction, parking, safer structure, cleaner paperwork and fewer renovation surprises.
How much do houses with land cost in Arequipa as of 2026?
As of 2026, a house with useful land in Arequipa usually costs S/1.5 million to S/3.5 million, which is roughly US$445,000 to US$1.04 million or €375,000 to €875,000.
In Arequipa, a house starts to feel like a true house with land when the plot is about 300 m² or more, especially if it has a garden, patio, parking and room to extend.
In Yanahuara, Cayma, Sachaca, Cercado and Umacollo, the land can matter more than the house itself because buyers may see future redevelopment, rental or boutique-hospitality value.
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Where are houses cheapest and most expensive in Arequipa as of 2026?
Which neighborhoods have the lowest house prices in Arequipa as of 2026?
As of 2026, the lowest house prices in Arequipa are usually in Socabaya, Paucarpata, Alto Selva Alegre, Miraflores upper areas, Yura, Cerro Colorado periphery and less central parts of José Luis Bustamante y Rivero.
In these cheaper Arequipa neighborhoods, livable houses usually cost S/300,000 to S/900,000, which is about US$90,000 to US$265,000 or €75,000 to €225,000.
These areas are cheaper because buyers often trade central access for steeper streets, longer commutes, weaker finishes, unfinished floors or less convenient links to Cayma, Yanahuara and the main school corridors.
Which neighborhoods have the highest house prices in Arequipa as of 2026?
As of 2026, the top three high-price house areas in Arequipa are usually Yanahuara, Cayma and Sachaca, with Umacollo, Vallecito and central Cercado also expensive for the right property.
In these premium Arequipa neighborhoods, normal houses usually cost S/1.0 million to S/4.5 million, which is about US$295,000 to US$1.33 million or €250,000 to €1.13 million.
These neighborhoods command the highest house prices in Arequipa because they combine scarce land, better school access, stronger private services, easier routes to Av. Ejército and a more established upper-middle-class buyer base.
The typical buyer in these premium Arequipa areas is a local professional family, a business owner, a returning Peruvian buyer or a foreign buyer who values safety, walkability, schools and lower paperwork risk.
How much do houses cost near the city center in Arequipa as of 2026?
As of 2026, a house near the city center of Arequipa, especially in Cercado, Vallecito, Umacollo and nearby Yanahuara, usually costs S/1.0 million to S/3.0 million, or about US$295,000 to US$890,000 and €250,000 to €750,000.
Near major road and transit corridors such as Av. Ejército, Av. La Marina, Av. Dolores, Av. Aviación and Variante de Uchumayo, houses usually cost S/700,000 to S/2.5 million, or about US$205,000 to US$740,000 and €175,000 to €625,000.
Near respected schools such as Lord Byron, Max Uhle, Prescott and the Cayma-Yanahuara school belt, family houses usually cost S/1.0 million to S/2.8 million, or about US$295,000 to US$830,000 and €250,000 to €700,000.
In expat-popular areas of Arequipa such as Cayma, Yanahuara, Umacollo, Vallecito and Sachaca, a normal house usually costs S/1.0 million to S/3.0 million, or about US$295,000 to US$890,000 and €250,000 to €750,000.
How much do houses cost in the suburbs in Arequipa as of 2026?
As of 2026, suburban houses in Arequipa usually cost S/300,000 to S/2.5 million, which is about US$90,000 to US$740,000 or €75,000 to €625,000, depending on whether the suburb is basic, middle-class or semi-rural lifestyle.
Compared with central Arequipa, suburban houses are often 20% to 50% cheaper for the same built area, although good houses in Sachaca, Sabandía, Characato and Cayma outskirts can still be expensive.
The most popular Arequipa suburbs for house buyers include Sachaca, Cerro Colorado, Cayma outskirts, Socabaya, Paucarpata, Characato, Sabandía and Yura, each with a different balance of space, commute and services.
What areas in Arequipa are improving and still affordable as of 2026?
As of 2026, the most interesting improving but still affordable areas for house buyers in Arequipa are Cerro Colorado outside the most expensive pockets, parts of Alto Selva Alegre, Paucarpata near main roads, Socabaya and parts of José Luis Bustamante y Rivero.
In these improving but affordable Arequipa areas, a practical house budget is S/450,000 to S/900,000, which is about US$130,000 to US$265,000 or €115,000 to €225,000.
The main sign of improvement is better road access toward Av. Aviación, Av. Ejército, the airport corridor and the Variante de Uchumayo side, which makes daily life easier without paying Cayma or Yanahuara prices.
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What extra costs should I budget for a house in Arequipa right now?
What are typical buyer closing costs for houses in Arequipa right now?
For a resale house in Arequipa in 2026, a foreign buyer should usually budget 5% to 7% of the purchase price for closing costs.
The main closing costs in Arequipa are alcabala tax, legal review, notary work, SUNARP registration, certificates and technical due diligence, which together can be about S/65,000 to S/90,000, or US$19,000 to US$27,000 and €16,000 to €23,000, on a S/1.25 million house.
The largest closing cost for most house buyers in Arequipa is alcabala, because Peru charges 3% on the purchase value above 10 UIT, and 10 UIT equals S/55,000 in 2026.
We cover all these costs and what are the strategies to minimize them in our property pack about Arequipa.
How much are property taxes on houses in Arequipa right now?
A normal house in Arequipa with a market value near S/1.25 million often has annual predial tax of about S/2,000 to S/5,000, which is roughly US$600 to US$1,500 or €500 to €1,250.
Property tax in Arequipa is calculated on the municipal taxable value, not always the full market price, with progressive rates of 0.2% up to 15 UIT, 0.6% from 15 to 60 UIT and 1.0% above 60 UIT.
This is why two houses with similar asking prices in Arequipa can have different tax bills if the municipal value, land classification or registered construction is different.
How much is home insurance for a house in Arequipa right now?
Home insurance for a house in Arequipa usually costs about S/600 to S/4,200 per year, which is roughly US$180 to US$1,250 or €150 to €1,050.
The main insurance factors in Arequipa are building value, contents, theft cover, earthquake cover, old masonry, roof condition, water damage risk and whether the house is a modern structure or an older sillar property.
What are typical utility costs for a house in Arequipa right now?
A normal family house in Arequipa usually costs S/350 to S/800 per month in utilities, which is about US$100 to US$235 or €90 to €200.
A practical monthly utility split in Arequipa is S/120 to S/350 for electricity, S/50 to S/180 for water and sewerage, S/50 to S/180 for gas, S/70 to S/150 for internet and extra local service charges depending on the district.
What are common hidden costs when buying a house in Arequipa right now?
House buyers in Arequipa often overlook S/10,000 to S/80,000 in hidden costs, which is about US$3,000 to US$24,000 or €2,500 to €20,000, before major renovations.
Basic legal and technical inspections in Arequipa usually cost S/1,500 to S/4,000, or about US$450 to US$1,200 and €375 to €1,000, while older casonas or large houses can require S/5,000 to S/12,000 in checks.
Beyond inspections, common hidden costs include title cleanup, unregistered extensions, roof repairs, damp treatment, seismic reinforcement, old wiring, pumps, water tanks, parking issues and municipal zoning limits.
The hidden cost that surprises first-time house buyers in Arequipa most is undocumented construction, because a house can look usable but still create registry, loan, resale or renovation problems.
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What do locals and expats say about the market in Arequipa as of 2026?
Do people think houses are overpriced in Arequipa as of 2026?
As of 2026, many locals and expats feel that houses in prime Arequipa areas such as Cayma, Yanahuara, Umacollo and Vallecito are expensive, but they also see fairer value in outer districts.
A correctly priced house in Arequipa can sell in about 3 to 6 months, while an expensive casona, oversized house or redevelopment plot can stay on the market for 9 to 18 months.
The main complaint is that prime Arequipa house prices are high compared with local salaries, especially when older homes still need roof, wiring, parking or seismic work.
Compared with 2024 and 2025, sentiment in Arequipa feels less pessimistic in 2026 because some asking prices have stabilized, but buyers remain careful with large or poorly documented houses.
Are prices still rising or cooling in Arequipa as of 2026?
As of 2026, house prices in Arequipa look mildly rising in good districts but not booming, with weaker demand for overpriced large houses that need work.
The best house-specific signal shows the Arequipa house price per m² at S/4,781 in May 2026, up 6.9% versus January 2026 but down 6.1% versus May 2025.
Over the next 6 to 12 months, house prices in Arequipa are likely to stay selective, with safer documented houses in Cayma, Yanahuara, Sachaca and good Cerro Colorado areas doing better than old, large and hard-to-renovate homes.
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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 find 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 we trust it | How we used it |
|---|---|---|
| Properati Arequipa house listings | It gives a clear house-only asking-price benchmark. | We used its May 2026 S/4,781/m² figure as our main price anchor. We cross-checked the S/1.60 million average against other listings. |
| Adondevivir Arequipa houses | It is a major Peruvian real-estate listing portal. | We used it to check live house examples by district. We paid special attention to Cayma, Yanahuara, Cerro Colorado and central Arequipa. |
| Ubicasa Arequipa houses | It gives broad local house inventory in Arequipa. | We used it as a second market cross-check. We did not rely on it alone because listings can include duplicates and aspirational prices. |
| INEI Arequipa Compendio Estadístico 2025 | INEI is Peru’s official statistics agency. | We used it for demographic and housing context. We used it to avoid treating asking prices as official sale prices. |
| BCRP housing price index | BCRP is Peru’s central bank. | We used it as a market-cycle check. We did not use it directly for houses because it tracks apartments. |
| BCRP exchange-rate series | It is the official macro source for exchange rates. | We used it to sanity-check sol to dollar conversions. We rounded at about S/3.40 per US$ for readability. |
| SBS exchange-rate page | SBS supervises Peru’s financial system. | We used it to check dollar and euro conversion levels. We rounded euro estimates near S/4.00 per € for simple reading. |
| MEF UIT 2026 | MEF sets the official UIT value. | We used the 2026 UIT of S/5,500. We used it for alcabala and predial thresholds. |
| SUNARP 2026 registry fees | SUNARP is Peru’s official registry authority. | We used it for registry-cost assumptions. We treated registry fees as smaller than alcabala, legal work and notary costs. |
| Municipality of Arequipa tributes | It is the local municipal tax source. | We used it for local predial and municipal-tax context. We combined it with national tax rules because rates are set nationally. |
| Osinergmin electricity tariffs | Osinergmin regulates electricity tariffs in Peru. | We used it for electricity-cost estimates. We adjusted for Arequipa’s SEAL service area and normal house consumption. |
| SEDAPAR tariff study | SEDAPAR is Arequipa’s water and sewerage utility. | We used it for water and sewerage cost estimates. We assumed detached houses use more water than apartments because of patios, gardens and larger households. |
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