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Querétaro's housing market is experiencing steady growth with apartment prices averaging MXN 26,804 per square meter and houses at MXN 22,068 per square meter as of September 2025.
The market shows clear neighborhood divisions with premium areas like Juriquilla reaching up to MXN 64,778 per square meter, while budget-friendly neighborhoods like La Cañada offer properties from MXN 16,000 per square meter. Property prices have grown approximately 35-40% over the past five years, with annual growth rates of 6-8% expected to continue.
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Querétaro offers excellent value compared to Mexico City with average apartment prices at MXN 26,804/m² versus Mexico City's MXN 50,000/m².
Premium neighborhoods like Juriquilla command the highest prices while emerging areas like Zibatá and Zakia offer strong growth potential for investors.
| Property Type | Average Price (MXN/m²) | Typical 100m² Cost |
|---|---|---|
| Standard Apartment | 26,804 | 2,680,400 |
| Standard House | 22,068 | 2,206,800 |
| Premium Properties | 36,917-64,778 | 3.7-6.4 million+ |
| Budget Areas | 16,000-22,000 | 1.6-2.2 million |
| Luxury Homes | Varies | 10-30 million |
| Land Plots | 6,000-12,000 | 600,000-1.2 million |
| Closing Costs | 5-8% of price | 134,000-214,000 |
What's the current average house price in Querétaro?
As of September 2025, the average apartment price in Querétaro is MXN 26,804 per square meter, which equals approximately USD 1,600 per square meter.
Houses in Querétaro average MXN 22,068 per square meter, or roughly USD 1,320 per square meter. In the city center of Santiago de Querétaro specifically, apartments cost MXN 27,891 per square meter while houses are priced at MXN 22,263 per square meter.
A typical 65-square-meter apartment costs about MXN 1.74 million, while a 100-square-meter apartment runs approximately MXN 2.68 million. Three-bedroom homes in luxury neighborhoods start around MXN 2.5 million, with high-end properties reaching up to MXN 30 million.
These prices reflect Querétaro's position as an affordable alternative to Mexico City, where average prices reach MXN 50,000 per square meter citywide.
How do prices differ depending on the type of property, like apartments, townhouses, or single-family homes?
Property type significantly impacts pricing in Querétaro's real estate market, with apartments commanding higher per-square-meter rates than houses.
| Property Type | Average Price (MXN/m²) | Typical Range for 100m² |
|---|---|---|
| Standard Apartment | 26,804 | 2,680,400 |
| Standard House | 22,068 | 2,206,800 |
| Premium House/Apartment | 36,917-64,778 | 3.7-6.4 million+ |
| Studio Apartments | 40,000+ | N/A (smaller units) |
| Townhouses | 25,000-35,000 | 2.5-3.5 million |
| Luxury Villas | Varies widely | 10-30 million |
| New Construction | 30,000-45,000 | 3.0-4.5 million |
Which neighborhoods are the most expensive, which ones are upcoming, and which are more budget friendly?
Querétaro's neighborhoods show distinct price tiers based on location, amenities, and development status.
The most expensive neighborhoods include Juriquilla, Carretas, El Campanario, Loma Dorada, Arboledas, Lomas del Marqués, and Plaza del Parque. These premium areas command prices ranging from MXN 36,917 to MXN 64,778 per square meter, with some luxury homes listed between MXN 10-30 million.
Up-and-coming neighborhoods with strong growth potential include Santa Rosa Jauregui, Epigmenio González, Zibatá, and Zakia. These areas offer prices between MXN 25,000-35,000 per square meter while providing excellent rental yields and annual price growth reaching 7-14% in hotspots like Juriquilla.
Budget-friendly neighborhoods such as La Cañada, El Pueblito, and Amealco offer more affordable entry points with prices ranging from MXN 16,000-22,000 per square meter. These areas feature smaller modern homes and traditional residences ideal for first-time buyers.
How do prices vary depending on the size of the property, like square meters of land or construction?
Property size creates an inverse relationship with per-square-meter pricing in Querétaro's market, where larger properties typically offer better value per unit area.
Larger homes benefit from volume discounts, with 200-square-meter homes often listing at MXN 3.8-4 million, translating to approximately MXN 19,000 per square meter. This represents significant savings compared to smaller units.
Premium micro-units between 40-60 square meters command premium rates exceeding MXN 40,000 per square meter due to their scarcity and urban convenience. Studio apartments and compact new builds in trendy developments often carry these higher per-square-meter costs.
Land costs vary substantially by location, with suburban plots starting from MXN 6,000 per square meter and reaching up to MXN 12,000 per square meter in gated communities. Construction costs typically add MXN 8,000-15,000 per square meter depending on finishes and complexity.
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What is the typical total purchase cost when you include taxes, notary fees, and closing costs?
Total closing and legal costs in Querétaro typically range from 5-8% of the purchase price, representing a significant additional expense beyond the property's listed price.
Acquisition tax in Querétaro is usually 2-2.5% of the purchase price, which is relatively favorable compared to other Mexican states that may charge up to 4%. Notary fees add another 1-2% of the purchase price for document preparation and legal verification.
Registration, title, legal, and government fees contribute an additional 1-3% of the purchase price. These cover property registration, title insurance, legal representation, and various government processing fees.
For example, on a MXN 3 million home purchase, total fees will range between MXN 150,000 and MXN 240,000. Annual property tax (predial) remains low at MXN 3,000-9,000 per year for typical homes, making ongoing ownership costs manageable.
What are some concrete example purchase prices people have paid recently?
Recent transactions in Querétaro reveal clear pricing patterns across different neighborhoods and property types.
In Juriquilla, three-bedroom homes start from MXN 2.5 million for standard properties, while luxury options reach up to MXN 30 million. The neighborhood's premium status commands these higher prices due to its amenities and proximity to business districts.
Zakia and El Marqués offer three-bedroom townhouses and houses ranging from MXN 2.6-6 million, representing good value for families seeking modern developments with community amenities.
Álamos and Carretas feature four-bedroom homes priced between MXN 10-17 million, targeting affluent buyers seeking established neighborhoods with mature infrastructure.
Budget-conscious buyers in Independencia can find two-bedroom houses for approximately MXN 1.3 million, while Zibatá offers three-bedroom houses ranging from MXN 2.9-6 million depending on specific location and finishes.
How do mortgage rates and financing options affect the real cost of buying in Querétaro?
Mortgage financing in Querétaro requires substantial down payments of 20-30% and carries interest rates between 7-12% for peso-denominated loans.
Mexican banks require comprehensive documentation and stable income verification, offering 10-20 year fixed-rate products primarily to qualified borrowers. Foreigners can obtain mortgages but face limited availability and typically receive rates at the higher end of the range.
These higher interest rates compared to US or Canadian markets significantly impact total purchase costs. A MXN 2.5 million home with 20% down and 10% interest over 15 years results in total payments exceeding MXN 3.8 million, adding MXN 1.3 million in interest costs.
Credit requirements remain strict for optimal rates, with banks favoring borrowers with strong income history and local credit establishment. Shopping aggressively among banks, Sofomes, and syndicated lenders can yield better terms given the competitive peso lending environment.
What are the smartest property choices right now if you want to live there, rent short-term, rent long-term, or buy to resell later?
Strategic property selection in Querétaro depends heavily on your intended use and investment timeline.
For living there permanently, young families and expats should consider Zibatá, Zakia, or Santa Rosa Jauregui for their modern amenities and family-friendly environments. Professionals benefit from Centro Sur, Carretas, or parts of Juriquilla due to business district proximity. Retirees and budget-conscious buyers find excellent value in El Pueblito, Huimilpan, and Amealco's quieter suburban settings.
Short-term rental investments perform best in Juriquilla, Centro, and El Campanario, where strong rental yields of 6-10% are achievable. Modern apartments near business districts attract corporate travelers and temporary residents willing to pay premium rates.
Long-term rental investments should focus on well-located 2-3 bedroom homes near universities in Santa Rosa Jauregui and Epigmenio González. Gated townhouses in family-oriented communities provide stable rental income from long-term tenants.
Buy-to-resell strategies work best with pre-construction properties in emerging developments in Zibatá, Zakia, and Santa Rosa Jauregui. Older, well-situated homes in Carretas and Álamos offer remodeling and flipping opportunities for experienced investors.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Mexico versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
How have house prices in Querétaro changed compared to one year ago and five years ago?
Querétaro's property market has experienced substantial appreciation over both short and medium-term periods, outpacing national averages.
Annual price growth in Querétaro averages approximately 6.5% per year, with premium neighborhoods like Juriquilla achieving growth rates up to 14% annually. This represents strong performance compared to Mexico's national average residential price growth.
Over the past five years since 2020, property prices have increased approximately 35-40%, with clear acceleration occurring since 2022. This growth reflects Querétaro's economic development, infrastructure improvements, and increasing recognition as a desirable living destination.
Compared to one year ago, most neighborhoods have seen 6-8% price appreciation, with emerging areas like Zibatá and Zakia experiencing even stronger growth due to new development completions and infrastructure enhancements.
What is the forecast for prices in the next one year, five years, and ten years?
Property price forecasts for Querétaro remain optimistic based on continued economic growth and urban development momentum.
| Time Period | Expected Growth | Key Factors |
|---|---|---|
| Next 1 Year (2026) | 6-8% increase | Continued infrastructure development |
| Next 5 Years (2030) | 35-40% cumulative | Business district expansion |
| Next 10 Years (2035) | Up to 80% in premium areas | Metropolitan area maturation |
| Budget Areas (10 years) | 3-6% annually | Slower but steady appreciation |
| Emerging Neighborhoods | 8-12% annually | Development completion cycles |
| Luxury Segment | Variable, 5-15% | Market saturation risk |
| Overall Market | 6-8% annually | Economic fundamentals |
How do average house prices in Querétaro compare to other big, similar cities in Mexico?
Querétaro offers exceptional value compared to Mexico's largest metropolitan areas while maintaining strong growth potential.
Mexico City commands significantly higher prices at approximately MXN 50,000 per square meter citywide, nearly double Querétaro's average apartment prices. This price differential makes Querétaro attractive for buyers seeking metropolitan amenities at lower costs.
Monterrey and Guadalajara also maintain higher overall pricing than Querétaro, though Querétaro is gaining ground through superior "quality per peso" in new builds and modern developments. These cities average MXN 35,000-45,000 per square meter in comparable neighborhoods.
Querétaro's competitive advantage lies in its combination of economic opportunity, infrastructure development, and relative affordability. The city offers better value propositions for both residents and investors compared to Mexico's traditional major markets.
It's something we develop in our Mexico property pack.
Given all this, what are the smartest choices to make in Querétaro's housing market today?
The smartest purchases in Querétaro's current market balance rental yield potential with long-term location appreciation prospects.
- Target upmarket condos in Juriquilla, Zibatá, and Santa Rosa Jauregui for their combination of current rental demand and future appreciation potential
- Avoid overpaying in luxury enclaves unless prestige value aligns with personal goals, as mid-market homes in growing neighborhoods offer better risk-adjusted returns
- Focus on 2-3 bedroom properties that appeal to both families and young professionals for maximum rental versatility
- Consider pre-construction opportunities in emerging developments for maximum appreciation potential
- Shop aggressively for mortgage rates across banks, Sofomes, and syndicated lenders given high peso interest rate environment
Mid-market homes in growing neighborhoods prove less volatile, easier to rent, and maintain stronger resale prospects than luxury properties. Properties priced between MXN 2.5-4 million in emerging areas offer the best combination of affordability, rental potential, and appreciation prospects.
Avoid highly leveraged purchases given current interest rates, and maintain adequate cash reserves for unexpected market conditions. Focus on properties with strong fundamentals rather than speculative plays in unproven locations.
It's something we develop in our Mexico property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Querétaro's real estate market presents compelling opportunities for both residents and investors seeking value in Mexico's growing metropolitan areas.
With strategic neighborhood selection and proper financial planning, buyers can capitalize on the city's continued growth while avoiding common pitfalls in emerging markets.
Sources
- The Latinvestor - Querétaro Price Forecasts
- Properstar - Querétaro House Prices
- Properstar Mexico - Querétaro Property Values
- The Querétaro Post - Most Expensive Neighborhoods
- The Latinvestor - Querétaro Property Guide
- Epicurean Expats - Buying Property in Mexico
- The Latinvestor - US Citizens Property Ownership
- Karla Erick Cabo Realty - Mexico Closing Costs
- Mexperience - Property Closing Costs
- Global Property Guide - Mexico Price History