Authored by the expert who managed and guided the team behind the Mexico Property Pack
Get all the data you need about the real estate market in Mexico City
In this article, we explain the current housing prices in Mexico City in 2026, using the latest figures we could verify.
We constantly update this blog post because the Mexico City property market changes quickly, especially in popular neighborhoods like Roma, Condesa, Polanco, and Del Valle.
You will find average prices, price per square meter, neighborhood differences, buyer costs, and clear examples by budget.
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 Mexico City.
Insights
- The average housing price in Mexico City in 2026 is close to MXN 4.2M, but the median is lower, near MXN 3.1M, because luxury areas pull the average upward.
- A realistic entry budget for a mortgageable property in Mexico City in 2026 starts around MXN 1.8M to MXN 2.6M, mostly outside the main expat neighborhoods.
- The average price per square meter in Mexico City in 2026 is around MXN 58,000, but prime Polanco or Lomas homes can exceed MXN 150,000 per square meter.
- Mexico City listing prices are usually not final sale prices, and a normal buyer can often expect a discount of about 4% to 7% from the asking price.
- New-build apartments in Mexico City in 2026 usually cost about 18% to 28% more than similar older apartments in the same area.
- Roma Norte and Condesa are expensive because buyers pay for walkability, restaurants, parks, rental demand, and the limited supply of good renovated apartments.
- Buyer costs in Mexico City are high, and most purchasers should budget 8% to 14% above the purchase price before any serious renovation work.
- A $500,000 budget in Mexico City in 2026 can buy a strong central apartment, but it usually does not buy top luxury in Polanco or Lomas.
- The Mexico City housing market has risen only modestly in real terms over the past year because inflation and high mortgage rates limited affordability.
What is the average housing price in Mexico City in 2026?
The median housing price in Mexico City is often more useful than the average housing price because Mexico City has many normal apartments and a smaller number of very expensive homes that push the average higher.
We are writing this as of 2026 with the latest data collected from authoritative sources that we manually double checked.
In 2026, the median housing price in Mexico City is about MXN 3.1M, which is around $178,000 or €154,000. The average housing price in Mexico City in 2026 is closer to MXN 4.2M, which is around $241,000 or €208,000.
A realistic range for about 80% of normal residential properties in the Mexico City market in 2026 is roughly MXN 1.8M to MXN 8.5M, or about $103,000 to $487,000.
A realistic entry range in Mexico City in 2026 is about MXN 1.8M to MXN 2.6M, or about $103,000 to $149,000 and €89,000 to €129,000, which can buy an older 45 to 55 sqm apartment in areas such as Iztapalapa, Tláhuac, Gustavo A. Madero, or eastern Azcapotzalco.
A realistic luxury range in Mexico City in 2026 is about MXN 14M to MXN 45M, or about $803,000 to $2.58M and €694,000 to €2.23M, which can buy a large apartment, penthouse, or high-end home in Polanco, Lomas de Chapultepec, Bosques de las Lomas, Roma Norte, or Condesa.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Mexico City.
Are Mexico City property listing prices close to the actual sale price in 2026?
In Mexico City in 2026, actual sale prices are usually about 4% to 7% below listing prices, with 5.5% as a useful central estimate.
This happens because many Mexico City sellers start with an ambitious asking price, especially in popular areas where market data is not fully transparent. The gap is usually smaller in Polanco, Roma Norte, Condesa, and Lomas, but it can be larger for older homes, stale listings, or properties in less liquid areas.
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What is the price per sq m or per sq ft for properties in Mexico City in 2026?
As of 2026, the median housing price in Mexico City is around MXN 54,000 per sqm, or about $3,100 and €2,700 per sqm, which equals about MXN 5,000 per sqft, or $288 and €249 per sqft. The average housing price in Mexico City is around MXN 58,000 per sqm, or about $3,300 and €2,900 per sqm, which equals about MXN 5,400 per sqft, or $309 and €267 per sqft.
The highest price per sqm in Mexico City in 2026 is usually found in small luxury apartments, penthouses, and new-build homes in prime areas, while the lowest price per sqm is usually found in older homes and peripheral areas with longer commutes.
The highest Mexico City price per sqm ranges are usually in Polanco, Lomas de Chapultepec, Roma Norte, Condesa, Juárez, and Cuauhtémoc, where typical values can range from MXN 70,000 to more than MXN 170,000 per sqm. The lowest ranges are usually in Tláhuac, Milpa Alta, Iztapalapa, and parts of Gustavo A. Madero, where typical values can range from about MXN 20,000 to MXN 45,000 per sqm.
How have property prices evolved in Mexico City?
Compared with one year ago, Mexico City residential prices in 2026 are about 5% higher in nominal terms and only about 1% higher after inflation. Prices kept rising because central supply is tight, but high interest rates limited how much buyers could pay.
Compared with two years ago, Mexico City housing prices in 2026 are roughly 10% to 13% higher in nominal terms, depending on the neighborhood. The increase has been stronger in central, walkable, and investor-friendly areas than in peripheral areas where local affordability matters more.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Mexico.
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 Mexico City.
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How do prices vary by housing type in Mexico City in 2026?
In Mexico City in 2026, apartments and condos make up about 72% of residential listings, houses about 17%, townhouses about 5%, penthouses about 3%, studios and lofts about 2%, and large luxury homes about 1% because Mexico City is dense and new residential supply is mostly vertical.
In Mexico City as of 2026, an apartment averages around MXN 3.8M, or $218,000 and €189,000, while a house averages around MXN 6.7M, or $384,000 and €332,000. A townhouse is often near MXN 5.6M, or $321,000 and €278,000, a studio or loft around MXN 3M, or $172,000 and €149,000, a penthouse around MXN 16M, or $917,000 and €794,000, and a large luxury villa or estate around MXN 35M, or $2.01M and €1.74M.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Mexico City in 2026?
In Mexico City in 2026, new homes usually sell for about 18% to 28% more than comparable existing homes, with 23% as a useful central estimate.
This premium exists because Mexico City new-build homes include higher construction costs, developer financing, security, elevators, parking, amenities, and lower immediate maintenance needs.
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How do property prices vary by neighborhood in Mexico City in 2026?
Roma Norte has mostly renovated apartments, older character buildings, and boutique new condos, with many homes around MXN 5M to MXN 13M, or about $287,000 to $745,000 and €248,000 to €645,000. Mexico City buyers pay more in Roma Norte because the area is walkable, central, popular with renters, and limited in supply.
Condesa has many older apartments, renovated units, some penthouses, and lifestyle-focused homes, with typical prices around MXN 5.5M to MXN 14M, or about $315,000 to $803,000 and €273,000 to €694,000. Condesa prices are high because buyers pay for parks, cafés, walkability, and strong long-term rental demand.
Polanco has luxury apartments, penthouses, and high-end homes, with many properties around MXN 12M to MXN 35M, or about $688,000 to $2.01M and €595,000 to €1.74M. Polanco is expensive because it combines luxury retail, offices, embassies, restaurants, security, and a strong international buyer profile.
You will find a much more detailed analysis by areas in our property pack about Mexico City. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Area in Mexico City | Market profile | Typical price range | Typical price per sqm | Typical price per sqft |
|---|---|---|---|---|
| Polanco | Luxury, expat, corporate | MXN 12M to 35M / $688k to $2.01M | MXN 100k to 160k / $5,732 to $9,171 | MXN 9,290 to 14,864 / $533 to $852 |
| Lomas de Chapultepec | Luxury, family, embassies | MXN 18M to 60M / $1.03M to $3.44M | MXN 95k to 170k / $5,446 to $9,745 | MXN 8,826 to 15,793 / $506 to $905 |
| Condesa | Lifestyle, expat, walkable | MXN 5.5M to 14M / $315k to $803k | MXN 80k to 120k / $4,585 to $6,879 | MXN 7,432 to 11,148 / $426 to $639 |
| Roma Norte | Lifestyle, popular, investor | MXN 5M to 13M / $287k to $745k | MXN 75k to 115k / $4,299 to $6,592 | MXN 6,968 to 10,684 / $399 to $613 |
| Juárez | Central, nightlife, offices | MXN 4.2M to 10M / $241k to $573k | MXN 70k to 105k / $4,013 to $6,018 | MXN 6,503 to 9,755 / $373 to $559 |
| Cuauhtémoc | Central, commute, expat | MXN 4.5M to 11M / $258k to $631k | MXN 68k to 105k / $3,898 to $6,018 | MXN 6,318 to 9,755 / $362 to $559 |
| Del Valle | Family, central, upper-middle | MXN 4.2M to 9M / $241k to $516k | MXN 55k to 85k / $3,153 to $4,872 | MXN 5,110 to 7,897 / $293 to $453 |
| Narvarte | Value, central, family | MXN 3.2M to 7M / $183k to $401k | MXN 48k to 75k / $2,752 to $4,299 | MXN 4,459 to 6,968 / $256 to $399 |
| Coyoacán | Family, heritage, houses | MXN 4M to 12M / $229k to $688k | MXN 45k to 80k / $2,580 to $4,585 | MXN 4,181 to 7,432 / $240 to $426 |
| Santa Fe | Corporate, new-build, commute | MXN 4.5M to 12M / $258k to $688k | MXN 50k to 85k / $2,866 to $4,872 | MXN 4,645 to 7,897 / $266 to $453 |
| Azcapotzalco | Value, improving commute | MXN 2.3M to 5.5M / $132k to $315k | MXN 35k to 58k / $2,006 to $3,324 | MXN 3,252 to 5,388 / $186 to $309 |
| Iztapalapa | Affordable, local market | MXN 1.4M to 3.5M / $80k to $201k | MXN 24k to 38k / $1,376 to $2,178 | MXN 2,230 to 3,531 / $128 to $202 |
How much more do you pay for properties in Mexico City when you include renovation work, taxes, and fees?
In Mexico City in 2026, a normal resale buyer should usually budget 8% to 14% above the purchase price before major renovation, and 15% to 35% above the purchase price if the property needs real renovation work.
If you buy a Mexico City property for about $200,000, or roughly MXN 3.5M, buyer taxes and fees can add around MXN 280,000 to MXN 420,000, and a light renovation can add another MXN 250,000 to MXN 350,000. This means a realistic all-in cost can land near MXN 4M to MXN 4.3M, or about $229,000 to $246,000.
If you buy a Mexico City property for about $500,000, or roughly MXN 8.7M, buyer taxes and fees can add around MXN 740,000 to MXN 1.1M, before renovation. With a medium renovation, the final all-in cost can easily reach around MXN 10.3M to MXN 11M, or about $590,000 to $631,000.
If you buy a Mexico City property for about $1,000,000, or roughly MXN 17.4M, buyer taxes and fees can add around MXN 1.6M to MXN 2.3M, before any upgrades. If the property also needs renovation, the final total can move toward MXN 21M to MXN 23M, or about $1.2M to $1.32M.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Mexico.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Mexico City
| Extra cost | Type | Estimated cost range in Mexico City |
|---|---|---|
| ISAI acquisition tax | Tax | Usually around 4.5% to 6.0% of the purchase price. On a MXN 5M property, this means about MXN 225,000 to MXN 300,000, or about $12,900 to $17,200. The exact amount depends on the progressive CDMX calculation. |
| Notary fees | Fees | Usually around 0.8% to 1.8% of the price. On a MXN 5M property, this means about MXN 40,000 to MXN 90,000, or about $2,300 to $5,200. The notary prepares and formalizes the purchase. |
| Public registry and certificates | Fees | Usually around 0.3% to 0.8% of the price. On a MXN 5M property, this means about MXN 15,000 to MXN 40,000, or about $860 to $2,300. These costs help register and verify the transaction. |
| Appraisal | Transaction cost | Often around MXN 8,000 to MXN 25,000, or about $460 to $1,400. The appraisal is especially important when a bank is involved. It also helps verify that the property value is reasonable. |
| Mortgage opening and bank fees | Financing | Can range from 0% to about 2% of the loan or property value. On a MXN 5M purchase, this can be up to around MXN 100,000, or about $5,700. Cash buyers usually avoid most of this cost. |
| Light renovation | Renovation | Usually around MXN 4,000 to MXN 8,000 per sqm, or about $229 to $459 per sqm. This can cover paint, basic repairs, small kitchen updates, and light bathroom work. It is common in older Mexico City apartments. |
| Medium renovation | Renovation | Usually around MXN 8,000 to MXN 15,000 per sqm, or about $459 to $860 per sqm. This can include a better kitchen, bathrooms, floors, wiring, and more serious finishing work. Many older central apartments fall into this range. |
| Heavy renovation | Renovation | Usually around MXN 15,000 to MXN 30,000 or more per sqm, or about $860 to $1,720 or more per sqm. This can apply when a property needs major structural, electrical, plumbing, or full interior work. It should be priced carefully before purchase. |
We made this infographic to show you how property prices in Mexico 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 Mexico City in 2026 with different budgets?
With $100,000, or about MXN 1.7M, there is a market in Mexico City, but it is limited: you might find an existing 40 to 50 sqm apartment in Iztapalapa, an older 45 sqm apartment in Tláhuac, or a small older unit in Gustavo A. Madero.
With $200,000, or about MXN 3.5M, you can target a normal entry apartment in Mexico City, such as an existing 55 to 65 sqm apartment in Narvarte Oriente, an existing 60 to 70 sqm apartment in Portales, or a newer 50 to 60 sqm apartment in Azcapotzalco.
With $300,000, or about MXN 5.2M, you can buy a comfortable mid-market home in Mexico City, such as an existing 75 to 90 sqm apartment in Del Valle, an existing 70 to 85 sqm apartment in Escandón, or a new 65 to 75 sqm apartment in Santa María la Ribera.
With $500,000, or about MXN 8.7M, you can access good central Mexico City neighborhoods, such as an existing 90 to 110 sqm apartment in Condesa, an existing 90 to 120 sqm apartment in Roma Norte, or a 140 to 180 sqm house in Coyoacán.
With $1,000,000, or about MXN 17.4M, you are in the Mexico City luxury market, with options such as a 150 to 200 sqm apartment in Polanco, a 180 to 240 sqm penthouse in Condesa or Roma Norte, or a 250 to 350 sqm house in Coyoacán or San Ángel.
With $2,000,000, or about MXN 34.9M, there is a strong high-end luxury market in Mexico City, including a 250 to 350 sqm luxury apartment or penthouse in Polanco, a large house in Lomas de Chapultepec, or a high-end residence in Bosques de las Lomas.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Mexico.
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 Mexico City, 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 this source matters | How we used the source |
|---|---|---|
| Sociedad Hipotecaria Federal, Índice SHF de Precios de la Vivienda, 1Q 2026 | SHF is the Mexican federal housing finance institution and its index is the closest official housing-price benchmark in Mexico. | We used SHF to anchor the official housing price trend in Mexico. We cross-checked it against private price-per-square-meter data because SHF is based on mortgage-backed transactions and appraisals. |
| Banorte INBAPREVI housing price indicator | Banorte is one of Mexico’s largest banks and INBAPREVI uses large-scale monthly listing data. | We used Banorte as the main 2026 benchmark for Mexico City price per square meter. We treated it as a listing-market indicator and adjusted it slightly for likely closing prices. |
| Forbes México article citing Banorte INBAPREVI February 2026 | Forbes México is not the original source, but it reports the Banorte figure clearly and gives a direct Mexico City price reference. | We used Forbes México to confirm the February 2026 Mexico City price of about MXN 57,931 per sqm. We used that figure as a practical 2026 market anchor. |
| INEGI, Índice Nacional de Precios al Consumidor | INEGI is Mexico’s official statistics agency and the main public source for inflation data. | We used INEGI to compare housing price growth with inflation. We used this to separate nominal price growth from real price growth. |
| Diario Oficial de la Federación, exchange-rate indicators | The DOF publishes the official daily dollar exchange-rate indicator used in Mexico. | We used the DOF exchange-rate indicator for the USD conversion. We used the June 9, 2026 rate of MXN 17.4453 per USD. |
| Banxico exchange-rate methodology and cross rates | Banxico is Mexico’s central bank and explains the FIX exchange-rate methodology. | We used Banxico and DOF as the main foreign-exchange authority. We used a market mid-rate near MXN 20.1609 per EUR for euro conversions. |
| CDMX fiscal rules, ISAI 2026 via Infonavit | This public document is an official reference for acquisition-tax calculation in Mexico City. | We used it to estimate the acquisition tax paid by buyers in Mexico City. We rounded the effective ISAI burden because the tariff is progressive. |
| Colegio de Notarios de la Ciudad de México, notarial costs | The Colegio de Notarios is the official professional body for notaries in Mexico City. | We used it to understand which closing costs are controlled by notarial rules. We combined this with fiscal data to estimate total purchase costs. |
| Properstar Mexico City market page, May 2026 | Properstar is a large international property portal with useful current listing-market data. | We used Properstar to cross-check apartment and house price-per-square-meter levels. We did not use it alone because listing data can lean toward advertised and higher-end stock. |
| Propiedades.com market statistics | Propiedades.com is a recognized Mexican real estate platform with market statistics by area. | We used Propiedades.com to sanity-check neighborhood price ranges. We treated the figures as listing-market estimates, not official closed-sale prices. |
| Gobierno de México publication of the SHF price index | The Gobierno de México website is the official publication channel for the SHF housing-price release. | We used it to verify that the SHF release was official and current. We used the release date and public wording to avoid relying on copied or outdated summaries. |
| Banxico reference for currency conversion checks | Banxico is the public monetary authority behind Mexico’s exchange-rate references. | We used Banxico to keep dollar and euro conversions consistent. We rounded all currency conversions so readers can understand the numbers quickly. |
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