Authored by the expert who managed and guided the team behind the Mexico Property Pack
Yes, the analysis of Mexico City's property market is included in our pack
If you're a foreigner thinking about buying an apartment in Mexico City, you're probably wondering how much it will actually cost you in 2026.
This guide breaks down real prices, closing costs, ongoing expenses, and neighborhood differences so you can plan your budget with confidence.
We constantly update this blog post to reflect the latest market data and official sources available.
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
- In Mexico City in 2026, a typical 70 m² apartment costs around MXN 3.85 million (about USD 214,000), but that same budget buys you premium space in the east and barely a studio in Polanco.
- Polanco apartments in Mexico City sell for roughly MXN 75,000 per m² while peripheral areas like Tláhuac can go as low as MXN 25,000 per m², showing a 3x price gap across the city.
- Buyer closing costs in Mexico City typically add 6% to 9% on top of the apartment price, mostly driven by notary fees and the acquisition tax (ISAI).
- New-build apartments in Mexico City carry a 10% to 25% premium over comparable resale units, largely because of amenities like gyms, rooftop gardens, and 24/7 security.
- Many foreigners buying apartments in Mexico City end up paying cash or putting down 30%+ because Mexican banks are stricter without local credit history.
- HOA fees in Mexico City luxury towers can reach MXN 15,000 per month (about USD 835), while older buildings may charge as little as MXN 500.
- Property tax (predial) in Mexico City typically runs MXN 6,000 to 20,000 per year for a mid-range apartment, but early payment in January or February 2026 can get you a discount.
- Neighborhoods like Tacubaya, Tabacalera, and Lomas de Sotelo are seeing rapid price increases in 2026 as gentrification spills over from already expensive areas.
- Home insurance penetration in Mexico City is surprisingly low, meaning many apartments are uninsured, which is something foreign buyers should address proactively.
How much do apartments really cost in Mexico City in 2026?
What's the average and median apartment price in Mexico City as of 2026?
As of January 2026, the average apartment price in Mexico City is around MXN 4.0 to 5.0 million (approximately USD 223,000 to 278,000 or EUR 205,000 to 256,000), while the median sits closer to MXN 3.3 to 4.0 million (about USD 184,000 to 223,000 or EUR 169,000 to 205,000).
When you look at price per square meter, the citywide average for apartments in Mexico City is roughly MXN 60,000 per m² (around USD 3,340/m² or EUR 3,075/m² and about USD 310/sq ft), while the median is closer to MXN 52,000 per m² (approximately USD 2,900/m² or EUR 2,670/m² and around USD 269/sq ft).
Most standard apartments in Mexico City fall within a price range of MXN 2.5 million to MXN 6.0 million (roughly USD 139,000 to 334,000 or EUR 128,000 to 307,000), though premium neighborhoods can push well above this range.
How much is a studio apartment in Mexico City in 2026?
As of January 2026, a typical studio apartment in Mexico City costs around MXN 2.2 to 3.0 million (approximately USD 123,000 to 167,000 or EUR 113,000 to 154,000).
Entry-level to mid-range studios in Mexico City generally fall between MXN 1.8 million and MXN 2.8 million (roughly USD 100,000 to 156,000 or EUR 92,000 to 144,000), while high-end or luxury studios in prime neighborhoods like Roma Norte or Condesa can reach MXN 3.5 million to 4.5 million (about USD 195,000 to 250,000 or EUR 179,000 to 230,000).
Studios in Mexico City typically measure between 35 and 45 square meters, though they tend to have a higher price per m² than larger units in the same building because of strong demand from short-term rental investors.
How much is a one-bedroom apartment in Mexico City in 2026?
As of January 2026, a typical one-bedroom apartment in Mexico City costs around MXN 3.0 to 4.0 million (approximately USD 167,000 to 223,000 or EUR 154,000 to 205,000).
Entry-level to mid-range one-bedroom apartments in Mexico City range from MXN 2.5 million to MXN 3.8 million (roughly USD 139,000 to 212,000 or EUR 128,000 to 195,000), while high-end or luxury one-bedrooms in neighborhoods like Polanco or Condesa can reach MXN 5.0 million to 6.5 million (about USD 278,000 to 362,000 or EUR 256,000 to 333,000).
One-bedroom apartments in Mexico City typically measure between 50 and 65 square meters, making them popular with young professionals and couples looking for central locations.
How much is a two-bedroom apartment in Mexico City in 2026?
As of January 2026, a typical two-bedroom apartment in Mexico City costs around MXN 4.0 to 5.4 million (approximately USD 223,000 to 301,000 or EUR 205,000 to 277,000).
Entry-level to mid-range two-bedroom apartments in Mexico City range from MXN 3.5 million to MXN 5.0 million (roughly USD 195,000 to 278,000 or EUR 179,000 to 256,000), while high-end or luxury two-bedrooms in prime areas can reach MXN 7.0 million to 10.0 million (about USD 390,000 to 557,000 or EUR 359,000 to 513,000).
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Mexico City.
How much is a three-bedroom apartment in Mexico City in 2026?
As of January 2026, a typical three-bedroom apartment in Mexico City costs around MXN 5.6 to 7.6 million (approximately USD 312,000 to 424,000 or EUR 287,000 to 390,000).
Entry-level to mid-range three-bedroom apartments in Mexico City range from MXN 5.0 million to MXN 7.0 million (roughly USD 278,000 to 390,000 or EUR 256,000 to 359,000), while high-end or luxury three-bedrooms in neighborhoods like Polanco, Lomas, or Santa Fe can reach MXN 12.0 million to 20.0 million (about USD 668,000 to 1.1 million or EUR 615,000 to 1.0 million).
Three-bedroom apartments in Mexico City typically measure between 110 and 140 square meters, and they're most common in family-oriented buildings with amenities.
What's the price gap between new and resale apartments in Mexico City in 2026?
As of January 2026, new-build apartments in Mexico City typically carry a 10% to 25% premium over comparable resale units in the same location.
The average price per square meter for new-build apartments in Mexico City is around MXN 65,000 to 75,000 per m² (approximately USD 3,620 to 4,180/m² or EUR 3,330 to 3,845/m²), depending on the neighborhood and amenities included.
For resale apartments in Mexico City, the average price per square meter is closer to MXN 50,000 to 60,000 per m² (roughly USD 2,785 to 3,340/m² or EUR 2,565 to 3,075/m²), though well-maintained units in prime areas can approach new-build pricing.
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Can I afford to buy in Mexico City in 2026?
What's the typical total budget (all-in) to buy an apartment in Mexico City in 2026?
As of January 2026, the typical all-in budget to buy a standard apartment in Mexico City is roughly 106% to 109% of the purchase price, so for a MXN 4.0 million apartment (about USD 223,000 or EUR 205,000), you should budget around MXN 4.24 to 4.36 million (approximately USD 236,000 to 243,000 or EUR 217,000 to 224,000).
Beyond the purchase price, the all-in budget in Mexico City includes acquisition tax (ISAI), notary fees, public registry and certificate fees, property appraisal, and bank fees if you're financing.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Mexico City property pack.
You can also read our dedicated blog article to understand what you can at different budget levels in Mexico City.
What down payment is typical to buy in Mexico City in 2026?
As of January 2026, the typical down payment to buy an apartment in Mexico City is 20% to 30% of the purchase price, which means for a MXN 4.0 million apartment, you should expect to put down MXN 800,000 to 1.2 million (approximately USD 44,500 to 66,800 or EUR 41,000 to 61,500).
Most Mexican banks require a minimum down payment of 10% to 20%, though the exact requirement depends on your income profile, credit history, and whether you're a foreigner.
To secure favorable mortgage terms in Mexico City, a down payment of 25% to 30% is generally recommended, as this helps you qualify for lower interest rates and reduces your monthly payments.
You can also read our latest update about mortgage and interest rates in Mexico.
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.
Which neighborhoods are cheapest or priciest in Mexico City in 2026?
How much does the price per m² for apartments vary by neighborhood in Mexico City in 2026?
As of January 2026, the price per square meter for apartments in Mexico City ranges from around MXN 25,000/m² (approximately USD 1,390/m² or EUR 1,280/m²) in peripheral areas to over MXN 75,000/m² (roughly USD 4,175/m² or EUR 3,845/m²) in the most exclusive neighborhoods.
In the most affordable neighborhoods of Mexico City, such as Tláhuac, Iztapalapa, and parts of Gustavo A. Madero, the typical price per square meter is around MXN 25,000 to 35,000/m² (approximately USD 1,390 to 1,950/m² or EUR 1,280 to 1,795/m²).
In the most expensive neighborhoods of Mexico City, such as Polanco (around MXN 75,000/m²), Roma Norte (around MXN 70,000/m²), Condesa, and Lomas de Chapultepec, prices can reach MXN 70,000 to 100,000/m² (roughly USD 3,900 to 5,570/m² or EUR 3,590 to 5,130/m²).
By the way, we've written a blog article detailing what are the current best areas to invest in property in Mexico City.
What neighborhoods are best for first-time buyers on a budget in Mexico City in 2026?
As of January 2026, the top three neighborhoods best suited for first-time buyers on a budget in Mexico City are Jardín Balbuena (Venustiano Carranza), Tacuba (Miguel Hidalgo), and Santa María la Ribera (Cuauhtémoc).
In these budget-friendly neighborhoods, typical apartment prices in Mexico City range from MXN 2.0 million to MXN 3.5 million (approximately USD 111,000 to 195,000 or EUR 102,000 to 179,000), depending on size and building condition.
These neighborhoods offer good Metro access, established local services, and proximity to more central areas without the premium price tag, making them practical choices for first-time buyers in Mexico City.
The main trade-off of buying in these budget-friendly neighborhoods in Mexico City is that buildings tend to be older, water reliability can vary, and some areas are still in transition, so you need to inspect carefully.
Which neighborhoods have the fastest-rising apartment prices in Mexico City in 2026?
As of January 2026, the top three neighborhoods with the fastest-rising apartment prices in Mexico City are Tacubaya, Tabacalera, and Lomas de Sotelo.
These fast-appreciating neighborhoods in Mexico City have seen estimated year-over-year price increases of 8% to 15%, significantly outpacing the citywide average growth rate.
The main driver behind the rapid price growth in these Mexico City neighborhoods is gentrification spillover from already expensive areas like Condesa, Roma, and Polanco, combined with improved transit connections and growing short-term rental demand.
You can also read our latest update about property price forecasts in Mexico City.
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What extra costs will I pay on top of the apartment price in Mexico City in 2026?
What are all the buyer closing costs when you buy an apartment in Mexico City?
For a typical MXN 4.0 million apartment in Mexico City, the estimated total buyer closing cost is around MXN 240,000 to 360,000 (approximately USD 13,400 to 20,000 or EUR 12,300 to 18,500).
The main categories of closing costs buyers must pay in Mexico City include the acquisition tax (ISAI), notary fees (honorarios), public registry and certificate fees, property appraisal, and bank fees if you're financing.
The largest closing cost expense for buyers in Mexico City is typically the acquisition tax (ISAI), which is calculated as a percentage of the property's value and can represent a significant portion of total closing costs.
Some closing costs in Mexico City are negotiable or can vary, particularly notary fees (within the official fee schedule brackets) and bank origination fees, so it's worth comparing options before committing.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Mexico City?
Buyers in Mexico City should budget approximately 6% to 9% of the purchase price for closing costs, which is a reliable planning range for most standard apartment transactions.
The realistic low-to-high percentage range that covers most standard transactions in Mexico City goes from around 5.5% for straightforward cash purchases of lower-priced apartments to about 10% for financed purchases of higher-value properties with complex documentation.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Mexico City.
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.
What are the ongoing monthly and yearly costs of an apartment in Mexico City in 2026?
What are typical HOA fees in Mexico City right now?
HOA fees (called "mantenimiento" or maintenance fees) are common in Mexico City apartment buildings, with the estimated typical monthly fee ranging from MXN 2,500 to 6,000 (approximately USD 139 to 334 or EUR 128 to 308) for mid-range buildings with security and basic amenities.
The realistic range of HOA fees in Mexico City goes from around MXN 500 to 2,500 per month (about USD 28 to 139 or EUR 26 to 128) for older or smaller buildings, up to MXN 6,000 to 15,000 per month (roughly USD 334 to 835 or EUR 308 to 769) for luxury towers with doormen, gyms, pools, and extensive common areas.
What utilities should I budget monthly in Mexico City right now?
The estimated total monthly utility cost for a typical apartment in Mexico City is around MXN 1,800 to 4,000 (approximately USD 100 to 223 or EUR 92 to 205), depending on usage and apartment size.
The realistic range of monthly utility costs in Mexico City goes from about MXN 1,200 per month for a small, energy-efficient apartment to MXN 5,000 or more for a larger unit with heavy air conditioning or heating use.
The specific utilities included in the typical monthly budget in Mexico City are electricity, gas (tank or natural), internet, and sometimes water, though water is often included in HOA fees or billed separately by the colonia.
Electricity tends to be the most variable and potentially expensive utility for apartment owners in Mexico City, especially if you hit the higher consumption tiers (DAC) under the official CFE tariff structure.
How much is property tax on apartments in Mexico City?
The estimated typical annual property tax (predial) for an apartment in Mexico City is around MXN 6,000 to 20,000 (approximately USD 334 to 1,114 or EUR 308 to 1,025), depending on the cadastral value and property characteristics.
Property tax in Mexico City is calculated based on cadastral values and official brackets, not a single flat percentage, which means the rate effectively varies by property value and location.
The realistic range of annual property tax in Mexico City goes from under MXN 5,000 per year for modest apartments to over MXN 30,000 per year for high-value properties in premium neighborhoods, though early payment in January or February typically earns a discount.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Mexico City.
What's the yearly building maintenance cost in Mexico City?
The estimated typical yearly building maintenance cost for apartment owners in Mexico City, covering inside-the-unit upkeep like paint, small repairs, and appliances, is around 0.5% to 1.0% of the apartment's value, which translates to roughly MXN 20,000 to 40,000 per year (approximately USD 1,114 to 2,228 or EUR 1,025 to 2,050) for a mid-range property.
The realistic range of yearly maintenance costs in Mexico City depends heavily on building age and type, with older buildings and earthquake-related wear pushing costs toward the higher end of the range.
Expenses typically included in building maintenance costs in Mexico City cover interior painting, minor plumbing and electrical repairs, appliance servicing or replacement, and general wear-and-tear fixes.
In Mexico City, inside-the-unit maintenance costs are separate from HOA fees, which cover common areas, security, and shared amenities rather than your personal unit's upkeep.
How much does home insurance cost in Mexico City?
The estimated typical annual home insurance cost for an apartment in Mexico City is around MXN 2,500 to 8,000 (approximately USD 139 to 445 or EUR 128 to 410), depending on coverage level and property value.
The realistic range of annual home insurance costs in Mexico City goes from about MXN 2,000 per year for basic contents and liability coverage to MXN 12,000 or more per year if you add comprehensive earthquake and hydrometeorological coverage with low deductibles.
Home insurance is generally optional for apartment owners in Mexico City, though it's often required by banks if you have a mortgage, and many properties remain uninsured, which is something foreign buyers should address proactively.
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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 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 it's authoritative | How we used it |
|---|---|---|
| Banco de México (Banxico) FIX | Mexico's central bank publishes the official reference exchange rate. | We used it to convert all MXN prices into USD for early 2026. We anchored our currency conversions on the official FIX rate. |
| Diario Oficial de la Federación (DOF) | It's the official government gazette for Mexico's economic indicators. | We used it to verify exchange rate consistency and macro context. We cross-checked it against Banxico data. |
| Banxico Mortgage Interest Rates (CF303) | Official Banxico statistical series for household credit pricing. | We used it to understand typical mortgage rates going into 2026. We referenced it to ground down payment and financing discussions. |
| CONDUSEF Mortgage Comparison | Mexico's financial consumer protection regulator publishes this comparison. | We used it to anchor realistic borrower assumptions. We referenced it for down payment guidance and lender comparisons. |
| Banorte INBAPREVI Methodology | A major Mexican bank documenting a systematic housing price indicator. | We used it to justify our listing-based price triangulation approach. We adopted its methodology for market price estimates. |
| Global Property Guide Mexico | Long-running international property research publisher with cited datasets. | We used it to obtain a city-level MXN/m² benchmark. We adjusted it forward using official growth signals. |
| SHF House Price Index (IPVN) | Mexico's federal housing finance institution publishes an official price index. | We used it to anchor price growth rates with official data. We projected 2025 estimates into early 2026. |
| CDMX Notarial Fee Schedule (Arancel) | Formal fee schedule published with official gazette context for CDMX notaries. | We used it to estimate notary fees with bracketed formulas. We bounded buyer closing costs with documented sources. |
| Colegio de Notarios de la Ciudad de México | The professional body for notaries in Mexico City. | We used it to verify the notary's role in property transfers. We ensured process descriptions are accurate for foreigners. |
| CFE Domestic Tariffs | Mexico's national electricity utility publishes official residential tariffs. | We used it to ground electricity budgeting in real tariff tiers. We justified realistic monthly utility ranges. |
| CDMX Transparencia (Water Tariffs) | Official CDMX transparency portal with water tariff information. | We used it to confirm water charges vary by area. We justified treating water as often HOA-included. |
| Expansión (Predial Discounts 2026) | Major national outlet reporting on concrete government benefit schedules. | We used it to reflect early-2026 payment timing and discounts. We referenced it only for discount calendar context. |
| Inmuebles24 Roma Norte | Major property portal with standardized listing data and neighborhood stats. | We used it to pin down neighborhood-level MXN/m² examples. We triangulated prime central neighborhood pricing. |
| Inmuebles24 Polanco | Same portal providing transparent price per m² by neighborhood. | We used it to represent top-of-market CDMX pricing. We bounded what premium neighborhoods cost. |
| Inmuebles24 Tláhuac Listings | Listing data showing lower-priced peripheral areas. | We used it to document affordable neighborhood pricing. We showed the full price range across the city. |
| Inmuebles24 Accessibility Rankings | Portal's analysis of budget-friendly neighborhoods. | We used it to identify first-time buyer neighborhoods. We verified practical entry-level options. |
| Propiedades.com Market Report | Major portal publishing detailed market analyses. | We used it to track gentrification trends and price growth. We verified neighborhood-level price movements. |
| El País (Gentrification Coverage) | Major international newspaper covering Mexico City real estate trends. | We used it to identify fast-rising neighborhoods. We documented gentrification spillover effects. |
| CONDUSEF Home Insurance Guide | Official financial consumer authority evaluating insurance products. | We used it to keep insurance guidance Mexico-specific. We supported why many homes remain uninsured. |
| AXA Mexico Home Insurance | Major insurer providing quote flows and coverage information. | We used it to verify insurance availability and pricing. We sanity-checked typical premium ranges. |
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Mexico. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.