Get all the data you need about the real estate market in Mexico City
This article covers apartment purchase prices in Mexico City as of 2026, and we update it regularly so the data stays as fresh as possible.
Whether you are comparing neighborhoods for the first time or narrowing down a shortlist, the figures below give you a clear starting point.
All prices are estimates based on asking-price data and official housing indices, not notarized transaction records.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Mexico City.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive Mexico City neighborhood for apartments | Hipodromo Condesa |
| Most affordable Mexico City neighborhood for apartments | San Pedro de los Pinos |
| Average price per square meter across all Mexico City neighborhoods | MXN 70,000 |
| Median apartment price across Mexico City | MXN 7,500,000 |
| Lowest realistic starting budget to buy an apartment in Mexico City | MXN 1,970,000 |
| Most expensive apartment type in Mexico City (by bedroom count) | Two-bedroom apartment |
| Most affordable apartment type in Mexico City (by bedroom count) | Studio apartment |
| Average price for a studio apartment in Mexico City | MXN 2,800,000 |
| Average price for a one-bedroom apartment in Mexico City | MXN 4,200,000 |
| Average price for a two-bedroom apartment in Mexico City | MXN 6,300,000 |
| Price gap between the most and least expensive Mexico City neighborhoods | MXN 32,000 per m2 (roughly 57% more in Hipodromo Condesa than in San Pedro de los Pinos) |
| Price spread across Mexico City apartment neighborhoods | The top five neighborhoods average about 35% more per m2 than the bottom five |
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Mexico City neighborhoods in 2026 ranked by apartment purchase price
This table ranks the top neighborhoods in the Mexico City apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Mexico City.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hipodromo Condesa | MXN 88,700 | MXN 8,730,000 | MXN 3,100,000 | MXN 3,550,000 | MXN 5,320,000 | MXN 7,980,000 | Lifestyle-driven professionals who prioritize walkability and character | Park-adjacent Art Deco buildings, very walkable streets, and strong resale and rental demand in central Mexico City | Traffic, limited parking, and older buildings that require seismic-review due diligence add friction to the buying process | Luxury |
| 2 | Granada (Nuevo Polanco) | MXN 82,900 | MXN 8,300,000 | MXN 2,900,000 | MXN 3,320,000 | MXN 4,970,000 | MXN 7,460,000 | Amenity-focused buyers upgrading to newer towers with modern finishes | Newer buildings, strong amenities, and close proximity to Polanco offices make Granada very practical for working professionals | Heavy traffic and a more corporate atmosphere than the classic central neighborhoods of Mexico City | Premium |
| 3 | Juarez | MXN 78,100 | MXN 6,680,000 | MXN 2,730,000 | MXN 3,120,000 | MXN 4,680,000 | MXN 7,030,000 | Urban professionals looking for Reforma access at a slight discount to Condesa | Strong transit links, direct access to Paseo de la Reforma, and a fast-improving apartment stock in central Mexico City | Noise, mixed block quality, and nightlife spillover vary sharply from one street to the next | Premium |
| 4 | Condesa | MXN 76,000 | MXN 8,630,000 | MXN 2,660,000 | MXN 3,040,000 | MXN 4,560,000 | MXN 6,840,000 | Investor-landlords and buyers targeting one of Mexico City's most liquid apartment submarkets | Strong walkability, high rental appeal, and consistently deep buyer demand keep Condesa one of the most sought-after areas | Premium pricing, limited inventory, and earthquake-era building checks add complexity to purchases in Condesa | Premium |
| 5 | Roma | MXN 75,800 | MXN 6,340,000 | MXN 2,650,000 | MXN 3,030,000 | MXN 4,550,000 | MXN 6,820,000 | Creative urban buyers drawn by cafes, culture, and a strong sense of neighborhood identity | Consistent apartment demand, a rich cultural scene, and excellent walkability make Roma one of Mexico City's most desirable addresses | Block-by-block noise, parking pressure, and heritage-building maintenance costs can catch first-time buyers off guard | Premium |
| 6 | Polanco | MXN 72,900 | MXN 13,590,000 | MXN 2,550,000 | MXN 2,920,000 | MXN 4,370,000 | MXN 6,560,000 | High-income buyers seeking a prestige address with deep luxury services nearby | One of Mexico City's most prestigious addresses, resilient long-term demand, and access to the best restaurants and hotels in the city | High entry prices, rising HOA costs, and the most prime sections of Polanco price well above the neighborhood average | Luxury |
| 7 | Santa Fe | MXN 66,800 | MXN 15,900,000 | MXN 2,340,000 | MXN 2,670,000 | MXN 4,010,000 | MXN 6,010,000 | Corporate corridor buyers who prioritize modern buildings and office proximity over street life | Newer building stock, larger unit sizes, and strong demand from the nearby office corridor support apartment values in Santa Fe | Heavy car dependence, long commutes to central Mexico City, and weaker street-level activity reduce everyday convenience | Premium |
| 8 | Anzures | MXN 66,000 | MXN 8,190,000 | MXN 2,310,000 | MXN 2,640,000 | MXN 3,960,000 | MXN 5,940,000 | Buyers who want a quieter central location at a slight discount to Polanco | Close to Polanco and Reforma but usually calmer and offering better value per square meter for apartments in Mexico City | Older inventory dominates and street quality can feel uneven compared with the premium neighbors just to the west | Premium |
| 9 | Napoles | MXN 60,600 | MXN 6,370,000 | MXN 2,120,000 | MXN 2,420,000 | MXN 3,630,000 | MXN 5,450,000 | WTC-area owner-occupiers looking for good centrality without paying Roma-Condesa prices | Good central location, easy office access, and strong everyday services make Napoles a practical and livable neighborhood | Event-day congestion around the WTC and busy main avenues can reduce the quiet residential atmosphere | Mid-Market |
| 10 | Narvarte | MXN 57,200 | MXN 6,280,000 | MXN 2,000,000 | MXN 2,290,000 | MXN 3,430,000 | MXN 5,150,000 | Local upgraders buying their first owner-occupied apartment in a stable, well-served neighborhood | Strong owner-occupier demand, solid transit connections, and more competitive pricing than nearby Roma and Condesa | Premium new-build projects are scarce and much of the existing stock in Narvarte is older | Mid-Market |
| 11 | San Pedro de los Pinos | MXN 56,400 | MXN 4,700,000 | MXN 1,970,000 | MXN 2,260,000 | MXN 3,380,000 | MXN 5,070,000 | Value-seeking first-time buyers looking for an accessible entry point into central-west Mexico City | Good connectivity and lower entry prices give practical access to Mexico City without paying a central premium | Less prestigious address, noisier roads, and more uneven building quality than nearby Benito Juarez favorites | Affordable |
| 12 | Del Valle | MXN 56,400 | MXN 7,450,000 | MXN 1,970,000 | MXN 2,250,000 | MXN 3,380,000 | MXN 5,070,000 | Family-oriented professionals looking for a stable residential neighborhood with broad services | Reliable residential reputation, dependable resale demand, and a wide range of everyday services make Del Valle a family-friendly choice | Larger average unit sizes push the total ticket price up even when the price per square meter looks moderate | Mid-Market |
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Key insights about apartment purchase prices in Mexico City
Insights
- Hipodromo Condesa is about 57% more expensive per square meter than Del Valle or San Pedro de los Pinos, which shows how wide the Mexico City apartment price gap can be even within the same city.
- Polanco's median ticket price (around MXN 13.6 million) is far above what its per-square-meter ranking alone would suggest, because apartments there tend to be large and high-end, pushing total costs well above neighbors with similar m2 rates.
- Roma and Condesa are nearly identical on a per-square-meter basis (MXN 75,800 vs MXN 76,000), so choosing between them in 2026 comes down to lifestyle preferences rather than any meaningful price difference.
- Santa Fe has a lower price per square meter than many central neighborhoods, yet its median property price is the highest of all 12 neighborhoods at around MXN 15.9 million, because apartments there are significantly larger.
- Granada (Nuevo Polanco) ranks second on price per square meter despite being a newer and less historically prestigious area, showing how modern tower supply and strong corporate demand in Mexico City drive prices up fast.
- Anzures offers a cheaper entry point than Polanco (MXN 66,000 vs MXN 72,900 per m2) while still being within walking distance of the same streets, making it one of the best value-for-location trade-offs in the Mexico City apartment market.
- Narvarte consistently ranks as one of the strongest owner-occupier choices in Mexico City, combining solid transit access and real community feel with prices roughly 25% below Roma and Condesa.
- The five most affordable neighborhoods in this ranking average around MXN 57,400 per m2, while the five most expensive average around MXN 79,100 per m2, a gap of roughly 38% across the Mexico City apartment market.
- Del Valle looks affordable on a per-square-meter basis but carries a larger total ticket than Narvarte or Napoles because units tend to be bigger, a detail that often surprises first-time buyers comparing neighborhoods by headline m2 price alone.
- The three Benito Juarez neighborhoods (Napoles, Narvarte, Del Valle) cluster very tightly in per-square-meter terms, which means the right choice between them depends more on lifestyle priorities and unit size than on headline price differences.
- Juarez is firmly in the premium segment at around MXN 78,100 per m2, yet it sits below Condesa and Roma, making it one of the more accessible entry points for buyers who need Reforma access without paying the absolute top of the Mexico City market.
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About our methodology
We built these Mexico City apartment price estimates by triangulating several data sources: official housing statistics from Mexico's Sociedad Hipotecaria Federal (SHF), Banorte's INBAPREVI monthly market indicator for January 2026, inflation data from INEGI, and neighborhood-level apartment asking-price data from the Mudafy portal, with spot checks on Inmuebles24.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Mexico City.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Mexico City neighborhood, we started from Mudafy's apartment-only colonia benchmarks for 2025, then applied a conservative early-2026 uplift to produce April 2026 estimates. We cross-checked these figures against the SHF housing price index and Banorte's January 2026 Mexico City benchmark to make sure the direction and scale of price movements were consistent.
This allowed us to estimate the average price per square meter and the median property price for each neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase in Mexico City.
For each apartment category, we used a consistent local sizing convention across all neighborhoods: a studio at 40 square meters, a one-bedroom at 60 square meters, and a two-bedroom at 90 square meters. This makes comparisons straightforward and avoids distortions from varying unit sizes.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Mexico City.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Mexico City, we rely on verifiable sources and a transparent methodology.
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 authoritative | How we used it |
|---|---|---|
| Sociedad Hipotecaria Federal (SHF) - Statistics and Research | SHF is Mexico's specialist public housing-finance institution and publishes the country's most widely cited housing market statistics. | We used it to anchor the analysis in official housing-market data. We also used it to verify the national and Mexico City-focused housing price series that sit behind our April 2026 estimates. |
| SHF Housing Price Index, Q4 2025 | This is an official government release summarizing the latest SHF nationwide housing price results. | We used it to confirm the official appreciation trend going into early 2026. We also used it to avoid relying only on listing portals, which can overstate price levels. |
| Banorte INBAPREVI Launch Note | Banorte is one of Mexico's largest financial groups and this document explains the methodology behind its monthly housing price indicator, which is built from large-scale listing data. | We used it to understand how INBAPREVI is constructed. We also used it as a methodological cross-check for our asking-price-based neighborhood estimates. |
| Global Property Guide - Mexico Market Analysis 2026 | Global Property Guide is a long-established international property research publisher that clearly cites the underlying Mexican data sources it uses. | We used it to capture the January 2026 Banorte benchmark for Mexico City price per square meter. We also used it to bridge late-2025 data into early 2026 estimates. |
| INEGI - Consumer Price Index, First Half of February 2026 | INEGI is Mexico's national statistics office and the official source for all inflation data in the country. | We used it to understand the broader inflation environment around early 2026. We also used it to keep our April 2026 price uplift conservative rather than overstating nominal growth. |
| Mudafy - Mexico City Price per m2 Map | Mudafy is a major Mexico property portal that explains its price-per-square-meter methodology and updates the dataset on a regular basis. | We used it to identify which Mexico City boroughs are the most apartment-relevant and most expensive. We also used it as the citywide neighborhood-mapping base before drilling down into colonia-level apartment data. |
| Mudafy - Cuauhtemoc Borough Price per m2 | This is a transparent neighborhood-level page covering one of Mexico City's most active apartment markets. | We used it to extract apartment benchmarks for Roma, Condesa, Hipodromo Condesa, and Juarez. We also used it to compare these central neighborhoods on a like-for-like apartment basis. |
| Mudafy - Miguel Hidalgo Borough Price per m2 | This is a transparent neighborhood-level page focused on apartment pricing within one of Mexico City's key apartment-buying boroughs. | We used it to extract apartment price-per-square-meter and average-price benchmarks for Polanco, Anzures, and Granada. We also used it to compare these western premium neighborhoods on a consistent basis. |
| Mudafy - Benito Juarez Borough Price per m2 | This is a detailed apartment-focused pricing page for a borough that is central to owner-occupier demand in Mexico City. | We used it to extract apartment benchmarks for Del Valle, Napoles, Narvarte, and San Pedro de los Pinos. We also used it to compare mid-market family-oriented neighborhoods with central premium areas. |
| Mudafy - Alvaro Obregon Borough Price per m2 | This is a neighborhood-level apartment pricing page for a major western Mexico City borough with strong vertical housing supply. | We used it to extract the apartment benchmark for Santa Fe. We also used it to compare newer western apartment stock with older central stock across Mexico City. |
| Inmuebles24 - Apartments for Sale in Condesa | Inmuebles24 is one of Mexico's biggest property portals and offers a large, active inventory of apartment listings across Mexico City. | We used it as a spot-check on current asking-price ranges in Condesa, one of Mexico City's most liquid apartment neighborhoods. We also used it to sanity-check the order of magnitude of our neighborhood estimates. |
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