How much does a house cost in Tegucigalpa?

Authored by the expert who managed and guided the team behind the Honduras Property Pack

Everything you need to know before buying real estate is included in our Honduras Property Pack

Who is the author of this content?

THE LATINVESTOR

A team specialized in real estate investing in LATAM countries

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Tegucigalpa. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At The LatinVestor, we explore the Honduran real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Tegucigalpa, San Pedro Sula, and Roatán. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

How much does a square meter of land cost on average in Tegucigalpa right now?

Land prices in Tegucigalpa's urban center currently average $1,200 per square meter as of September 2025.

The national average for residential land sits at approximately $1,264 per square meter, though this figure encompasses various quality levels and locations throughout Honduras.

Suburban and residential land outside the city center commands lower prices than these premium urban rates, though specific suburban averages aren't consistently published by local authorities. The significant premium for city center land reflects the high demand for central locations with better infrastructure and accessibility.

Urban condos and city-center land maintain this pricing advantage due to limited supply and proximity to business districts, schools, and healthcare facilities.

It's something we develop in our Honduras property pack.

What's the typical price range for a small apartment, say 1 or 2 bedrooms, in the city center?

Small city-center condos in Tegucigalpa typically range from $100,000 to $200,000 for 1-2 bedroom units.

The sale price per square meter for condos in central areas averages $1,200, which means a 80-square-meter apartment would cost around $96,000, while a 150-square-meter unit would reach $180,000.

These prices reflect modern amenities, security features, and prime locations within walking distance of commercial centers, restaurants, and public transportation. Older buildings or those requiring renovation may sell for 15-20% below these averages.

Premium buildings with rooftop amenities, parking spaces, and 24-hour security can command prices at the higher end of this range or even exceed $200,000 for larger units.

What about the average price for a 3-bedroom family house in residential neighborhoods?

A typical 3-bedroom family house in Tegucigalpa's residential neighborhoods averages around $138,000 for newer construction of 85-100 square meters.

The price per square meter for standard family homes in less central neighborhoods runs approximately $390-$400, translating to about L9,670 per square meter in local currency.

Higher-end established residential areas closer to the city center or with superior amenities see 3-bedroom homes priced between $120,000-$370,000, depending on lot size, construction quality, and neighborhood prestige.

Factors affecting pricing include proximity to good schools, access to main roads, neighborhood security levels, and available utilities like reliable electricity and water supply.

How much do luxury homes in upscale areas like Lomas del Guijarro or El Hatillo usually sell for?

Luxury properties in Tegucigalpa's most exclusive neighborhoods like Lomas del Guijarro and El Hatillo range from $1,000,000 to $3,000,000 or more.

High-end condos and mansions in these prestigious zones regularly sell for $2,500,000 or higher, particularly those with panoramic city views, extensive gardens, or unique architectural features.

These premium properties often include features like private pools, multi-car garages, staff quarters, advanced security systems, and landscaped grounds spanning several thousand square meters.

The most expensive listings in these areas can exceed $3,000,000, especially for custom-built mansions with luxury finishes, smart home technology, and prime hillside locations offering privacy and views.

What's the price difference per square meter between city center properties and suburban ones?

City center properties in Tegucigalpa cost 2-3 times more per square meter than suburban residential properties.

Location Type	Price per m²	Typical Property
City Center Condos	$1,200	Modern apartments with amenities
Suburban Residential	$390 - $400	Family houses in neighborhoods
Mixed Residential Areas	$400 - $1,200	Wide range depending on quality
Premium Suburban	$800 - $1,000	Better neighborhoods, newer construction
Rural/Outer Areas	$200 - $400	Basic housing, limited amenities
Luxury Suburban	$1,000+	Gated communities, high-end features

How much more expensive is it to buy inside gated communities compared to open neighborhoods?

Properties inside gated communities in Tegucigalpa typically cost 20-40% more per square meter than similar properties in open neighborhoods.

This premium reflects added amenities such as 24-hour security, landscaped common areas, private parks, sports facilities, and controlled access that gated communities provide.

Exclusive gated developments like those in Lomas del Guijarro or El Hatillo command the highest premiums, with price spreads of approximately 30% above comparable open neighborhood properties.

The security factor alone adds significant value, as gated communities offer peace of mind that many buyers prioritize, especially for families with children or elderly residents.

Additional costs within gated communities include monthly HOA fees ranging from $50-200, depending on the amenities and services provided by the community management.

What's the average monthly rent, and how does it compare to mortgage payments for the same type of house?

Average monthly rent in Tegucigalpa ranges from HNL 9,500-14,000 ($385-$570) for midrange apartments and HNL 17,000-25,000 ($690-$1,015) for modern family houses in good neighborhoods.

Mortgage payments on a $120,000-$200,000 property over 20 years at 8% interest typically range from $1,000-$1,650 monthly, often exceeding rental costs for similar properties unless a substantial down payment is made.

Renting usually provides better monthly cash flow for most average family properties, making it an attractive option for newcomers to Tegucigalpa or those testing different neighborhoods before buying.

The rent-to-mortgage ratio becomes more favorable for buyers who can make down payments of 30% or more, significantly reducing monthly mortgage obligations.

It's something we develop in our Honduras property pack.

How much are property taxes each year, on average, for a typical house in Tegucigalpa?

Annual property taxes in Tegucigalpa typically range from $250-$700 for standard urban homes, representing 0.15-0.25% of the cadastral value.

The cadastral value used for tax calculations is often significantly below current market value, which keeps property tax burdens relatively manageable for homeowners.

Higher-value properties and those in premium neighborhoods may face slightly higher tax rates, while properties in developing areas or those requiring infrastructure improvements may qualify for temporary tax reductions.

Property owners should budget approximately 0.2% of their property's assessed value for annual property taxes, though this can vary based on municipal policies and property improvements.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Honduras 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's the average cost of home insurance per year for a standard family house?

Home insurance for a standard family house in Tegucigalpa averages $350-$600 annually, depending on coverage levels and property value.

Basic coverage typically includes protection against fire, theft, and natural disasters common to the region, while comprehensive policies add liability coverage and protection for personal belongings.

Luxury homes or properties with higher values require premium insurance policies that can cost $800-$1,500 annually, particularly those in areas prone to flooding or with expensive custom features.

Many lenders require borrowers to maintain insurance coverage throughout the mortgage term, making this an essential budget consideration for property buyers using financing.

How much does it usually cost to build a new house per square meter if I buy land instead?

Building a new house in Tegucigalpa costs $600-$1,000 per square meter for mid-level quality construction, depending on finishes and builder selection.

Construction Quality	Cost per m²	Typical Features
Basic Construction	$600 - $800	Standard materials, basic finishes
Mid-Level Quality	$800 - $1,000	Good materials, decent finishes
High-End Construction	$1,000 - $1,200	Premium materials, quality finishes
Luxury Custom Homes	$1,200 - $1,500	Imported materials, custom features
Ultra-Luxury	$1,500+	Designer finishes, smart home tech

What are the typical closing costs and legal fees as a percentage of the home price?

Total closing costs and legal fees in Tegucigalpa typically amount to 5-7% of the purchase price, encompassing all required fees and taxes.

1. **Land transfer tax:** 1.5% of purchase price2. **Registration fees:** 0.3-0.5% for property registration3. **Legal fees:** Commonly 2% for attorney services4. **Notary fees:** 0.5-1% for document authentication5. **Title search and insurance:** 0.5-0.8% for verification services

These costs are generally split between buyer and seller according to local customs, though buyers typically bear the majority of expenses.

It's something we develop in our Honduras property pack.

How much have housing prices in Tegucigalpa increased in the past 5 years, and what's the annual growth rate?

Housing prices in Tegucigalpa have risen 15-25% over the past five years, with an average annual growth rate of 3-5% as of September 2025.

Luxury properties, tourist-oriented developments, and urban residential segments have experienced higher growth rates of 6-8% annually during recent periods, outpacing the general market.

This steady appreciation reflects increased foreign investment, growing demand from the diaspora, and gradual infrastructure improvements in key neighborhoods throughout the capital.

Economic stability and government incentives for real estate development have contributed to sustained price growth, making Tegucigalpa an attractive market for both local and international property investors.

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.

Sources

1. Honduras Price Forecasts - The LatinVestor
2. Tegucigalpa Rental Apartments - Rentberry
3. 3-Bedroom Houses for Sale Honduras - Fazwaz
4. Tegucigalpa Houses for Sale - Realtor International
5. Honduras Real Estate Market - The LatinVestor
6. Land for Sale Honduras - Fazwaz
7. Square Meter Prices - Global Property Guide
8. Tegucigalpa Apartments - Airbnb