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
Real estate costs in Tegucigalpa vary significantly based on location, property type, and quality, with apartments averaging $1,200 per square meter and houses around $1,264 per square meter as of September 2025. Property prices in the Honduran capital have surged by 25-30% over the past five years, making it an increasingly expensive market for both buyers and renters.
The residential property market in Tegucigalpa offers diverse options from affordable suburban apartments starting around $100,000 to luxury mansions exceeding $2.6 million in exclusive neighborhoods like Lomas del Guijarro. Understanding these price ranges is crucial for anyone considering purchasing property in Honduras' capital city, whether for investment purposes or relocation.
If you want to go deeper, you can check our pack of documents related to the real estate market in Honduras, based on reliable facts and data, not opinions or rumors.
Property prices in Tegucigalpa range from $100,000 for basic one-bedroom apartments to over $2.6 million for luxury mansions, with middle-class houses typically costing $150,000-$200,000.
Monthly rents vary from $227 for one-bedroom apartments outside the center to $534 for three-bedroom units in central areas, while annual property taxes average 0.35% of the property's appraised value.
| Property Type | Location | Price Range (USD) |
|---|---|---|
| 1-Bedroom Apartment | City Center | $100,000 - $200,000 |
| 1-Bedroom Apartment | Outside Center | $70,000 - $140,000 |
| 3-Bedroom Apartment | City Center | $263,000 |
| Middle-Class House | Suburban Areas | $150,000 - $200,000 |
| High-End House | Premium Zones | $250,000 - $1,000,000+ |
| Luxury Properties | Exclusive Districts | $500,000 - $2,600,000+ |
| Land per m² | Developed Areas | $290+ |
What's the average cost per square meter for apartments in Tegucigalpa?
Apartment prices in Tegucigalpa average $1,200 per square meter as of September 2025.
This figure represents the standard rate for urban condominiums in decent neighborhoods with basic amenities. The price varies significantly depending on the specific location within the city, with central areas commanding higher rates than suburban zones.
Premium apartments in upscale neighborhoods like Lomas del Guijarro or Las Lomas can reach $1,500-$1,800 per square meter, while more affordable options in outer districts might cost $800-$1,000 per square meter. The quality of construction, building amenities, and proximity to commercial centers also influence these per-square-meter rates.
Modern developments with amenities like swimming pools, gyms, and security systems typically price above the average, while older buildings or those requiring renovation fall below this benchmark.
It's something we develop in our Honduras property pack.
What's the average cost per square meter for houses in Tegucigalpa?
Houses in Tegucigalpa cost approximately $1,264 per square meter on average.
This rate applies to standalone residential properties in middle-class to upper-middle-class neighborhoods. The price reflects both the land value and construction costs typical of the Tegucigalpa housing market in 2025.
High-end residential zones can see prices reaching $1,800-$2,500 per square meter for luxury houses with premium finishes and large lots. Conversely, houses in developing neighborhoods or those requiring significant repairs might cost $800-$1,100 per square meter.
The square meter price for houses generally includes both the built area and proportional land value, making it higher than apartment rates due to the land component. New construction houses typically command premium prices compared to existing homes.
How much does a one-bedroom apartment typically cost in the city center versus outside the center?
One-bedroom apartments in Tegucigalpa's city center typically cost $100,000-$200,000, while those outside the center cost 20-30% less.
Central apartments offer the advantage of proximity to business districts, restaurants, and entertainment venues, justifying their premium pricing. These units often feature modern amenities and better security systems.
Outside the city center, one-bedroom apartments range from $70,000-$140,000, making them more accessible for first-time buyers or investors seeking better rental yields. These areas still provide good access to public transportation and essential services.
The price difference reflects factors like convenience, infrastructure quality, and neighborhood prestige. Central apartments also tend to retain their value better during market fluctuations.
How much does a three-bedroom apartment cost on average in different neighborhoods?
Three-bedroom apartments in Tegucigalpa average $263,000 in city-center locations, with significant variation across neighborhoods.
| Neighborhood Type | Average Price | Characteristics |
|---|---|---|
| City Center | $263,000 | Modern amenities, business district proximity |
| Upscale Suburbs | $220,000 - $280,000 | Quiet residential areas, good schools |
| Middle-Class Areas | $180,000 - $220,000 | Established neighborhoods, decent infrastructure |
| Developing Zones | $120,000 - $180,000 | Growing areas, improving infrastructure |
| Outer Districts | $100,000 - $150,000 | More affordable, longer commutes |
| Luxury Complexes | $300,000 - $450,000 | Premium finishes, exclusive amenities |
Don't lose money on your property in Tegucigalpa
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What's the price range for standalone houses in middle-class areas compared to high-end zones?
Standalone houses in middle-class areas of Tegucigalpa typically cost $150,000-$200,000, while high-end zones command $250,000-$1,000,000 or more.
Middle-class residential areas offer three-bedroom houses with standard finishes, small gardens, and basic security features. These properties provide good value for families seeking homeownership without premium costs.
High-end zones like Lomas del Guijarro feature houses with luxury finishes, larger lots, advanced security systems, and premium locations. These properties often include swimming pools, multiple car garages, and high-quality construction materials.
The price gap reflects differences in land values, construction quality, neighborhood infrastructure, and social prestige. High-end areas also offer better access to private schools, country clubs, and upscale shopping centers.
Investment potential varies significantly between these segments, with middle-class properties offering steady appreciation while luxury homes provide prestige but potentially lower liquidity.
How much do luxury properties cost in the most expensive districts of Tegucigalpa?
Luxury properties in Tegucigalpa's most expensive districts range from $500,000 to over $2.6 million.
Exclusive neighborhoods like Lomas del Guijarro, Las Lomas, and Palmira represent the pinnacle of Tegucigalpa's residential market. These areas feature mansions with extensive grounds, premium architectural designs, and top-tier amenities.
Properties exceeding $1 million often include features like private swimming pools, tennis courts, multiple car garages, guest houses, and sophisticated security systems. Some mansions reach up to HNL 65 million (approximately $2.6 million) for exceptional properties.
These luxury districts offer privacy, prestige, and proximity to elite social clubs and international schools. The properties typically feature imported materials, custom designs, and professional landscaping.
It's something we develop in our Honduras property pack.
What's the typical monthly rent for a one-bedroom apartment in the center and outside of it?
Monthly rent for one-bedroom apartments averages $295 in Tegucigalpa's city center and $227 outside the center.
Central apartments command higher rents due to their proximity to business districts, entertainment venues, and public transportation hubs. These units often feature modern amenities and better building maintenance.
Apartments outside the center offer more space for the money and appeal to tenants prioritizing affordability over location convenience. These areas still provide reasonable access to the city's main attractions and employment centers.
Rental yields for one-bedroom apartments typically range from 3-5% annually, with outer areas sometimes offering better returns due to lower purchase prices relative to rental income.
How much is the average monthly rent for a three-bedroom apartment in both central and suburban areas?
Three-bedroom apartments rent for approximately $534 monthly in central areas and $389 in suburban locations.
Central three-bedroom apartments attract families and professionals who value convenience and are willing to pay premium rents for location benefits. These units often include parking spaces and building amenities.
Suburban three-bedroom apartments provide more living space at lower costs, making them popular with larger families and budget-conscious renters. These areas typically offer quieter environments and sometimes access to outdoor recreational spaces.
The rental market for three-bedroom units remains stable throughout the year, with slight seasonal variations during school enrollment periods when families relocate.
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 are the average costs of land per square meter in different parts of the city?
Land costs in Tegucigalpa average $290 per square meter in developed, accessible zones.
Prime locations near the city center or in established neighborhoods command higher prices, often reaching $400-$600 per square meter. These areas offer immediate access to utilities, paved roads, and existing infrastructure.
Exclusive planned communities and gated developments can exceed $800 per square meter due to their premium amenities and controlled access. These locations often include landscaping, security, and community facilities.
Undeveloped or peripheral areas might cost $150-$250 per square meter, requiring additional investment for utilities and infrastructure development. These areas appeal to long-term investors willing to wait for urban expansion.
Land prices have increased substantially due to urban growth and limited available space within the city's expanding boundaries.
How have property prices in Tegucigalpa changed in the last five years, percentage-wise?
Property prices in Tegucigalpa have increased by 25-30% over the last five years, reflecting strong market demand.
This growth rate significantly outpaces inflation and demonstrates the robust nature of the capital's real estate market. The increase affects both residential and commercial properties across all price segments.
Urban neighborhoods have experienced the strongest price appreciation, particularly those undergoing infrastructure improvements or benefiting from new commercial developments. Some premium areas have seen increases exceeding 35%.
The price growth stems from factors including population increase, limited land availability, improved economic conditions, and growing foreign interest in Honduran real estate. This trend has made property ownership increasingly challenging for middle-income households.
It's something we develop in our Honduras property pack.
What are the estimated yearly property taxes on an average apartment and on a house?
Annual property taxes in Tegucigalpa amount to approximately 0.35% of the property's appraised value.
For an average apartment worth $150,000, yearly property taxes would be approximately $525. This calculation uses the standard rate of up to HNL 3.50 per thousand of urban property value.
A typical house valued at $200,000 would incur annual property taxes of about $700. Luxury properties worth $500,000 or more face proportionally higher taxes, reaching $1,750 annually.
Property tax assessments are based on municipal appraisals that may differ from market values. Property owners can appeal assessments they consider excessive through the local tax authority.
These tax rates remain relatively low compared to other Central American capitals, making property ownership more affordable from a carrying cost perspective.
What additional buying costs should someone expect, such as notary fees, registration, or closing costs in percentage of the purchase price?
Additional buying costs in Tegucigalpa typically range from 2-6% of the purchase price.
Notary and registration fees generally account for 1.5-3% of the property value. These mandatory costs cover legal documentation, title verification, and official property registration with government authorities.
Additional expenses include property appraisals, bank charges for financing, legal representation, and documentation fees. These miscellaneous costs typically add another 0.5-3% to the total transaction cost.
Buyers should budget for potential survey costs, property inspections, and insurance setup fees. Foreign buyers may face additional requirements for legal representation and documentation translation.
These closing costs are generally lower than those found in North American or European markets, making Tegucigalpa property purchases more accessible from a transaction cost perspective.
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.
The Tegucigalpa real estate market presents diverse opportunities for both investors and residents, with property values showing consistent growth over recent years.
Understanding these price ranges and associated costs is essential for making informed decisions in this dynamic Central American capital's property market.
Sources
- Honduras Price Forecasts - The Latin Investor
- Tegucigalpa Price Forecasts - The Latin Investor
- Living Cost - Tegucigalpa
- Fazwaz - Luxury Real Estate Tegucigalpa
- Asia Villas - Land for Sale Tegucigalpa
- Dentons - Global Tax Guide Honduras
- Kredium - Real Estate Closing Costs
- The Mortgage Reports - Closing Costs Guide