Mexico housing prices up 7.3% nationally in Q2; Jalisco, Quintana Roo lead increases

Housing prices across Mexico saw a significant appreciation of 7.3% nationally in the second quarter of 2026 compared to the same period in 2025, according to data from Sociedad Hipotecaria Federal (SHF). The cumulative growth for the first half of the year reached 7.9%.

Both new and existing homes experienced notable increases. New housing appreciated by 8.3%, while used housing saw a 7.5% rise from January to June. Single-family homes led the appreciation with an 8.4% increase, followed by condominiums and apartments at 7.4%. Economical and social housing segments grew by 10%, while mid-range residential properties appreciated by 6.7%.

The average national home value in the first six months of 2026 was approximately 1.96 million pesos, characteristic of a mid-range property. Analysis of mortgage credit values shows that 25% of transactions were for less than 843,000 pesos, with a median appraisal value of 1.3 million pesos. Three-quarters of homes were valued below 2.23 million pesos.

This housing market growth occurred within a broader economic context. Mexico's GDP grew 2.2% in the second quarter of 2026 year-over-year. The number of permanent workers registered with IMSS increased by 1.4% between June 2025 and June 2026, while inflation (IPC) stood at 3.4%. The average mortgage interest rate in the second quarter of 2026 was 11.42%.

Geographically, Jalisco and Quintana Roo recorded the highest state-level housing price increases, at 11.2% and 11.5% respectively. The metropolitan area of Guadalajara saw an 11% appreciation, followed by Tijuana at 9.7% and Monterrey at 8.3%.