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Mexico Home Prices Rise 4% Year Over Year in February, With Mexico City Still the Priciest

Banorte’s INBAPREVI, built from automated listings across 15 states, highlights widening regional gaps.

Overview

  • Banorte’s February 2026 INBAPREVI sets the national average at 31,600 MXN per m², up 4% annually and 0.1% from January.
  • Mexico City remains the most expensive market at 57,931 MXN per m².
  • Nuevo León ranks second at 55,776 MXN per m², marking an 8.8% year‑over‑year increase.
  • Tamaulipas is the most affordable at 18,558 MXN per m², though prices there climbed 10.6% annually.
  • Short‑term moves were mixed, with Baja California and Sonora down 0.3% and Guanajuato, Puebla, and Hidalgo up 0.9%, as supply stays near evenly split between houses and apartments and leans slightly toward new units (50.6%).