Mortgage-financed home prices in Mexico rose 7.6% through September 2026. Jalisco and Quintana Roo both climbed 10.3%, while Tamaulipas led at 12.8%.
Puerto Vallarta, Jalisco, November 12, 2026 – Prices for homes bought with a mortgage in Mexico rose 7.6% from January through September compared with the same period last year. In the third quarter alone, prices were up 7% from a year earlier, according to Sociedad Hipotecaria Federal figures.
That’s a slower pace than the 7.3% increase in the second quarter and the 8.9% rise a year earlier. Lower-cost and social housing still saw a 9.6% increase through September, compared with 6.5% for the middle and higher-priced homes the index groups together.
The index uses appraisals for homes bought with a mortgage. It leaves out cash sales and asking prices. The average appraisal through September was just under 1.98 million pesos. The median was about 1.30 million pesos, meaning half of the homes in the data were appraised below that mark.
Jalisco was among the states with the biggest increases
Appraised values rose 10.3% in Jalisco and Quintana Roo through September. Tamaulipas led the country at 12.8%, and Aguascalientes rounded out the states with double-digit gains at 10.1%. In the Guadalajara metro area, the increase was 10.1%.
Ciudad de México had the smallest increase at 3.8%, but it still had the highest average appraisal in the country at about 4.36 million pesos. Tlaxcala was next at 4.5%.
In neighboring Nayarit, the first-half figures published by Inmobiliare showed a statewide increase of 10.6% from January through June. Over those same six months, Jalisco was up 11.2%, and the country as a whole was up 7.9%.
A closer look at sales around the bay
In October, AMPI Riviera Nayarit president Miguel Tejeda pointed to excess inventory as a reason for falling prices in the region. Vallarta Daily’s October real estate report looks at completed sales and where buyers paid below asking, with separate listing figures for Puerto Vallarta and Bahía de Banderas.
Completed home sales slowed across the region in October, even as 76 condos went under contract.
