The Housing Price Index of the Sociedad Hipotecaria Federal (SHF) accumulated a 7.9% increase in the first half of 2026, more than double the 3.4% inflation for the period. The average value of a home in Mexico reached 1 million 960 thousand pesos, and in Mexico City it reached 4.3 million, according to EFE.
The breakdown by segment shows the pattern: economy and social housing became 10% more expensive, while middle and residential housing rose 6.7%, according to EFE's report on the index. In the second quarter the annual increase was 7.3%. For Mexico the figure matters because credit did not get cheaper at the same pace: the weighted average mortgage rate was 9.99% in June 2026, compared with 10.31% a year earlier, according to the same agency. Enrique Quintana's column in El Financiero notes that the central bank reports a mortgage rate of 11.3% and an average CAT of 13.8%.
With those parameters, the Condusef simulator estimates that buying the average-priced home requires proving monthly income of between 32,000 and 60,000 pesos, according to the El Financiero column. BBVA requires 63,000 pesos and Banamex almost 61,000; in Mexico City the requirement exceeds 130,000. On the other side, the INEGI ENOE cited in the same text indicates that 46.5% of the employed population earned up to one minimum wage in the second quarter of 2026, about 9,582 pesos a month, and that only 0.8% reported more than five minimum wages, 47,912 pesos.
The column identifies an intermediate band: those earning between two and six minimum wages, from 19,000 to 57,000 pesos, are not eligible for Infonavit's Vivienda para el Bienestar program, with homes of up to 630,000 pesos, and they also fall short of bank requirements. The SHF publishes the third-quarter index in November, and the figure will show whether the pace of appreciation is moderating.
This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.