Introduction to Querétaro’s Housing Market
Querétaro, Qro. The rise in middle-class housing costs has pushed up the prices of residential properties in Querétaro’s Metropolitan Zone during the first half of 2025, according to the Sociedad Hipotecaria Federal (SHF).
Annual Variation and Comparison with National Average
In the first half of 2025, Querétaro’s housing prices increased by 7.1% annually, as per the SHF’s Index of Housing Prices in Mexico. This rate was 1.3 percentage points below the national average.
Nationally, residential property prices rose by 8.4% in the first half of 2025; specifically, from April to June, the value of homes purchased through a home loan increased by 8.7% across Mexico.
Querétaro’s Position Among Other States
Querétaro was among the nine entities with annual variation below the national trend, while the remaining 23 states exceeded the national average, and some even recorded double-digit annual variations.
Municipal Variations
The three Querétaro municipalities included in the SHF report showed appreciation below the national average: Querétaro city saw a 7.7% annual increase, El Marqués had a 6.8% rise, and Corregidora experienced a 5.5% increase.
Historical Comparison and Price Trends
The first-semester rise resulted from the 6.7% annual variation of the state indicator in the first quarter of 2025, which then increased to 7.6% in the second quarter. However, both trimester increases remained below those of a year ago: 11.6% in the first quarter and 9.4% in the second trimester of 2024.
Price Increases Across Mexico
During the first half of 2025, Quintana Roo had the highest housing price increase at 13.5%, followed by Tlaxcala (13.4%), Baja California Sur (12.4%), Nayarit (11.7%), and Colima (10.8%).
Conversely, the more modest increases were detected in Mexico City (4.9%), State of Mexico (5.3%), Durango (6%), Tabasco (6.3%), and Sinaloa (6.5%).
Municipal Variations Within States
Of the 74 analyzed municipalities, 47 reported appreciation rates above the average, while 27 had rates below it.
Municipalities with the Highest Increases
Benito Juárez (Quintana Roo) saw a 14% increase, Tlaxcala (Tlaxcala) had a 13.9% rise, Apizaco (Tlaxcala) experienced a 13.3% increase, Los Cabos (Baja California Sur) had a 13.1% rise, and Solidaridad (Quintana Roo) saw a 12.4% increase.
Municipalities with the Lowest Increases
Metepec (State of Mexico) had a 3% increase, Benito Juárez (Mexico City) saw a 4.5% rise, Miguel Hidalgo (Mexico City) experienced a 4.5% increase, Nacajuca (Tabasco) had a 4.9% rise, and Corregidora (Querétaro) saw a 5.5% increase.
Price Increases by Zona Metropolitana (ZM)
Tijuana’s SHF Index grew by 10.9%, León by 10.7%, Guadalajara by 10.5%, Monterrey by 9.3%, Puebla-Tlaxcala by 8.9%, Querétaro by 7.1%, Valle de Mexico by 5.2%, and Toluca by 4.8%.
Key Questions and Answers
- What caused the rise in Querétaro’s housing prices? The increase was primarily due to the rising costs of middle-class housing.
- How does Querétaro’s housing market performance compare to the national average? Querétaro’s annual variation was 1.3 percentage points below the national average.
- Which municipalities in Querétaro experienced the highest housing price increases? Benito Juárez (Quintana Roo), Tlaxcala, Apizaco, Los Cabos, and Solidaridad (Quintana Roo) had the highest increases.
- Which municipalities in Querétaro saw the most modest housing price increases? Metepec (State of Mexico), Benito Juárez (Mexico City), Miguel Hidalgo (Mexico City), Nacajuca (Tabasco), and Corregidora (Querétaro) had the lowest increases.
- How do Querétaro’s housing prices compare to other states in Mexico? Querétaro was among nine entities with annual variation below the national trend.
