Payotte study · 32 states

The monthly payment on the median home, state by state

SHF median prices and Banxico's average mortgage rate, with the Banxico reference case.

Computed by Payotte; rate of August 2026 read from Banxico, prices of the first half of 2026 from the SHF.

In short

On the median home financed with a mortgage in each state (SHF, first half of 2026), with 20% down over 15 years at the average rate Banxico recorded for August 2026 (11.31%), the monthly payment ranges from MX$7,820 in Tamaulipas (median MX$845,500) to MX$30,536 in Mexico City (median MX$3,301,516). Nationally it is MX$12,020. At the lowest rate offered (9%) the national payment falls to MX$10,545; at the highest (21.13%) it rises to MX$19,133.

The 32 states

StateMedian homeDown payment (20%)Payment at 9%At 11.31% (average)At 21.13%
Mexico CityMX$3,301,516MX$660,303MX$26,789MX$30,536MX$48,607
QuerétaroMX$1,907,749MX$381,550MX$15,480MX$17,645MX$28,087
Baja California SurMX$1,845,565MX$369,113MX$14,975MX$17,070MX$27,172
MorelosMX$1,711,685MX$342,337MX$13,889MX$15,832MX$25,201
Baja CaliforniaMX$1,587,201MX$317,440MX$12,879MX$14,680MX$23,368
NayaritMX$1,529,958MX$305,992MX$12,414MX$14,151MX$22,525
YucatánMX$1,485,687MX$297,137MX$12,055MX$13,741MX$21,873
OaxacaMX$1,451,000MX$290,200MX$11,774MX$13,420MX$21,363
PueblaMX$1,447,020MX$289,404MX$11,741MX$13,384MX$21,304
State of MexicoMX$1,364,588MX$272,918MX$11,072MX$12,621MX$20,090
San Luis PotosíMX$1,336,978MX$267,396MX$10,848MX$12,366MX$19,684
CampecheMX$1,334,000MX$266,800MX$10,824MX$12,338MX$19,640
Quintana RooMX$1,310,995MX$262,199MX$10,638MX$12,126MX$19,301
ChihuahuaMX$1,301,862MX$260,372MX$10,563MX$12,041MX$19,167
GuerreroMX$1,293,725MX$258,745MX$10,497MX$11,966MX$19,047
SinaloaMX$1,254,600MX$250,920MX$10,180MX$11,604MX$18,471
GuanajuatoMX$1,221,641MX$244,328MX$9,913MX$11,299MX$17,986
Nuevo LeónMX$1,214,074MX$242,815MX$9,851MX$11,229MX$17,874
JaliscoMX$1,200,979MX$240,196MX$9,745MX$11,108MX$17,682
AguascalientesMX$1,200,000MX$240,000MX$9,737MX$11,099MX$17,667
HidalgoMX$1,193,176MX$238,635MX$9,682MX$11,036MX$17,567
MichoacánMX$1,178,900MX$235,780MX$9,566MX$10,904MX$17,357
ChiapasMX$1,177,463MX$235,493MX$9,554MX$10,890MX$17,335
SonoraMX$1,175,452MX$235,090MX$9,538MX$10,872MX$17,306
ColimaMX$1,136,195MX$227,239MX$9,219MX$10,509MX$16,728
TabascoMX$1,077,788MX$215,558MX$8,745MX$9,969MX$15,868
ZacatecasMX$1,030,960MX$206,192MX$8,365MX$9,535MX$15,178
VeracruzMX$1,022,000MX$204,400MX$8,293MX$9,453MX$15,047
CoahuilaMX$1,020,703MX$204,141MX$8,282MX$9,441MX$15,027
TlaxcalaMX$937,000MX$187,400MX$7,603MX$8,666MX$13,795
DurangoMX$845,983MX$169,197MX$6,864MX$7,825MX$12,455
TamaulipasMX$845,500MX$169,100MX$6,860MX$7,820MX$12,448
Mexico (national)MX$1,299,580MX$259,916MX$10,545MX$12,020MX$19,133

Median: appraisal value (avalúo) of homes bought with a mortgage, January to June 2026, current pesos. Fixed-rate peso loan of 80% of the median over 15 years; principal and interest only. Lowest, average and highest rates of the offers in the Banxico indicator for August 2026.

Questions

In which Mexican state is the mortgage payment highest?

Mexico City: MX$30,536 a month on the median home of MX$3,301,516, with 20% down over 15 years at 11.31%.

Why 20% down and 15 years?

It is the reference case of the Banxico indicator of mortgage costs (CF303): a MX$1 million home, 20% down, over 15 years. Payotte applies the same case to each state's median price.

Does the payment include insurance?

No. It is interest and principal only, at the average interest rate. The CAT of an offer adds insurance and fees: compare offers on the CAT.

Try your own case in the mortgage calculator.

General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.

Sources